The Legal 500

MECLISI MEBUSAN CADDESI, NO.39 SALIPAZARI, 34427 ISTANBUL, TURKEY
Tel:
Work +90 212 249 8383
Fax:
Fax +90 212 249 8317
Web:
www.aksan.av.tr
Email:

Turkey

Recommendations


Turkey

Within Corporate and M&A, tier 4

Aksan Law Firm recently advised on a cross-border merger involving a medical devices manufacturer. The firm also provides general corporate advice. Mehmet Taş and Nail Gönenli are recommended.

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Within Dispute resolution, tier 4

Aksan Law Firm specialises in commercial disputes. Recent mandates include real estate and corporate litigation cases. Sevgi Toluay heads the team, which includes Muhammet Aksan and Nail Gönenli.

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Within Intellectual property, Aksan Law Firm is a third tier firm,

Aksan Law Firm advises clients on their IP portfolios, and assists with contentious and non-contentious matters. Since publication, Özlem Özgür Arslan has joined Kinstellar Danismanlik Hizmetleri Avukatlik Ortakligi.

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Within Privatisation, Aksan Law Firm is a third tier firm,

Muhammet Aksan and Mehmet Taş are the key names at Aksan Law Firm, which recently assisted the TPA with a number of energy sector privatisations, undertaking due diligence as well as other pre- and post-privatisation work.

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Further information on Aksan Law Firm

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Turkey

Offices in Istanbul

Legal Developments by:
Aksan Law Firm

Legal Developments in Turkey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • How Can Turkish Banking Cope with the Changing Global Banking Dynamics?

    2008 global economic meltdown had served as an important wake up call for the global banking industry. The complicated web of interrelated financial instruments created by investment banking gurus, accompanied by a lax regulatory regime came to create one of the biggest financial disasters after the Great Depression and itself termed by many as the Great Recession costing millions of people their savings, jobs and houses.
  • American Defense Industry: Does the Legal Regime Hamstring the Business?

    The United States is still by far the leading country in defense spending, allocating a sizable portion of its GDP to produce cutting edge military technologies. However recent reports indicate a decline in American exports in military hardware. There are not only reports that point to an under-funding of procurement around USD$ 50 billion on an annual basis but also a general complaint on the part of the key players of the industry regarding the restrictive export regime that impedes the sale of military equipment to the non-American parties.
  • TTIP: The Issue of Investor to State Dispute Settlements

    The benefits that will the TTIP bring in to the table for both of the signatories across the Atlantic are well documented by the Atlantic Community. Generation of a volume trade that amounts a USD$ 1.2 billion and the expansion of the already existing transatlantic trade accompanied by the removal of non-tariff barriers as well as cheaper prices for the consumers and common standards for the producers that would give a leeway for them in fierce global competition by declining production costs. However the other side of the coin points to possible pitfalls for the TTIP like a requirement for a painstaking process of harmonization of two different legal systems and possible discords regarding the inclusion and exclusion of some specific sectors in to the agreement. However one of those prospective challenges has increasingly coming to the fore and lately being discussed among the pundits as one of the most troublesome among the others. This is the point concerning the investor to state dispute settlements ( ISDS )
  • 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 IN TURKEY

    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.
  • TAXATION OF CONSTRUCTION WORKS

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