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Pekin & Bayar Law Firm

AHULAR SOK, NO 15, ETILER, 34337 ISTANBUL
Tel:
Work +90 212 359 5700
Fax:
Fax +90 212 359 5757
Web:
www.pekin.com.tr
Email:

What we say about the firm's legal practice in Turkey

Banking, finance and capital markets

Within Banking, finance and capital markets, Pekin & Bayar Law Firm is a first tier firm,

Pekin & Bayar Law Firm’s ‘excellent’ practice is highly recommended by clients, who are ‘extremely happy with all advice and services provided.’ On the lender side, it advised Barclays Bank in a €980m loan to BAT for its acquisition of TEKEL, and represented WestLB and a consortium of banks on a loan facility to Lukoil Eurasia Petrol. The firm is also well versed in advising borrowers. Selin Bayar heads the highly rated team.

Competition

Within Competition, Pekin & Bayar Law Firm is a third tier firm,

Pekin & Bayar Law Firm regularly advises on competition and antitrust matters thanks to the firm’s very active corporate and M&A practice. This includes filings to the Competition Authority for exemptions and negative clearances.

Corporate and M&A

Within Corporate and M&A, Pekin & Bayar Law Firm is a first tier firm,

Pekin & Bayar Law Firm boasts an impressive list of corporate and private equity clients. On the private equity side, it represented BC Partners on the acquisition of a 50.8% shareholding in Migros Turk Ticaret, Turkey’s largest supermarket chain. The firm also represented Zurich Financial Services on its takeover of TEB Sigorta, a major Turkish insurer. Partners Sefika Pekin, Selin Bayar, and Murat Aygun are all extremely well regarded.

Dispute resolution

Within Dispute resolution, Pekin & Bayar Law Firm is a third tier firm,

Pekin & Bayar Law Firm’s gets excellent feedback from its mix of international and domestic clients who say, ‘all lawyers we had the chance to work with in the firm are extremely helpful, very polite, always available at our first demand and solve our issues very quickly.’ Partner Can Oguzer is singled out for his ‘technical knowledge and understanding.’

Intellectual property

Within Intellectual property, Pekin & Bayar Law Firm is a third tier firm,

Pekin & Bayar Law Firm is recommended for defence work on contentious IP issues and acts for a range of international clients. The firm is also experienced in pharmaceutical licenses.

Legal market

Within Legal market,

The long economic bull run that came to an end in 2008 has been a boon to Turkey’s main commercial law firms, and had a considerable impact on the shape and form of the legal market. Traditional family run firms with tightly held equity partnerships that have existed since the 1960s and 1970s, or even earlier, have started to fracture, as more ambitious partners and senior associates set up their own practices. These new firms are now slowly coming to the fore. Prominent recent examples include Paksoy, YukselKarkinKucuk, ELIG, Attorneys-at-Law and EsinIsmen. That isn’t to say the old guard is suffering, and the more established names, with their almost dynastic legal clans, such as Birsel Law Offices, Hergüner Bilgen Özeke, Pekin & Pekin, Cerrahoglu Law Firm, Pekin & Bayar Law Firm, and Cosar Attorneys at Law, still very much dominate the rankings. They too are adapting to the legal market and are bringing through senior equity partners that don’t share one of the names on the letterhead.

Privatisation

Within Privatisation , Pekin & Bayar Law Firm is a first tier firm,

Pekin & Bayar Law Firm advises both bidders and lenders on major Turkish privatisations. Recently it represented Barclays Bank on its €980m financing of BAT’s acquisition of Tekel. Selin Bayar is recommended.

Project finance/projects

Within Project finance/projects, Pekin & Bayar Law Firm is a second tier firm,

Sefika Pekin is recommended at Pekin & Bayar Law Firm, which advises lenders and sponsors across a range of sectors including energy and telecoms. A recent highlight was advising Apollo Real Estate and Multi Development, on their joint acquisition of a major plot of land in Istanbul from Carrefour, which will be used for the construction of Turkey’s largest shopping mall.

What we say worldwide

Please choose another Pekin & Bayar Law Firm office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

Turkey

Offices in Istanbul

Search News and Articles

Legal Developments by:
Pekin & Bayar Law Firm

  • PUBLIC CALL REQUIREMENTS UNDER THE CAPITAL MARKET LEGISLATION

    The Capital Market Board of Turkey (hereinafter referred to as the "CMB") has issued a new Communiqué.  The terms and provisions of the new Communiqué  No: 44, Serial No: IV that has been published in the Official Gazette No: 27337 dated September 2, 2009 (hereinafter referred to as "the Communiqué"), govern and regulate the terms for the acquisition of the shares of a publicly held company by making a call to the shareholders (either voluntary or mandatory) and in case of a mandatory call, the conditions for the obligation for the person(s) acquiring shares exceeding certain ratios, to make a call to the other shareholders to purchase the remaining shares.
    - Pekin & Bayar Law Firm

Legal Developments in Turkey

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

  • Legal Newsletter Q4/2009

    The latest quarterly Pekin & Pekin Legal Newsletter has been published. Outlining key developments in the past three months, the newsletter is an essential source of concise information for those outside of Turkey keeping track of legislative changes. This quarter looks at the new Cheque Law, REITS, new rates of taxation and important regulatory developments in the energy and telecoms sector.
    - Pekin & Pekin

  • Proposed amendments on pending ‘Draft Turkish Banking Law’:

    Proposed amendments on pending ‘Draft Turkish Banking Law’: Is it constituting a hindrance for new comers to the market?
    - D & D Law Firm

  • INTRODUCING THE UMBRELLA ENVIRONMENTAL PERMIT: “ENVIRONMENT PERMIT AND LICENSE”

    The “Regulation on the Permits and Licenses required under the Environment Law” (Environment Permit and License Regulation), introduced in April 2009, sets forth the procedures under the Environment Law for obtaining the permits and licenses for activities listed in Annexes 1 and 2. Under this Regulation:
    - Hergüner Bilgen Özeke

  • LEASE VS. RIGHT OF CONSTRUCTION: WHICH WINS OUT IN A NEW REAL ESTATE DEVELOPMENT?

    The lease – the leading option for real property investors in Turkey – has a strong competitor these days: the right of construction. Factors such as the nature of the site, the purpose of the investment and the investment fund help investors to determine the appropriate transaction type. But apart from assessing these commercial and financial concerns, a comparison of the respective benefits of the lease agreement (right in personam) and right of construction agreement (right in rem) from a legal perspective can help in making the right investment, in the right place, with the right kind of real estate transaction.
    - Hergüner Bilgen Özeke

  • WHAT’S NEW IN THE DRAFT TRADEMARK LAW?

    Decree with Force of Law No. 556 (“Trademark Decree”), prepared and issued by the Council of Ministers in accordance with Directive 89/104 EEC of European Council and European Community Regulation (EC) No 40/94 on Trademarks, introduced the formal protection of trademarks in Turkey.
    - Hergüner Bilgen Özeke

  • MEDIATION: TURKEY ON THE VERGE OF A NEW TERRITORY?

    Since 2007, the Turkish government has been working on a mediation model for the settlement of disputes. The Draft Law on Mediation of Civil Disputes (the "Draft Law") is currently pending for the review by the justice sub-commission of the Turkish Parliament. Following the review of the sub-commission, the Draft Law will be voted on in Parliament in order to be enacted.
    - Paksoy

  • ABUSE OF DOMINANT POSITION

    Market competition is regulated in Turkey by the Competition Law enacted on 7 Decem-ber 1994. The regulatory authority is the Competition Authority and the decision-mak-ing body is the Competition Board. The Com-petition Law has three pillars: (i) agreements, decisions and practices preventing, distort-ing or restricting competition in markets for goods and services; (ii) abuse of dominance by the undertakings dominant in the market; and (iii) the control of mergers and acqui-sitions that could lead to the creation or strengthening of a dominant position.
    - Paksoy

  • TENDER OFFER RULES – TURKEY

    On 2 September 2009, the Turkish Capital Markets Board (the “CMB”) promulgated a new set of rules on tender offers relating to public companies. The new tender offer rules replaced the earlier CMB regulation on the matter, and introduced important changes on mandatory offers, terms of offers, minimum offer value, payment of consideration, voluntary offers, rules, procedures and principles to be complied with, and so on.
    - Paksoy

  • THE ENFORCEMENT PROCEDURE OF ARBITRAL AWARDS IN TURKEY

    Foreign judgments including the ones from arbitration courts or tribunals become recognizable under Turkish law via separate judgment of the Turkish Courts called ‘recognition and enforcement decisions’(in Turkish the procedure is named ‘tenfiz’). Following such decisions by Turkish Courts, the foreign judgment or arbitral award becomes enforceable in Turkey as a Turkish Court decision and any monetary debt may be collected accordingly through execution filings dependent on the execution (bailiff) offices of the Courts.
    - ADMD Law Office

  • Cash pooling in Turkey – an end to prohibition

    Slowly but surely, financial law in Turkey is moving toward global standards. Turkish banks are currently in the midst of implementing new cash pooling policies, following amendments passed last year to the foreign exchange regulations. In line with the newly legalised practice of physical pooling, Turkish companies are now able to transfer via banks cash funds abroad for investments or to conduct commercial activities through a newco, partnership or branch, allowing for the reciprocal flow of funds.
    - Pekin & Pekin
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