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CITLENBIK SOKAK NO: 12, YILDIZ MAH, BESIKTAS, 34349 ISTANBUL, TURKEY
Tel:
Work +90 212 327 1724
Fax:
Fax +90 212 327 1725
Email:
Web:
www.elig.com

S Tunç LOKMANHEKIM

Tel:
Work +90 212 327 1724
Email:
ELIG, Attorneys-at-Law

Work Department

Founding partner and senior partner; head of the corporate/M&A and commercial law departments.

Position

Partner dealing with all areas of corporate law and mergers and acquisitions; together with banking and finance, securities, dispute resolution and arbitration, and real estate.

Career

Mr Tunç Lokmanhekim is a founding partner and the senior partner of ELIG, Attorneys-at-Law, and head of the corporate / M&A and commercial law departments at ELIG. Mr Lokmanhekim has advised a variety of parties in numerous and complex M&A transactions over the years, from financial investors in private equity investments to real person sellers. Mr Lokmanhekim also advises (lenders or borrowers) in financing transactions. Mr Lokmanhekim graduated from the Istanbul University School of Law in 1996 and is a member of the Istanbul Bar Association. Prior to founding ELIG, Attorneys-at-Law in 2005, Mr Lokmanhekim worked as an attorney in the Istanbul offices of prominent international and local law firms. He is the author of a numerous international M&A articles and co-authored a book on the subject entitled ‘M&A Transactions Under Turkish Law’.

Languages

English.

Member

Istanbul Bar Association (1998).


Turkey

Commercial, corporate and M&A

Within: Commercial, corporate and M&A

ELIG, Attorneys-at-Law provides ‘excellent support, particularly in terms of response times, appropriateness of advice and depth of the team’. The firm’s sector expertise spans the retail, manufacturing and machinery, education and digital media industries, among others. New client wins include Pandora and Hutchinson. Nazlı Nil Yukaruç, who was promoted to partner in 2015, is ‘responsive and always keen to help’. Senior partner Tunç Lokmanhekim, Gönenç Gürkaynak and Kemal Korhan Yıldırım have ‘excellent knowledge and communication skills’.

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Dispute resolution

Within: Dispute resolution

ELIG, Attorneys-at-Law’s team acts for clients including Google, 3M, and L’Oréal. Gönenç Gürkaynak is ‘talented and experienced’ and ‘creates well-rounded claims and defence strategies’; Tunç Lokmanhekim provides ‘a premium service to international corporations’; and counsel Ceyda Karaoğlan Nalçacı is also recommended.

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Legal Developments in Turkey

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

    The Industrial Property Law abrogating the patchwork of decrees that governed intellectual and industrial property rights has been published in the Official Gazette and entered into force on January 10, 2017.
  • Privatization of Domestic Coal-Fired Power Plants in Turkey

    The privatization tender of Çayırhan-2 coal reserve area and the construction of a coal-fired power plant project (“Çayırhan-2 Project ”) was concluded on February 6, 2017, which has been the first of the new wave of privatization of coal reserves and construction of lignite coal-fired power plants in Turkey in line with the recent incentives regarding utilization of domestic coal reserves for electricity generation. This client alert outlines the main novelties in relation to this new wave of lignite-fired power plant tenders, which is expected to continue with several other privatizations in 2017 as explained below.
  • Important Changes to the Electricity Market Licensing Regulation

    On February 24, 2017, the Energy Market Regulatory Authority (“EMRA ”) published a Regulation (“Amending Regulation ”) containing important changes to the Electricity Market Licensing Regulation (“Licensing Regulation ”), including the removal of the share transfer restriction at the pre-license period for transfers to foreign companies and foreign-capital companies, and changes related to the Renewable Energy Resource Areas (“YEKA ”). Highlights of major changes are as follows:
  • The New ICC Arbitration Rules

    As of 1 March 2017, the new Arbitration Rules of the International Chamber of Commerce (“New ICC Rules ”) have come into effect and superseded the former version of the ICC arbitration rules, which have been in effect since 2012.
  • Novelties Introduced by the Movable Pledge Law

    As of January 1, 2017, Law No. 6750 on Pledge over Movable Assets in Commercial Transactions ("Movable Pledge Law"), which was enacted on October 20, 2016, entered into force and abolished Law No.1447 on Commercial Enterprise Pledge ("Commercial Enterprise Pledge Law"). The Movable Pledge Law introduces significant changes and offers more practical methods for establishing pledge over movable assets as explained below.
  • Determination of Injury in Anti-Dumping Investigations: Turkey’s Side of the Story

    I - Introduction
  • Turkish Health PPP Projects

    The Turkish health sector has undergone major reforms over the past ten years as part of the health transformation program. The most important pillar of such program has been the development of public-private partnership (“PPP ”) model health campus projects. More than twenty health campus projects with an investment amount of more than € 10 billion have been developed through PPP model in Turkey. They are currently at different stages ranging from tendering to operation, and more than ten health PPP projects are still in the pipeline.
  • Infrastructure REIC: An Alternative Source of Funding for Infrastructure Projects

    With the start of operation in certain BOT and other PPP model infrastructure projects in Turkey, refinancing alternatives have become more attractive and diversified. Capital market instruments and institutions are likely to have a greater share in the refinancings of projects which have become operational and the construction risks have been removed. Over the last few years, the use of capital market instruments in the infrastructure financings have gained a new impetus with the introduction of various incentives and financing solutions in this aspect. Most recently, the removal of the 1/3 and 1/5 bond issuance limits for healthcare PPP projects on 18 February 2017 represented an important step towards incentivizing the use of bonds in the healthcare sector. In line with this overall strategy, the government has also adopted various measures to make the Real Estate Investment Companies (“REICs ”) more attractive for the financing/refinancing of infrastructure projects such as BOT, BLT and other PPP projects.
  • Ankara-Niğde Highway Project

    Tender process for 330 km Ankara-Niğde Highway Project has been launched by the General Directorate of Highways upon publication of the tender announcement in the Official Gazette on December 30, 2016.
  • Establishment of the Natural Gas Spot Market in Turkey

    In line with the government’s objectives to make Turkey a regional hub for natural gas trading, a natural gas spot market has been established by the Natural Gas Organized Wholesale Market Regulation published in the Official Gazette on 31 March 2017.