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19 MAYIS CAD. DR. ISMET Ă–ZTĂśRK SOK. ELIT RESIDENCE, KAT:4 DAIRE:12 ĹžIĹžLI, 34360 ISTANBUL, TURKEY
Tel:
Work +90 212 380 0640
Fax:
Fax +90 212 217 1890
Email:
Web:
www.nazali.av.tr

Ersin Nazalı, Nazalı Attorney Partnership

Managing Partner Ersin Nazalı explains how the firm is adapting to clients’ changing needs

What do you see as the main points that differentiate [law firm name] from your competitors?

The main difference of NAZALI is that NAZALI does not only provide regular legal services but also provides services in the fields of tax law, social security and customs through its partners and employees experienced in both public and private sector. In this respect, our firm offers tax, social security and labor law, customs and foreign trade, general legal services, accounting, fraud risk management and internal systems services to the clients.

In addition to this, the main aim of NAZALI is to offer the best solution to its client before disputes occur. Accordingly, we also offer dispute preventing and risk eliminating services.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Both Corporate and Tax Law have always been one of the most important fields for Turkish Law practice up to present. Once companies are formed, these fields also proceed to became essential for them. Nowadays, especially company restructurings and public offerings became widespread due to market competition as an outcome of today’s economy and changing economic conditions. Besides that, tax law is also a cost element as a requirement of commercial activity.

In respect of corporate law, restructuring (merger-demerger) is a profitable and useful method, considering the exemption clauses regulated under relevant tax laws. However, restructuring processes may lead to extremely risky results unless are performed in accordance with tax and commercial regulations. Our strong and experienced team performs restructuring transactions in an accurate and efficient manner under single roof since they are complex transactions having both legal and accounting-tax aspects. Besides this, we believe that, 2018 will be a bright year for public offerings in Turkey. Most of the medium and large scale Turkish companies are willing to offer their shares to public in order to finance their operations. We provide services for our clients regarding public offerings with our experienced lawyers who have previously served as experts at the Capital Markets Board of Turkey.

On the other hand, in respect of tax law, either local companies or international companies are always in a need of conformity with the Turkish Tax Legislation. In this regard, NAZALI with its experienced team consisting of sworn and certified public accountants, consultants as well as attorneys provides a different and complete service to clients to compliance with tax law and local tax regime. Our services cover not only compliance with tax law and regime but also resolution of disputes arising from tax penalties on litigation. Due to acts listed under Article 359 of the Tax Procedural Law, litigations arising from Tax Penalties are the most common problem for majority of the companies.

What's the main change you've made in the firm that will benefit clients?

First of all, we are very attentive to give precise and quick responses to our clients when they e-mail us. This speciality is really appreciated by our clients. NAZALI’s website called “Vergi Ajandası” (Tax Agenda) is the other most beneficial speciality appreciated by our clients as we inform/update them with articles and circulars regarding legislative amendments and important topics through this website and by sending e-mails.

Besides that, clients can have complex problems which leads to various legal areas and accordingly we are capable of finding the best suitable solution for them by virtue of interdepartmental communication. For foreign investments and international structuring, we can also consult to our colleagues (business partners) abroad before taking up a position for problems (thanks to our international structuring).

In addition to these services, we also provide trainings for our clients. Up until now, we have held several seminars and conferences in order to inform our clients regarding especially social security, custom and R&D incentives.  

We also would like to highlight that, both our tax partner Ersin Nazalı and corporate & capital markets partner Semih Metin had played active roles in preparation of certain legislations such as Tax Regulations, Capital Markets Law and its Secondary Legislation during their previous duty at Tax Inspection Board and Capital Markets Board. So, thanks to our partners’ previous public careers, NAZALI tries to keep in contact with government agencies and authorities (such as Capital Markets Board of Turkey, Banking Regulation and Supervision Agency, Tax&Revenue Administration, Social Security Institution, Customs Authority)) in order to have a better understanding and interpretation of legislation and public authorities’ rulings. By this mean, we offer a comprehensive and effective service from every perspective and response our client’s request.

Is technology changing the way you interact with your clients, and the services you can provide them?

We inform our clients and the other followers regarding legislative amendments and the most important topics with the updated circulars and the articles via Vergi Ajandası (above mentioned website). We also announce our trainings and conferences through Vergi Ajandası and our website as well. Besides, we publish a quarterly journal named “Nazalı Gündem” which consist of several legal articles written by our attorneys, consultants and sworn-in certified public accountants. These two channels are the best examples on interaction of technology by NAZALI.

Can you give us a practical example of how you have helped a client to add value to their business?

In our previous experiences, we have provided legal advice on tax efficient local and international restructuring for our Holding-Group companies which enabled them to play active role in international market. Also, we prepared family constitutions and accordingly shareholder agreements for Institutionalization of family companies that have an important place in the economy both in Turkey and abroad.  These constitutions aim to preserve the stability of family companies and in the course of transition between generations who take part in Family business.

Further, we have provided legal advice to conduct initial public offering due to clients’ need of capital to finance their investments and gain reputation and recognition in Turkish market.

Our fraud risk management and internal systems department aims to give professional support to our clients’ boards of directors relating to their operational responsibilities as the most important aim for a company is to obtain the most efficient results with limited resources and with gradually increasing performance.

Last but not the least, we work with the prestigious Turkish Companies with regard to their Social Security incentive needs and offer best solutions regarding their problem before Social Security Authority as frequent changes in Social Security Legislation (especially on incentives) requires expertise in terms of follow-up and compliance.

Are clients looking for stability and strategic direction from their law firms - where do you see the firm in three years’ time?

Our fast but controlled growth in a short time (3 years) is the best indicator of our stability. The primary reason of this growth is the respect that we show to our colleagues’ professional and individual rights. In NAZALI, there is no place for abuse of employee rights; even on the contrary, we work as a team with a constant connection. Also, we provide chance for them to have a master degree or participation in national and international seminars to improve themselves. In this way, we can provide the best solutions to our clients by conducting motivated and effective business with pleased colleagues.

In the near future, we aim to proceed to our growth in the same way with our national and international clients. In parallel with this growth, we are willing to increase the number of colleagues from 80 to 100 in order to respond the requirements of the clients properly.

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