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Turkey > Legal Developments > Law firm and leading lawyer rankings

Editorial

Transfer of Türk Telekom Shares owned by OTAS is completed

Within the scope of the restructuring of the loans obtained by Ojer Telekomünikasyon A.Ş. (OTAŞ) in 2013 and 2014, the transfer of the shares owned by OTAŞ, representing 55% of Türk Telekomünikasyon A.Ş.’s (Türk Telekom) issued share capital by a special purpose vehicle  incorporated directly or indirectly by the creditors was completed on 21st of December, 2018.

Erdem & Erdem partook in the transaction as the advisor of the Coordination Committee that was appointed by the lenders and whose members were chosen among the lenders with respect to the restructuring process and approvals required to be obtained within this period. Erdem & Erdem is proud to represent the majority of the banks granting loan in this process.

As legal advisor to many restructuring projects recently, Erdem & Erdem team successfully managed the whole process.