The Legal 500

HARMANCI GIZ PLAZA K: 16, LEVENT, 34410 ISTANBUL, TURKEY
Tel:
Work +90 212 284 9882
Fax:
Fax +90 212 284 9883
Web:
www.aschukuk.com
Email:

Turkey

Top-tier recommendations

Recommendations


Turkey

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.

Turkey

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
  • OBLIGATION TO MAINTAIN COMPANY WEBSITES UNDER THE NEW TURKISH COMMERCIAL CODE

    The (New) Turkish Commercial Code No. 6102 dated July 1, 2012 ('the Law') implemented a number of provisions and brought additional obligations for capital companies. One of such obligations set forth by the Law is the obligation to have a dedicated website. According to Article 1524 of the Law, all capital companies subject to auditing are also required to open a dedicated internet website and publish certain information. 
  • How to Incorporate in Turkey

    Non-resident companies and/or foreign individuals may choose to enter into Turkish market through incorporation of a commercial entity. Find below a summary of relevant information regarding available company types, branches and liaison offices. 
  • Exceptional Work Permits in Turkey

    Exceptional Work Permits in Turkey
  • Squeeze-Out Rights in Groups of Companies under the Turkish Commercial Code

    1. General Overview
  • Obligation to Maintain Company Websites Under The New Turkish Commercial Code

    OBLIGATION TO MAINTAIN COMPANY WEBSITES
  • Is the assignee bound by the international arbitration clause in case of assignment of receivables?

    One of the common legal transactions in either international or domestic business that is often preferred is the assignment of one or more receivable of the main contract concluded between the original party to a third party assignee. Furthermore, assumming the importance and advantages of arbitration for the original parties of the main contract such as as "neutrality", "cost and speed", "party autonomy", "confidentiality" etc. [1] , this main contract often includes an arbitration clause. One of the significant problems that arises in such case, is whether the assignee shall be automatically bound by this arbitration clause even though nor the assignee neither the debtor expressly approve the transfer of the arbitration clause together with the receivable subject to the main contract, in case of the assignment of such receivable.
  • Employment Termination Based on Economic Reasons in Turkey

    The Turkish Labor Law No. 4857 ('the Law') sets forth the procedures and the circumstances for termination of employment contracts of employees by employers. With the confines of the Law, two separate termination mechanisms, namely rightful (just) termination and termination based on justifiable cause are available.
  • Polish and Turkish Legal Systems for Value Added Tax (VAT)

    The value added tax (VAT), is a type of indirect turnover based tax that is levied during the final phase of the purchaser of the goods and is included in the price of the purchased item or service. Being a turnover tax, VAT is levied at each stage of the production and the distribution process as well. Although liability for the tax rests on the person who supplies or imports the goods or services, the real burden of VAT is borne by the final consumer (shifting feature). This means that such type of tax is characterized by its shift. It is non-cumulative, based on the method of invoice (only Japan is the exception), aimed at entrepreneurs as well. Tax shifting is the most important concept associated with VAT. With the deduction mechanism the difference between the VAT liability of a person on his (their) sales (output VAT) and the amount of VAT, has been already paid by them on his (their) purchases (input VAT). This brief article targets to summarize and compare the VAT systems of Turkey and of Poland with consideration on the general applications of VAT in EU countries. 
  • Recent Changes in Corporate Law

    Stock Corporations Websites
  • New Transportation Law

    Highway Transportation Regulation