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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 > Project finance/projects > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Project finance/projects
  2. Leading individuals
  3. Next generation lawyers

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Project finance/projects 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 david.burgess@legal500.com.

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Çakmak Avukatlık Ortaklığı’s practice is led by Mesut Çakmak and represents banks, holdings and developers on project finance and refinancing matters, as well as the development and operation of power projects. Recent highlights include advising ERG İnşaat on the development, rehabilitation, financing, construction and operation of its Afşin-Elbistan thermal power project. The firm strengthened the department with the hire of Cem Çağatay Orak in February 2017 and the promotions of Özlem Kızıl Voyvoda and the ‘outstandingNaz Bandik Hatipoğlu to the partnership in January 2017. ‘Dedicated’ senior associate Mustafa Durakoğlu is experienced in the energy and infrastructure sectors. Zeynep Çakmak returned to the firm from GKC Partners in February 2018.

Goksu Safi Isik Attorney Partnership is recommended for its ‘sector-specific knowledge and expertise’ and is regularly involved in landmark projects in Turkey, such as Istanbul’s new airport, the Airport City project and the North Marmara Motorway. In a recent highlight, the ‘outstandingAli Göksu and Gözde Akansel advised Çanakkale Otoyol ve Köprüsü İnşaat Yatırım ve İşletme on financing, construction, operation and maintenance aspects of the Kınalı Savaştepe Motorway project. Other clients include Akfel Commodities Turkey, IGA and the Kolin, Calyon and Cengiz consortium.

FIRMS IN THE SPOTLIGHT

Gedik Eraksoy Avukatlik Ortakligi

Our partners Hakki Gedik and Gökhan Eraksoy established Gedik & Eraksoy in November 2012. For almost a decade, Hakki and Gökhan had been equity partners at a leading local law firm, where they had set up and led a distinct practice group.

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Hergüner Bilgen Özeke advises lenders and borrowers on the financing aspects of projects in the energy, health and transport sectors. In a recent highlight, the team advised borrower Otoyol Yatırım ve İşletme on the exit of a major sponsor of its Gebze-İzmir Motorway project. Practice head Aslı Budak advises on project development and has special expertise in the infrastructure area; Senem Işmen is particularly active in PPP projects. Kemal Mamak left the firm in November 2016 to pursue an academic career.

Paksoy’s department advises financial institutions, developers, contractors and commercial companies from the oil, gas and infrastructure sectors on financing, refinancing, licensing, acquisitions and regulatory filings. Recent work saw the team lead advice to GE Healthcare on risk mitigation and the contractual aspects of its PPP projects. In another highlight, practice head Zeynel Tunç assisted construction company Serka with legal matters pertaining to its container port project in Oman.

ASC Law Office is recommended for its ‘in-depth legal knowledge’ and advises on project finance, refinancing and contract-related matters. Recent highlights include advising Akfen on the $260m project finance loan facility for the construction, development and operation of four wind power plants. The team is particularly active in the energy and mining sectors and is led by Levent Yetkil. Okan Beygo is another key figure.

Barlas Balcıoğlu heads the department at Balcıoğlu Selçuk Akman Keki, which handles both inbound and outbound project finance and other project-related matters, such as contracts, financing, development, regulatory issues and transactions. The team has a strong track record assisting foreign solar energy companies with their entry into the Turkish market. Doğan Eymirlioğlu advises on foreign investment and cross-border transactions in the energy, infrastructure and construction sectors.

Bener Law Office advises on joint ventures, project finance, contractual issues and regulatory matters and is particularly active in the energy and hotel sectors. Erim Bener heads the team and Gözde Esen is experienced in the mining and renewable energy industries. Onur Kordel advises on infrastructure projects and privatisations. Funda Özsel retired.

Bezen & Partners’ project finance department is led by Yeşim Bezen and handles project finance and refinancing matters. Recent highlights include advising French-Turkish consortium ELZ Sağlık Yatırım on the corporate structuring aspects of its PPP project Elazığ Healthcare Campus. The client base also includes Akkuyu NGS Elektrik Üretim, Rönesans Holding and Akfen Gayrımenkul Yatırım.

Değer Boden Akalın heads the practice at Boden Law and is recommended for her ‘excellent knowledge and compelling experience in the areas of energy, metals, mining and infrastructure’. The team advises on transactions, project development, M&A, joint ventures, regulatory matters and contracts. On the contentious side, the firm is experienced in assisting local and international energy companies with litigation and cross-border arbitration. Murat Yörükoğlu is another name to note.

Esin Attorney Partnership, Member of Baker & McKenzie International, a Swiss Verein has ‘in-depth knowledge of Turkish legislation and practice’ and handles project finance, regulations, M&A, contracts and agreements in the energy, mining and infrastructure sectors. Recent activity includes advising Alacer Gold and Alagold on the $350m facility for the expansion of the Çöpler gold mine. Other clients include Siemens, Gama Enerji and DEG. Duygu Turgut jointly heads the practice with Muhsin Keskin, who is recommended for his ‘promptness, industry knowledge and experience’.

GKC Partners is experienced in advising local banks, lenders and sponsors on the financing and refinancing of projects in the renewable energy, health and infrastructure sectors. The team is led by Güniz Gökçe, after the departure of former practice head Zeynep Çakmak to Çakmak Avukatlık Ortaklığı in February 2018. Recent work saw the team lead advice to Yapı ve Kredi Bankası regarding the financing of solar energy plants by Hanwha Group. Other clients include DenizBank, Ziraat Bankası and Garanti Bankası.

In addition to its strong real estate and construction practice, Çakici & Yamaner Attorney Partnership handles contentious and non-contentious matters in the energy project and infrastructure arenas. The team is recommended for its ‘vast knowledge and expertise’ and advises on contracts, transactions, licences, project finance and refinancing. Cengiz Yamaner heads the team.

The team at Güner Law Office assists local and international companies with the negotiation and structuring of project financing. Transactional advice and refinancing are other key features of the practice, which is particularly active in the gold mining and renewable energy sectors. Clients include energy, mining and construction companies, as well as financial institutions. Ece Güner is the key figure.

Kesikli Law Firm is recommended for its ‘deep industry knowledge and practical approach’ and advises EPC contractors, project developers and energy companies on contracts, agreements and other aspects of inbound and outbound energy, infrastructure and construction projects. Practice head Ömer Kesikli is recommended for his ‘vast experience and know-how in the energy business’.

Pekin & Pekin is experienced in project finance, development, transactions and disputes and provides advice on commercial contracts, regulations and compliance. The team is led by Ahmed Pekin and active in the energy, natural resources and infrastructure sectors. Kemal Serdengeçti left the firm.

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Legal Developments in Turkey for Project finance/projects

  • Recent Amendments to Environmental Impact Assessment Regulation

    On 26 May 2017, the Environmental Impact Assessment Regulation has been amended to shorten the time frames for environmental impact assessment (“EIA”) process and to extend the scope of EIA requirement for solar and wind power projects.
    - Ergün Avukatlik Bürosu

Legal Developments in Turkey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Quarterly Update on Trade Defense Cases in Turkey (December 2018)

    In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio , is given to the Ministry of Trade ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
  • Capital Markets Board Announces the Draft Communiqué on Crowdfunding

    In September 2018, the Capital Markets Board (" CMB ") had issued an announcement on its website, declaring that a secondary legislation for crowdfunding was underway.
  • Turkey Aligns its Medical Device Regulation with the EU Regulation

    In May 2017, Regulation (EU) 2017/745 of the European Parliament and of the Council of 5 April 2017 on medical devices (" EU Regulation ") entered into force, stipulating a transition period for medical device manufacturers to comply with the EU Regulation by May 2020.
  • Opinion of the Court of Cassation on the Contention of Expert Opinion and Expert Report

    The notion of Expert Opinion, which entered into our law through the Code of Civil Procedure ("CCP"), has been a frequently resorted to method of helping to resolve disputes by the parties in our judicial system over the course of time...
  • Arrest of Ships under Turkish Law

    The general principles on maritime enforcement are set out in Turkish Commercial Code ("TCC") numbered 6102. On the other hand, Turkey has ratified the International Convention on Maritime Liens and Mortgages, signed in Geneva on 6 May 1993 and the International Convention on the Arrest of Ships, signed in Geneva on 12 March 1999 and both conventions have been come into force on 25 March 2017. The provisions of these two conventions have already been taken into consideration by the drafting committee of the code, and the relevant provisions have been incorporated into the TCC in preparing the same. This newsletter reviews the principles and provisions stipulated in the TCC for the arrest of ships.  
  • Decision of the Court of Cassation General Assembly on the Unification of Judgments holding that an

    In civil procedural law, a ban on the expansion and alteration of a claim and defense comes with two exceptions; the other party's consent, and "the amendment". The parties may completely or partially amend their proceedings prior to the end of the investigation phase. Provided that the legal requirements are fulfilled, an amendment may be filed without the consent of the other party or the court, since it is a unilateral and express declaration of will directed at the court 1. For instance, the parties may amend the value of the claim, or claim compensation, instead of payment in kind for defective goods.
  • Share Pledges in Joint Stock Companies

    Share pledges in joint stock companies are not specially regulated under the Turkish Commercial Code ("TCC"). Therefore, the provisions of the Turkish Civil Code that regulate the general rule regarding pledges, shall apply. Under Turkish Civil Code Article 954, transferable receivables and other rights may be subject to pledge. The pledge established on a share in joint stock companies is a "pledge right established on the right." A pledge is established on shareholding rights. A pledge on receivables and rights is subject to the principles of movable pledges. (Turkish Civil Code Article 954/2).
  • Updated FIDIC Contracts

    International Federation of Consulting Engineers that is known by the abbreviation of FIDIC (Fédération Internationale Des Ingénieurs-Counseils) launched updated Red Book (the Conditions of Contract for Works of Civil Engineering Construction), Yellow Book (the Conditions of Contract for Plant and Design-Build)) and Silver Book (the Conditions of Contract for EPC/Turnkey Projects) in the "International Contract Users Conference," organized in London in December of 2017...
  • Recent Developments in the Right of Access to Files

    The parties of an investigation that is conducted in accordance with the Act on the Protection of Competition No. 4054 ("Competition Act") may enjoy the right to access the files concerning them that are drawn up by the Competition Authority ("Authority"). The procedures and principles related to use of this right are regulated via Communique on the Rules for Access to Files and the Protection of Trade Secrets No. 2010/3 ("Communiqué"). For the parties, it is very important to exercise their right to access to files properly, since the relevant right has a direct correlation to their right to defense. Therefore, this article focuses on the discussions that may rise during the exercise of the right to access the files in light of the recent Competition Board ("Board") decisions...
  • The General Data Protection Regulation in Force

    The General Data Protection Regulation ("GDPR" or "Regulation")1 that was approved by the European Union ("EU") Parliament and entered into force in 2016 has started to be applied as of May 25, 2018. The GDPR lays down rules relating to the protection of natural persons ("data subjects") with regard to the processing of personal data, and rules relating to the free movement of personal data. With this Regulation, it is intended to protect the privacy of the data subjects more strictly, and to reorganize data privacy laws across Europe. Also, it is worth to note that, international companies, as well as Turkish companies, are under the obligation to comply with the GDPR, provided that their activities fall under the scope of the GDPR.

Press Releases worldwide

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