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

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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
  • Maintenance And Preservation Of Partnership Structure In M&A Transactions

    The one of the most significant principle in an M&A transaction is "the principle of maintenance of partnership structure" (or the maintenance principle) under Turkish Commercial Code. As is known, result of a merger and acquisition transaction affects two main actors: the first one is the company itself and the second is shareholders of the company in fact maintenance of the partnership structure is a result of the second affect of an M&A transaction.
  • Mediation In Turkey: An Alternative Method For Dispute Resolution

    Mediation as an alternative dispute resolution has been regulated by European Union Directive 2008/52/EC providing the application of mediation for civil and commercial cases in the member states of the European Union ("EU"). In some of the Member States of the EU the mediation is recent and has been regulated short time ago by their national laws and mediation has been enacted by a separate law.
  • Tariff Disputes In Turkey And Alternative Methods For Resolution

    Customs duties can be examined within the scope of two types of taxes which are expenditure tax and excise (Indirect) tax. Customs duty can be described as an expenditure tax. Expenditure taxes are for the services and goods produced sold or consumed. Customs duties are type of excise (indirect) tax as well because taxpayers reflect custom duties to consumer by including the tax into the prices of the goods to be sold. Taxable event, time and who to bear are not certain.
  • The Taxation Perspective In Liquidiation Of Turkish Companies

    As well as the company establishment, an investor may take decision for termination of his/her company or a company's termination conditions stated in the laws may occur such that start of a liquidation process becomes unavoidable for the company. Liquidation process is a period which may take long time and in which a company's transactions and taxation procedures are subject to different terms and conditions than a general operation of company's activities.
  • New Opportunity For The Turkish Energy Market: The Eastern Mediterranean Gas Fields

    The high economic growth of Turkey which has been going on for more than a decade now intensified Turkey's need for more energy. It is estimated that Turkey is going to need a substantial volume of energy which will amount to a 7 % annual growth for the Turkish energy market until the year 2023.
  • Corporate Governance In Turkey: Lessons From The American Experience

    Corporate governance serves as a tool in order to ensure accountability, transparency and responsible management on the part of the enterprises which have increasingly been finding themselves in a more competitive world. Such practice is not only necessary because it results with efficiency in a world where the sine qua non of market survival heavily depends on better and more effective management but also because it mitigates the ill effects of corrupt practices that might develop within the firms.
  • Turkey And Aircraft Financing Junction: Sukuk Issuing

    Despite a slowdown in 2013 with 13% decline by sukuk volume, it is most likely to witness a distinct expand in next year since it will lie beyond Gulf region. UK, Luxembourg and Hong Kong will be hot players in sovereign sukuk market. Sukuk volume boost will predominantly substantiate by corporate issuers operating in regulated markets as a financing tool for their prospective investments. Particularly, extensive need in infrastructure financing will trigger sukuk issuance in the upcoming years. The fundamental reasons for the attractiveness of sukuk are its liquidity, functionality on trade and being rateable in terms of issuer country
  • LNG Market In Turkey

    Currently, the importance of the Liquefied Natural Gas ("LNG") has come to the fore with the discussions concerning the probable problems in natural gas import to the Europe due to the Crimean Crisis. According to the experts' opinion, the LNG import to the Europe may increase in the near future depending on the decrease of the natural gas import. In brief, the LNG plays an essential role as an energy resource.
  • Is Data Exclusivity An Advantage Or An Obstacle For Pharmaceutical Companies In Turkey?

    Turkish pharmaceutical policy has changed radically and made progress starting from the last decade. In the meantime, some controversial topics such as reimbursement, pricing, authorisation, intellectual property rights, and quality and harmonisation process with the EU were and in fact still are the highly disputed issues. As a consequence of EU harmonisation process, patent, data protection and data exclusivity are one of the foremost areas of the debate. Within the framework of bilateral or multilateral agreements (TRIPs, Customs Union Agreement with the EU) Turkey needed to apply the international terms and conditions of patent and data protection
  • Bilateral Investment Promotion And Protection Agreements Of Turkey

    Starting with the trade liberalisation and opening up of the economies world over accordingly, each country has been trying to attract foreign capital through liberalised investment policies. In this connection, foreign investors started to seek investment destinations which provide most protective, hospitable and profitable climate for their investments. Consequently, many countries have entered into Bilateral Investment Promotion and Protection Agreements (BIPPAs) which not only encourage capital flows into their own countries but also provide safe business environment for their own investors abroad. 1 The multilateral trading system is basically an attempt by governments to make the business environment stable and predictable.