The Legal 500

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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. Özlem Özgür Arslan is ‘prompt and commercial’.

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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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Offices in Istanbul

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Aksan Law Firm

Legal Developments in Turkey

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    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

  • 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