The Legal 500

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ORJIN MASLAK, ESKI BUYUKDERE CADdesi NO 27, K 11, MASLAK, 34398 ISTANBUL, TURKEY
Tel:
Work +90 212 366 4700
Fax:
Fax +90 212 290 2355
Email:
Web:
www.paksoy.av.tr

Turkey

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

Paksoy

Paksoy’s capital markets team is led by Ömer Çollak, who has expertise in Eurobond offerings and Islamic finance debt offerings, including sukuk. He recently acted for Goldman Sachs, Morgan Stanley, and Finansinvest as underwriters on a proposed secondary public offering of Finansbank. Banking and finance practice head Sera Somay advised UniCredit, as local counsel, on a cross-border €120m facility granted to Luxembourg Investment Company 43 and OnlinePizza Norden, two affiliates of online food delivery service Delivery Hero.

Leading individuals

Togan Turan - Paksoy

Ömer Çollak - Paksoy

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Paksoy

Paksoy acts for clients such as BAE Systems, Symantec, MetLife and Comdata; Togan Turan advised the latter on all aspects of its acquisition of Win Bilgi İletişim Hizmetleri, a call centre services provider in Turkey. In another highlight, Sera Somay assisted Migros Ticaret with its acquisition of Tesco Kipa from Tesco Overseas Investments, handling due diligence and the drafting and negotiation of the share purchase agreement. Elvan Aziz advises sellers, strategic buyers and private equity clients in M&A matters, and Stephanie Beghe Sönmez is also highly regarded.

Leading individuals

Elvan Aziz - Paksoy

Serdar Paksoy - Paksoy

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Competition
Competition - ranked: tier 3

Paksoy

Paksoy’s competition team is ‘highly professional, responsive and service-oriented’. Practice head Togan Turan advised Kuehne + Nagel on an investigation by the Turkish Competition Authority into an alleged price-fixing agreement by cargo block-train operators. Counsel Derya Genç is also recommended.

Leading individuals

Togan Turan - Paksoy

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Dispute resolution
Dispute resolution - ranked: tier 2

Paksoy

Paksoy’s experience includes litigation and arbitration pertaining to IP, construction projects and product liability. Serdar Paksoy and Gökhan Bozkurt are the practice heads. Paksoy handles arbitration proceedings and litigation arising from corporate disputes, while Bozkurt is active before national courts in unfair competition, employment, bankruptcy, insolvency and product liability matters. The team is representing Volkswagen in civil litigation before Turkish courts and in investigations and proceedings by regulatory agencies pertaining to the use of defective emissions devices.

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Employment
Employment - ranked: tier 3

Paksoy

Paksoy's practice head Elvan Aziz handles a broad range of work including contractual matters, collective bargaining and terminations. The dispute resolution team assists on contentious matters. BAE Systems and Bekaert are recent clients.

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Energy
Energy - ranked: tier 2

Paksoy

At Paksoy, Zeynel Tunç’s recent highlights cover natural gas, where he advised Mitsubishi Heavy Industries on an acquisition of shares in a project company, renewable energy, having acted for Borusan ENBW in its contractual negotiations relating to a geothermal project, and coal, among others.

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Project finance/projects
Project finance/projects - ranked: tier 1

Paksoy

Paksoy’s team head Zeynel Tunç focuses on project finance and advises developers, sponsors, and creditors in the energy sector. Aslı Kehale Altunyuva advises clients on energy purchase agreements, EPC contracts, O&M contracts and other project-related agreements. Clients include Gestamp Renewables, Mitsubishi Heavy Industries and Polat Enerji.

Leading individuals

Togan Turan - Paksoy

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Real estate and construction
Real estate and construction - ranked: tier 3

Paksoy

Paksoy’s practice head Elvan Aziz regularly handles transactional matters such as advising a Dubai-based investor on structuring a hospitality-related investment. Zeynel Tunçis the key contact for construction issues.

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 1

Paksoy

Şansal Erbacıoğlu heads the tax and fiscal services team at Paksoy, which also includes Stéphanie Beghe Sönmez, who advises on corporate restructuring for foreign and Turkish corporations and investors. Tax specialist Ertuğrul Acar is also active in this area. Other clients include the EBRD, PSP Investments and Vodafone.

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Tax
Tax - ranked: tier 2

Paksoy

Paksoy advised Japanese beverage company DyDo Drinco on tax matters related to the acquisition, from Yildiz Holding, of nearly all shares in Della Gıda, Bahar Su and İlk Mevsim Meyve Suları, which operate in the beverage sector. Şansal Erbacıoğlu is recommended.

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Further information on Paksoy

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

Turkey

Offices in Istanbul

Legal Developments by:
Paksoy

  • SQUEEZE-OUT RIGHT IN PUBLIC COMPANIES -- TURKEY

    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

Legal Developments in Turkey

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