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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Turkey > Banking, finance and capital markets > Law firm and leading lawyer rankings


Index of tables

  1. Banking, finance and capital markets
  2. Hall of Fame
  3. Leading individuals
  4. Next generation lawyers

Leading individuals

  1. 1

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Banking, finance and capital markets clients in Turkey using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact


OutstandingBalcıoğlu Selçuk Akman Keki shines across the full spread of banking, finance and capital markets work. Barlas Balcıoğlu advises multinational and domestic banks on project finance, syndicated loans and structured finance. Recent work includes assisting Bank of America with the issuance of syndicated loans, respectively, to Akbank, ING Bank, Iş Bank and VakıfBank. Müfit Arapoğlu is particularly experienced in capital markets matters, as evidenced by his involvement in the IPOs of both Delivery Hero and Domino’s Pizza Eurasia. Günhan Yalçın and Tamsyn Mileham are other names to note. HSBC, Standard Chartered Bank and Koç Holding are also clients of the firm.

Esin Attorney Partnership, Member of Baker & McKenzie International, a Swiss Verein’s highly recommended Muhsin Keskin heads the banking and finance department, which handles the financing of transactions, Islamic finance, syndicated loans and regulatory matters. Another key strength of the practice is its experience in capital markets; in one recent highlight, the team advised Turkven Private Equity, the Akarlılar Family and Mavi Giyim on the $620m international and domestic offering of shares in Mavi Jeans. Other work included assisting a syndicate of 14 international and domestic lenders with loan facilities of $500m and TRY720m provided to VIP Turkey Enerji, a subsidiary of Vitol Investment. The firm’s client roster includes JP Morgan, Finansbank and Société Générale.

GKC Partners is noted for its ‘strong industry knowledge, experience and good judgement’. Practice head Güniz Gökçe is ‘the driving force behind the team’, and Derin Altan advises on capital markets matters. The team is active on both the sponsor and lender side and handles project finance, financial restructuring and refinancing. Recent highlights include assisting a group of banks, including Türkiye Garanti Bankası and the EBRD, with the refinancing of existing debts and the financing of new investments in the electricity distribution sector. Borrower-side work includes advising Kazancı Holding and Doğal Gaz Dağıtım on obtaining $800m in refinancing and investment loans. The firm’s client roster also includes Yapı Kredi, Akbank and IFC.

Sera Somay heads the banking and finance practice at Paksoy and Ömer Çollak handles capital markets matters, such as eurobond offerings and Islamic finance debt offerings. The team is experienced in cross-border transactions, investments, project finance and syndicated loans. Recent highlights include advising Klöckner Pentaplast on local law aspects of the facility agreement provided by Garanti Bankası and Odeabank for the planned acquisition of Farmamak, which resulted in a merger after the financing was closed. In another key mandate, the team represented Migros as borrower in the negotiation, drafting and review of a facility agreement with Rabobank. The firm recently added Commercial Bank of Qatar, Borusan Holding and World Bank to its client base.

Pekin & Pekin’s banking and finance practice ‘has a strong understanding of local requirements and the ability to solve problems with practical solutions’. The department is led by founding partner Ahmed Pekin and handles cross-border syndicated loans, project finance, acquisition finance and Islamic finance matters. Other key strengths of the team are the negotiation, drafting and review of credit facility agreements. Özge Okat is particularly experienced in capital markets matters, including equity and debt offerings.

Yegin Ciftci Attorney Partnership’s banking and finance practice is led by Mete Yegin and handles corporate lending, structured finance, debt restructuring and project finance matters. Itır Sevim-Çiftçi is particularly experienced in private equity and capital markets matters. In one recent highlight, the team acted as local counsel to a group of arrangers and lenders, including Akbank and Garanti Bank, regarding a $190m project finance facility provided to Zorlu Doğal Elektrik Üretim. Other clients include ICBC, BNP Paribas and HSBC Bank.

Yeşim Bezen heads the banking, finance and capital markets practice at Bezen & Partners, which handles cross-border transactions, asset and project finance, loan agreements and debt restructuring. Recent highlights include assisting Gayrimenkul Yatırım Ortaklığı with the €250m refinancing of its real estate investment trust portfolio. In other work, the team advised China Aircraft Leasing Group on a Turkish law guarantee for an aircraft lease agreement. ‘Pragmatic and practicalMurat Soylu was made partner; Banu Aslan and Serdar Bezen are other key figures.

Hakkı Gedik and Gökhan Eraksoy are the key figures that handle banking, finance and capital markets matters at Gedik Eraksoy Avukatlik Ortakligi. The team is experienced in loan agreements, project finance and Islamic finance, including cross-border transactions. Recent highlights include advising a group of three banks on the financing of the Konya Karatay Integrated Health Campus Project. The firm’s clients also includes Akbank, Nomura International and Yapı Kredi.

Hergüner Bilgen Özeke’s banking and finance department is noted for its ‘knowledge, attention to detail and team effort’ and advises on loan agreements, financial restructuring, Islamic finance and regulatory matters. Piraye Kuranel Başol and Yeşim Api Şamlı jointly head the team, which recently advised Zorlu Yapı Yatırım on the financing of real estate investments and a share purchase transaction. Deutsche Bank, UniCredit and Ziraat Bankası are also clients of the firm. Kemal Mamak left the firm in November 2016 to pursue an academic career.

Hakan Yazıcı, Pınar Başdan and Güneş Yalçın form the core of the banking, finance and capital markets department at YazıcıLegal. The team leads advice to domestic banks, including Vakıfbank and Iş Bank, on the establishment and updates of global medium-term note programmes and related issuances. Other areas of practice are day-to-day banking matters, transactions, contracts and agreements. Wells Fargo, Bank of America and Garanti Bank are also clients of the firm.

ASC Law Office handles project finance, agreements, contracts and cross-border transactions. Recent highlights include acting as counsel to Mercedes Benz regarding the issuance of €320m in domestic and international bonds. The practice is led by senior associate Ela Sarı, and Levent Yetkil is recommended for his ‘in-depth knowledge and communication skills’; Okan Beygo is another key figure.

Meltem Akol and Özgün Özok are the key figures in Akol Özok Namlı Attorney Partnership’s banking, finance and capital markets practice. The team advises on loan facilities, cross-border transactions, refinancings and Islamic banking instruments, such as murabaha. Clients include VTB Capital, Citibank and QNB Finansbank.

Bener Law Office is well known for handling syndicated loan facilities, debt restructuring and project finance. Gözde Ezen Sakar works with various domestic banks, including Şekerbank, Türkiye İş Bankası and Akbank.

Bilgiç Attorney Partnership’s banking and finance practice, which is jointly led by Haluk Bilgiç and Ekin İnal, handles loan agreements, project finance and refinancings. The team recently led advice to Opic on the Turkish law aspects of the second disbursement of its $175m loan facility provided to Akbank.

CCAO’s Onur Taktak heads the firm’s banking and finance department and advises on domestic and cross-border transactions, as well as debt restructuring. Recent highlights include advising JP Morgan on the establishment and enforcement of securities over the $500m loan agreement granted to Garanti Bankası. Other clients include Akbank and Rabobank.

Çakici & Yamaner Attorney Partnershipexcels with its experience and corporate approach’ and is noted for its ‘agility, flexibility and dedication’. The banking and finance practice is led by ‘excellent litigator’ Cengiz Yamaner and handles both contentious and non-contentious matters, such as recovery of non-performing debts, loan agreements and contracts.

Çakmak Avukatlık Ortaklığı is particularly well known for advising domestic and international financial institutions on project finance and refinancing matters. In one recent highlight, Mesut Çakmak led advice to DenizBank on the $189m capacity increase financing of a theme park in Antalya. Cem Çağatay Orak joined in February 2017; Özlem Kiliz Voyvoda and Naz Bandik Hatipoğlu were made partner in January 2017.

Erdem & Erdem Law Office handles project finance, refinancing, financial restructuring, investment-related work and debt capital market transactions. The practice is jointly led by Ercüment Erdem and Özgür Kocabaşoğlu; Tuna Çolgar and Gaye Spolitis are also active in the sector. Clients include Yılport Holding and Trakya Cam Sanayii.

Baran Gen heads the banking, finance and capital markets practice at Gen Temizer Ozer, which advises on financial restructuring, credit facilities, loan agreements and cross-border transactions. Recent work includes assisting Med Energy Holding with negotiating the restructuring of facility documentation. Ebru Temizer is experienced in project finance matters.

Pelister Atayilmaz Enkur Law Office handles contentious and non-contentious banking and finance-related matters and is particularly active in the sale of non-performing loan portfolios. Kerim Pelister, Gökhan Enkür and Emre Keki are all active in the sector. The firm’s client roster includes Qatar National Bank, Şekerbank and World Bank.

Pekin & Bayar Law Firm’s banking and finance practice, which is jointly led by Selin Bayar and Esen İrtem, recently advised Yapı Kredi on a $50.4m secured facility to Zen Enerji. The team is also experienced in regulatory matters and acts as local counsel to foreign banks.

Kerem Turunç and Noyan Turunç head the banking, finance and capital markets department at Turunç and advise on domestic and cross-border transactions, loan facilities and private equity matters. The team recently added Android Industries to its client base, which also includes Borsa Instanbul, HSH Nordbank and Landesbank Berlin.

Çaga & Çaga handles regulatory matters and advises on corporate loan facilities. Erdem Değerli heads the practice, which acts for financial institutions and corporations.

Çigdemtekin Dora Cakirca Aranci Law Firm assists with the establishment of corporate loan facilities and is particularly known in the payment services industry. Tuna Çakırca, Gamze Çiğdemtekin and Kağan Dora are the key figures.

Devrim Çukur heads the corporate and finance practice at Cukur & Yilmaz, which advises on structured finance, syndicated loans, regulations and debt recovery. The capital markets team handles IPOs as well as sukuk and other Islamic finance matters.

Goksu Safi Isik Attorney Partnership is experienced in project finance and credit agreements, and assists with the negotiation and review of banking and finance related contracts. Ali Göksu and Fatma Gözde Akansel are names to note.

Güner Law Office advises domestic and international companies and financial institutions on debt collection, financings, loan facilities, as well as the capital markets aspects of M&A deals.

Gür Law Firm’s Sena Apak advises on domestic and cross-border loan agreements and project finance. The team is particularly experienced in shipping and aviation finance.

Seyfi Moroğlu and Burcu Tuzcu Ersin head the practice at Moroglu Arseven, which handles lending transactions, refinancing, investment-related matters and regulatory work. Clients include Vicat Turkey and ACT Venture Capital.

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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
  • Court of Appeals Sheds Light on “Just Cause” for Termination, Exit Right and Squeeze-out

    The Court of Appeals Sheds Light on "Just Cause" for Termination, Exit Right and Squeeze-out of Shareholders

    2018 has been a turbulent year in the Turkish economy and by extension significant changes has taken place in the Turkish foreign exchange rules which was mainly triggered by the recent overshooting in the foreign exchange rates against Turkish lira.
  • Understanding the Registration Obligation under Turkish Data Protection Law

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  • Quarterly Update on Trade Defense Cases in Turkey (September 2018)

    After Turkey's recent change to executive presidency, the President has made some changes in the government system.
  • Amendments Introduced through Law No. 7101 on Arbitration Proceedings

    State courts have very important functions concerning arbitration proceedings. These functions may aim to provide assistance to arbitration proceedings, such as collection of evidence through state courts, which would support the functions of the tribunal, or functions aimed at supervision of arbitration proceedings, such as set-aside actions. The legal provisions regulating these functions play an important role in the determination of whether a particular state has an arbitration-friendly legislation.
  • Restrictions on Use of Foreign Currencies in Certain Agreements between Turkish Residents

    The Presidential Decree dated September 12, 2018, on the Amendment of Decree No. 32 on the Protection of the Value of the Turkish Lira (" New Decree "), introduced significant restrictions on the use of foreign currencies in certain agreements between Turkish residents. Below, we explain the scope of the New Decree and discuss possible issues and problems that may arise in relation to the implementation of the New Decree. We also assess the potential effects of the Communiqué (2018/32-51) on the Amendment of the Communiqué on Decree No. 32 on the Protection of the Value of the Turkish Lira (2008/32-34) (" Communiqué "), which was published in the Official Gazette on October 6, 2018, and lists the exceptions to the restrictions imposed by the New Decree.
  • Amendment of ICSID Rules and Regulations

    At the 2016 Annual Meeting of the Administrative Council, the International Centre for Settlement of Investment Disputes ("ICSID") launched an amendment process on its' rules and regulations ("ICSID Rules and Regulations"). This has been the fourth amendment process since 1984, 2003 and 2006. As per Article 6 of the ICSID Convention, the amendments will only be effective upon the approval of two-thirds of the contracting states2. Hence, ICSID invited contracting states and the public3 to provide their amendment suggestions on topics worthy of consideration, which will be used as background papers throughout the process.
  • Trust Liability in terms of Groups of Companies

    Article 209 of Turkish Commercial Code No. 6102 ("TCC") has set forth obligations that are subject to damage caused by the trust and reputation of the parent company, as created with society and the consumer. Accordingly, "in the event that the reputation of the parent company and the group of companies reaches a certain level which provides trust to society or the consumer, the parent company is liable for the trust created by utilization of this reputation".
  • Possibilities and the Results of Trademark Confusion

    Trademarks are the vehicles that are used to differentiate companies one from the other. They help to capture the consumers' attention. It is essential and necessary to protect trademarks that are created and improved with capital and effort, from unrightful use by third parties, and to prevent the encroachment of trademarks through confusion. One of the most efficient functions of intellectual property law is to encumber imitations, and to halt improper benefit by using the popularity of the trademarks to their consumers. On the other hand, in our daily lives, we often see trademarks that are similar, and may wonder how they co-exist at the same time. In this article, we will shed light on the reasons why similar trademarks can be registered, the criteria that cause trademark confusion, and the remedies to prevent and/or remove these infringements.
  • Capital Markets Board Issues an Official Announcement on Initial Coin Offerings and Crowdfunding

    The Capital Markets Board (" CMB ") issued an announcement on September 27, 2018, on its website and addressed the much-disputed status of digital tokens and Initial Coin Offerings (" ICO "). In this announcement, the Capital Markets Board stated that it does not regulate or supervise ICOs, and also noted that it does not regulate or supervise most practices in which blockchain technologies are being used, such as cryptocurrency offerings and token offerings.

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