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TESVIKIYE CAD, ISMET APT, NO.45 KAT.2, NISANTASI, 34365 ISTANBUL, TURKEY
Tel:
Work +90 212 343 8989
Fax:
Fax +90 212 343 8999
Email:
Web:
www.inal-law.com

Seyma Inal, Founding Partner

Founding Partner Ms. Seyma Inal explains her firm and how it is adapting to the changing needs of her clients.

What do you see as the main points that differentiate Inal Law Office from your competitors?

Always being ready to respond and providing the most efficient solutions by all aspects related to the subject matter, be it legal, industrial, financial, commercial or corporate, are the primary points which make Inal Law different. 

Based in Istanbul and having correspondent offices in Ankara and Geneva, with a network of partners and experts all over the world, Inal Law specializes in providing legal assistance to multinational and international companies as well as banks and financial institutions. Inal Law has been carrying out long term and trustworthy relations with its clients. Inal Law is also providing services to its clients while investing out of Turkey with the assistance of its wide international network as well as its market knowledge.

Thanks to our devotion while providing advice and assistance to our clients and to our continuous success in obtaining the best possible results, most of our clients have been enjoying our services for 25 or more years. Needless to say, we are also enjoying being of help to those long standing friends. In order to maintain our reliability and our clients’ trust in us, we always keep our knowledge up-to-date, while keeping them informed of all the developments related to their fields of business.

Our clients also trust in our litigation team’s expertise and experience in tough and complicated matters and the rating of our office for such major litigation is highly recognized.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Taking the effects of globalization in the recent years, Corporate and M&A which has always been one of our core practices seems to be still growing.

We are also expecting an increase in our workload in banking and project finance, as many of our clients will still continue investing.

As a newly introduced legal responsibility field in Turkey, protection of personal data, competition practices will be highly growing since they cover almost all sectors.  The introduction of the Law on the Protection of Personal Data and its fast diffusion into the business world have brought Turkey to closer levels with the European and international standards and their relevant practices. We have set up a team in charge of the data protection matters in order to provide our clients with fast and efficient services as well as tailor-made training programs for their adaptation.

And of course, renewable energy, as the most important environmental issue, will certainly be growing within the forthcoming years. 

Being one of the leading shipping law firms, shipping is also expected to grow with new projects and further related investments, while ship recycling is also one of the growing sectors in Turkey and we are expecting a higher number of deals in this area.

What's the main change you've made in the firm that will benefit clients?

Recently, all major laws and relevant regulations are being amended and new ones are being introduced. We have set up a team in charge of following up and reviewing all such changes and new regulations for the purposes of both keeping our knowledge up to date and also keeping our clients informed of such developments. We also organize seminars, trainings and informative meetings for our clients in this respect.

We have always shown a special concern and effort while forming the members of our team to have expert colleagues on every field of law that we are rendering legal services, whereas we have been paying further efforts to keep all of us informed of the current issues being handled by our office to keep up the flow of the business and process the queries of the clients faster and better.

Is technology changing the way you interact with your clients, and the services you can provide them?

The technology, especially in electronic communications, is developing extremely fast. Besides the communication on the services we are providing to our clients, the highly efficient international social media platforms give us the opportunity to inform our clients of all the developments in the legal world that will affect them. We are taking advantage of the technological tools and electronic platforms in interacting with our clients at the possible maximum level.

Can you give us a practical example of how you have helped a client to add value to their business?

Due to the private and confidential nature of our works, it unfortunately is rather not appropriate to give clear examples, whereas we can give some examples of the main deals in topics, where we have helped our clients to add value to their business.

  • We have successfully concluded an M&A deal between two internationally well reputed companies after long and tough negotiations.
  • We have assisted our clients for the purchase of several factories in Italy, which was a highly complicated process involving many different types of procedures, as the factories were purchased from “concordati” by means of public auction and the machinery and equipment in the factories were purchased from the leasing companies. We have been involved in each and every step of the deal, including the establishment of a new company, the release of mortgages, the acquisition and the registration of movable and immovable properties with the local official authorities etc. We have also coordinated the local lawyers during the purchase process.
  • We have successfully conducted the financing and refinancing of various vessels including all the negotiations, preparation of all the relevant documents, the transactions with the banks, the changing of their flags, the release and registration of the mortgages over them etc.
  • We have been involved in the purchase, sale and construction of several yachts and superyachts, especially in the Free Zone as our office is one of the major expert law firms in the Free Zone regulations. We have also been involved in certain litigation matters between the shipyards and the buyers and the creditors.
  • We have also been involved in the enforcement of foreign arbitration awards and court decisions as well as obtaining precautionary attachment decisions during and after the relevant arbitration procedures.
Are clients looking for stability and strategic direction from their law firms? - where do you see the firm in three years time?

It is unquestionable that all the clients look for stability and strategic direction from their law firms. Furthermore, we believe that the most important point they are looking for is reliability, speed and the quality of service they receive, as well as the sense of confidentiality we have created with them.
We, as Inal Law Firm, are really happy with where we are standing from the client, reputation and the quality of legal services points of view, and hope to develop and strengthen our position as a well-established and reputable law firm, rendering excellent services and providing added value to more clients.

Besides our long-lasting relationships with our clients in Europe, UK and America, we are aiming to further develop our network in subcontinent and far eastern countries.

Legal Developments in Turkey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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.
  • Recent Measures to Support Financial Stability in Turkey

    The Banking Regulation and Supervision Authority (the “BRSA ”) and the Central Bank of the Republic of Turkey (the “Central Bank ”) introduced certain legislative changes, to support financial stability and sustain the effective functioning of markets, following the plunge in the value of Turkish Lira.>
  • Non-liability of the Shareholders and Piercing the Corporate Veil

    1.      Introduction
  • Non-liability of the Shareholders and Piercing the Corporate Veil

    1.      Introduction
  • Quarterly Update on Trade Defense Cases in Turkey, June 2018

    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.