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Legal market overview


Turkey is a market of huge promise which is currently dominated by inbound and domestic-only mandates, although much-reported political instability and civil unrest have tempered enthusiasm for cross-border investment and led law firms and businesses to adopt a wait-and-see strategy. Currently, there is little outbound work and the market’s restrictions – including limits on law firm size and the fact that foreign law firms may not practise Turkish law – have inhibited the number of international firms entering Turkey (the last entrant was Edwards Wildman Palmer LLP, which is now known as Locke Lord Edwards). The main areas of activity continue to be large deals involving the domestic banks and state-owned conglomerates, especially in the energy and infrastructure sectors, with the telecoms, FMCG and life sciences sectors also seeing a steady, if not prolific, flow of deals.



Big-ticket mandates are dominated either by local firms with foreign associations – Balcioglu Selcuk Akman Keki and Esin Attorney Partnership, member of Baker & McKenzie International being notable examples – or the established, traditional family names exemplified by the multi-partnership offerings of Hergüner Bilgen Özeke, Pekin & Pekin and Paksoy. Given that Turkey has, according to various tables, the second or third highest number of lawyers in the world, it is perhaps unsurprising that these players face a sizeable number of younger competitors which have often broken away from the very same firms – Kolcuoglu Demirkan Koçakli and Bezen & Partners being notable examples.



In a market where boutiques are relatively rare, highly regarded exceptions are BTS & Partners, which has a niche in technology, and Boden Law, which focuses on the energy sector. Combinations are equally rare but that between Bener Law Office and Davutoğlu Attorneys at Law in September 2014 reinforced the already well regarded banking and finance practice of the former.


Firms in the spotlight

ADMD/Mavioglu & Alkan

ADMD / Mavioglu & Alkan is a full service boutique law firm focussing on foreign investments. ADMD is preferred by corporate and individual clients having sophisticated corporate and financial transactions and complex dispute resolution proceedings that require a more personalized and attentive approach. ADMD also serves as a preferred hub for new investors entering into Turkish market since it supports its clients directly or with reliable referrals for related non-legal services such as virtual office formations, outsourced accounting, bookkeeping and support for tax submissions.

Aksan Law Firm

The Aksan Law Firm was established in 1984 in İstanbul. Since then it has grown to become one of the largest and most pre-eminent law firms in Turkey, with more than 80 lawyers, consultants and other professionals. Aksan provides legal services to a broad spectrum of local and international clientele. Aksan Law Firm has established offices under Aksan name in the UK (London), Kazakhstan (Almaty) Azerbaijan (Baku), Georgia (Tbilisi), Japan (Tokyo) and established strategic presence in the United Arab Emirates (Dubai) and Russia (Moscow).

Bener Law Office

Bener Law Office was founded by Erim Bener in 2001 and has grown to its current size through careful selection of partners, associates and support based on strong ethics, technical excellence and a business-minded approach. The firm’s growth has been driven by the needs of its clients, which include many leading international and local companies, as well as the opportunities in the market.

Press releases

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Legal Developments in Turkey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The Constitutional Court abolished the Article 16/5 of the Decree Law numbered 556

    The Constitutional Court abolished the Article 16/5 of the Decree Law numbered 556.
  • Assignment of Trademarks and Licensing of Trademarks in Turkey

    I. Introduction
  • Installment Sales

    The Regulation About Installment Sales ( "The Regulation" ) entered into force by being published in the Official Gazette on 14 th  January 2015. Although the title is 'installment sales'; the main subject of the Regulation is financial leasing agreements. It is important to be careful not to confuse the installment sales with the prepaid sales. In prepaid sales the buyer have the possession of the sold movable property after completing the payment. However in installment sales the buyer gets the property immediately and then makes the payment. Moreover the sales made by credit cards are not the subject of this Regulation.
  • Protection of Creditors and Employees and Personal Liabilities of Shareholders in Mergers

    Synergies and increase in the assets of the merging companies are aimed at mergers. However, a merger may at the same time result in the increase of the liabilities of the merging companies. Further, in some cases the financial standing of the absorbed company in a merger may not even show positive figures thus such a merger may present a potential risk on the creditors of especially the surviving company. Due to the fact that creditors of the merging entities do not have a veto right against a merger, there arises the need for a specific protection tool for the creditors. A merger may also negatively affect the employees of the merging entities, again especially the ones of the absorbed company. On the other hand, "over-protection" may defeat the purpose of the merger concept so a fairly balanced protection mechanics is essential. This article focuses on the means of protection of creditors and employees, and personal liabilities of shareholders in mergers, as regulated by the Turkish Commercial Code ("TCC").
  • Unfair Competition

    Unfair competition is regulated in the Turkish Commercial Code ("TCC") Law No: 6102 and the Competition Law On the Protection of Competition ("The Competition Law"), Law No: 4054.
  • General Business Terms and Conditions under Turkish law

    The concept of general business terms and conditions has been introduced to the Turkish law by the new Turkish Code of Obligations. This article aims to provide general information on as to how general business terms and conditions in agreements are handled under Turkish law.
  • The Principles And Procedures To Apply To Factoring Transactions

    The Banking Regulation and Supervision Authority ("BRSA") of Turkey published the Regulation on the Principles and Procedures to Apply to Factoring Transactions (the "Regulation") in the Official Gazette on February 4, 2015.
  • Patent and Utility Model

    The patent and the utility model are regulated in the Decree No. 551 dated 1995 Concerning to the Protection of Patent Rights ("PDL"). Obviously patent and utility models are not completely two different rights; however there are some specific measures differentiating them. In this article we will discuss important points of these rights.
  • Interim Relief

    The Interim Relief is regulated under the Turkish Procedural Law numbered 6100 ("TPL"). According to the legislation, the court can provide any kind of interim relief that has the effect of preventing the claimant incurring damages before resolution of his claim or, such as (i) freezing or securing goods or rights, (ii) ordering the defendant to take, or not to take, a certain action (for example, annotation to the title deed preventing its transfer, prohibiting the transfer of shares of a company, and so on).
  • Changes to Turkish Corporate Governance Rules


Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to