The Legal 500

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Top-tier recommendations



Within Banking, finance and capital markets, ASC Law Office is a second tier firm,

ASC Law Office represents a number of Turkish banks and other financial institutions. Recent mandates include advising Bankpozitif on the issuance of $150m in bonds listed on the Luxembourg Stock Exchange. Other clients include GarantiBank, Finansbank and Osmanlı Menkul. Okan Beygo is a name to note.

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Within Corporate and M&A, tier 4

ASC Law Office recently represented the shareholders of Kamil Koç, a bus company which operates nationwide, in the sale of a 100% stake in the company to a private equity firm. Murat Aksu is a key contact.

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Within Project finance/projects, ASC Law Office is a first tier firm,

ASC Law Office’s robust project finance team recently advised Anel Emirates on the $392m financing of an airport electrification works project in Abu Dhabi. Practice head Barış Ertekin and Okan Beygo are names to note.

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Further information on ASC Law Office

Please choose from this list to view details of what we say about ASC Law Office in other jurisdictions.


Offices in Istanbul

Legal Developments in Turkey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Limited Company Expenses in Turkey

    1. Limited Companies Establishment Expenses
  • Capital Movements Circular

    The Central Bank of the Turkey announced several amendments to the Capital Movements Circular with the Circular numbered 2013/YB-7 dated 29.03.2013. According to the new legislation, in case a Turkish company with foreign shareholders intends to increase its capital, the money sent by the foreign shareholders shall be recorded in the books as the "capital increase amount" instead of "capital advance" until the registration of the capital increase to the Trade Registry Office.

    Liaison offices are regulated in the Foreign Direct Investment Law ("FDI") numbered 4875 and Regulation for Implementation of Foreign Direct Investment Law ("RIFDI") issued based on FDI. According to article 3(h) of the RIFDI, the Undersecreteriat of Treasury ("Undersecreteriat") is authorized to permit foreign companies established under the laws of foreign countries to open liaison offices, provided that they do not engage in commercial activities in Turkey. In other words, liaison offices cannot engage in income generating activities. Liaison offices do not have any aspects other than salary payments made to the employees working in these offices.

    According to the Turkish Law, they are 5 types of construction related taxes which are;

    Squeeze-out and sell-out rights in Turkish public companies are regulated by the Communiqué on Squeeze-Out and Sell-Out Rights (the " Communiqué ") published in the Official Gazette dated 2 January 2014 effective as of 1 July 2014. The Communiqué was issued by the Capital Markets Board of Turkey (the " CMB ") in accordance with the Capital Markets Law and regulates the right to squeeze-out minority shareholders by the controlling shareholder and the minority shareholders' rights to exit the public company by selling their shares to the majority shareholder.
    - Paksoy
  • Integration of US and Europe Energy Markets: TTIP and Global Energy Trading Projection

    Shale gas revolution has been driving US energy market by increasing economic and industrial competitiveness. Today, shale gas has gained acceptance as "bonanza" which triggered slump in gas prices and sparked off widening the energy gap between US and Europe. US gas export is forecasted to bemounted up 6 billion cubic feet per day signifying UK's daily demand in winter as of 2020. At this stage, a potential oil and gas trade between US and EU will become an inevitable pace for world energy supply-demand balance.
  • Transatlantic Trade and Investment Partnership: How should Turkey Cope with the Changing Dynamics?

    The free trade agreement, known with its acronym TTIP , currently being negotiated between the United States and the European Union is expected to have immense legal implications as well as commercial ones for the signatories. The numbers are self explanatory; two blocks when combined together produces almost half the world's GDP and around one third of the total world trade. The bilateral trade across the Atlantic has already exceeded USD 3.7 trillion. For these two economic giants to sign such a deal mean a monumental shift in world economic balances. As the United States and the European Union are expected to benefit significantly from such shift, the countries that will be left out will have to face a new legal regime that would cover the entire jurisdiction producing half of the world's GDP.
  • Bright Future Of Solar Power Market In Turkey

    In recent years renewable energy market development became primary energy strategy of Turkish government with the intention of improving energy efficiency and decreasing energy import dependency. Particularly, solar power seems as fundamental resource  of electricity generation in the near future. In terms of insolation Turkey possesses high potential among European countries.
  • Civil Aviation in Turkey: A Fine Balance Between Growth and Regulatory Tendencies

    General Framework
  • Strong Regulatory Base of the Turkish Banking Sector Amid Mixed Signals

    Mixed signals are recently coming from the Turkish Banking sector. The industry, on the one hand, has recently seen an unprecedented levels of volume which is estimated to be USD$ 855 billion to dwarf the economic might of 22 of the 28 EU member states and on the other hand has been witnessing a reduction in the credit volume that went down to 1.130 trillion Turkish liras as of the July 2014. It is not easy to comprehend the meaning of such conflicting signals emanating from the Turkish banking industry. In order to make sense of the current shape that the Turkish banking industry takes, it is better to see the bigger picture in Turkey which has been leading the Turkish authorities to regulate the industry in increasing frequency.