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


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Bezen & Partners handles transactional matters, regulatory issues and renewable energy projects. English-law qualified Yeşim Bezen heads the team and managing partner Serdar Bezen is also recommended.

Çakmak Avukatlik Bürosu is among the elite firms for energy and infrastructure projects. In a recent highlight, the team advised the IFC, the EBRD and Proparco, as lenders, on the $650m development and financing of the Adana Integrated Health Campus PPP. Elsewhere, the team assisted Akuo Energy with the financing of the Bağlar wind project. Mesut Çakmak IS recommended. Other clients include Sumitomo Mitsui Banking Corporation, Gama and DenizBank. Çağdaş Evrim Ergün is now with Ergun Avukatlik Burosu.


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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Çakmak-Gökçe Avukatlik Bürosu’s practice head Zeynep Çakmak is assisting a syndicate of lenders composed of Turkish banks with the financing of Istanbul’s third airport. Güniz Gökçe advised Gürmat Elektrik Üretim, as sponsor, on the financing, construction and operation of a new geothermal power project in Aydın.

Goksu Safi Isik Attorney Partnership has a team of ‘perfect lawyers and decision-makers, who deserve to be highlighted for their management skills’. Fatma Gözde Akansel heads the practice, which has been increasingly involved in restructuring ongoing projects of late. Ali Göksu recently renegotiated various supply and installation agreements between providers involved in the development of Istanbul’s third airport. Mahmut Erbay and Kübra Kavuk are also recommended.

Hergüner Bilgen Özeke acts for borrowers, including recently special purpose project company Otoyol Yatırım ve İşletme, international as well as domestic lenders, and sponsors. The projects handled cover, among others, renewable energy, road infrastructure and healthcare. Senem İşmen, practice head Kemal Mamak and Asli Budak are the key contacts.

Paksoy’s team head Zeynel Tunç focuses on project finance and advises developers, sponsors, and creditors in the energy sector. Aslı Kehale Altunyuva advises clients on energy purchase agreements, EPC contracts, O&M contracts and other project-related agreements. Clients include Gestamp Renewables, Mitsubishi Heavy Industries and Polat Enerji.

Okan Beygo at ASC Law Office recently advised on the construction, management and operation of the Tarsus-based underground natural gas storage facility, which is the first of its kind in Turkey. Beygo also excels in project financing and refinancing. Senior associate and team head Levent Yetkil is also recommended.

Balcioglu Selçuk Akman Keki’s team ‘understands business, provides solid advice and responds to questions in a timely manner’. In a recent highlight, practice heads Tamsyn Mileham and Barlas Balcıoğlu advised Crescent Capital on the negotiation of senior and mezzanine financing agreements pertaining to the Clean Energy Transition Fund’s acquisition of Akenerji hydropower project from Akenerji Elektrik Uretim. Senior associate Ferda Dumrul ‘can handle all projects without any partner level assistance’.

Bener Law Office’s team advised a Kuwaiti real estate development company on the formation of a joint venture with Turkish property developer Dumankaya concerning a commercial and residential real estate project worth $260m. Erim Bener heads the practice. Onur Küçük left the firm.

Birsel Law Office’s ‘proactive’ team is ‘focused on the core objectives with the capacity to give advice on key points without wasting time on irrelevant issues’. Handan Bacioglu is the key figure. Clients include BNP Paribas, Nonghyup Bank, TDX Power and Shanghai Aerospace Automobile Electromechanical.

Esin Attorney Partnership, member of Baker & McKenzie International, a Swiss Verein advised Anagold Madencilik Sanayi ve Ticaret, as the borrower, and Alacer Gold and Alacer Gold Madencilik, on a $250m senior secured project facility with BNP Paribas, ING Bank Śląski and Société Générale for the expansion of the Çöpler gold mine in eastern Turkey. Other clients include Aquila Capital, Akbank, Siemens, Zorlu and Petgaz. Muhsin Keskin and Duygu Turgut are the names to note.

Güner Law Office handles projects in the oil and gas, electricity, mining, telecoms, transport and water sectors. Practice head Ömer Erdoğan and Caner Özen stand out for their ‘impressive commitment, knowledge and response times’.

Project management specialist Kemal Serdengeçti at Pekin & Pekin advised Edison on its potential acquisition of five hydroelectric power plants in a complex transaction that would involve a capital injection in order to acquire the shares of the holding company. Ahmed Pekin is recommended for project finance.

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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 Anti-Dumping Cases in Turkey (December 2017)

    In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio , is given to the Ministry of Economy ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
  • Crowdfunding Legislation Introduced in Turkey

    I - Introduction
  • Launch of the Legislative Framework for Interest-Free Insurance Systems

    Within the context of the 10th Development Plan of the Ministry of Development and the 64th Government Program, aiming to develop interest-free finance mechanisms, the Banking Regulation and Supervision Agency is currently working to finalize a draft bill regulating the interest-free financing principles under a single roof. As part of such initiative, the Regulation on Principles and Procedures relating to Participation Insurance (the “Regulation”) was published in the Official Gazette on September 20, 2017. The Regulation has entered into force 3 months following its publication; i.e., on December 20, 2017.
  • DOJ Makes the Pilot Program Permanent and Announces FCPA Corporate Enforcement Policy

    The US Department of Justice ("DOJ") had announced a pilot program [1] ("Pilot Program") on April 5, 2016, which created new mitigation opportunities for companies that (i) voluntarily self-disclosed, (ii) cooperated fully, and (iii) took timely and appropriate remedial actions in FCPA matters that fell within the Fraud Section's mandate. The Pilot Program was to remain in effect for 1 year, starting from the day of its announcement. On March 10, 2017, the Acting Assistant Attorney General, Kenneth A. Blanco, announced in a speech that the Pilot Program would continue in full force until the DOJ reached a final decision on whether to extend it, and what revisions, if any, should be made to it. [2] The evaluation period of the Pilot Program ended on November 29, 2017, when Deputy Attorney General Rod Rosenstein announced the new FCPA Enforcement Policy ("Policy"), which effectively makes the Pilot Program permanent with some revisions. According to Deputy Attorney General Rosenstein, the FCPA Unit received 30 voluntary disclosures during the time period that the Pilot Program was in force, as opposed to 18 voluntary disclosures that were received during the previous 18-month period. The Policy has been incorporated into the United States Attorneys' Manual in order to "be readily understood and easily applied by busy prosecutors" as opposed to being promulgated in memorandum format. [3]
  • Effects of State of Emergency Law in Turkey On Prison Sentences Under Criminal Execution Laws

    With the Statutory Decree No.671 dated August 17, 2016, and the recent changes with Regulations No.29987 and No.29824 on Regulation Regarding an Amendment on Placement to Open Punishment Execution Facilities effecting execution of the Law No.5275 on Punishment Execution Law has introduced significant changes.
  • Disputes on Health-Related Commercial Advertisements under Consumer Law

  • 2017 FCPA Enforcement Actions and Highlights

    Overall, this was a less active year in terms of Foreign Corrupt Practices Act ("FCPA") enforcement actions, at least when compared to 2016. In 2017, the Department of Justice ("DOJ") took a total of 9 enforcement actions and the Securities and Exchange Commission ("SEC") took a total of 7 enforcement actions. Therefore, we observe that the DOJ has been more active than the SEC in terms of the number of enforcement actions this year. So far in 2017, we have witnessed only 2 declinations within the scope of the Pilot Program, [1] as opposed to 5 declination decisions in 2016.
  • Competition Board grants exemption to Tyre Industrialist Association's waste management plan

    The Competition Board recently published its reasoned decision on the Tyre Industrialist Association's application for an exemption for its Waste Management Strategies and Implementation Plan for Worn-out Tyres 2016 to 2020.
  • Regulation on Erasure, Destruction or Anonymization of Personal Data

    Regulation on Erasure, Destruction or Anonymization of Personal Data: First Prong of the Secondary Legislation

    Law No. 7036 Code of Labor Courts (‘Law’) published in the Official Gazette No. 30221 dated October 25, 2017; introduced fundamental changes in the settlement of labor disputes and abrogated the previous law on the subject Law No. 5521. The radical changes implemented with the Law No. 7036 are summarized below.

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