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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


Index of tables

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

Next generation lawyers

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Who Represents Who

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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.


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
  • 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

    I. Scope of the registration obligation under Turkish legislation
  • 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.

Press Releases worldwide

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