Foreign firms in Turkey

Baker McKenzie LLP

Baker McKenzie LLP has a strong profile in Turkey via its affiliate firm Esin Attorney Partnership, Member of Baker & McKenzie International , which performs strongly across a wide variety of practice areas, including banking and finance, corporate and M&A, dispute resolution, capital markets, tax and competition. The firm regularly acts for major international clients on complex cross-border mandates, and in the past year has played a key role in legal tech advancements, both within the firm and in the wider market. Key names include litigators Ismail Esin and Yalın Akmenek, the latter of whom joined from GKC Partners (in professional association with White & Case) in 2020, corporate and private equity specialist Eren Kurşun, and tax advisor Erdal Ekinci.

Practice head(s):

İsmail Esin; Eren Kurşun; Erdal Ekinci; Yalın Akmenek

Key clients

PEAK

Turkish Military Pension Fund (OYAK)

Turkey Wealth Fund

Varian Medical Systems

Akzo Nobel Coatings International

Worthington Industries

Franklin Templeton Investment Management

Marubeni Corporation

Koç Holding

ICA IC İÇTAŞ ASTALDİ

Sabancı Holding

Enechange

Work highlights

  • Advised Peak and all of its shareholders on the $1.8bn acquisition by Zynga.
  • Advised IC Holding on the sale of a majority stake in Üçüncü Boğaz Köprüsü v to a Chinese consortium.
  • Advised Hitachi on the acquisition of sole control of ABB.

GKC Partners (in professional association with White & Case)

White & Case LLP has a longstanding and productive presence in Turkey, with its subsidiary GKC Partners (in professional association with White & Case) highly active in the banking, finance and project financing, energy, and M&A spaces. The firm's English law practitioners work closely with Turkish counsel on major domestic and cross-border deals, and are particularly strong on the lender side. Laura Sizemore, who heads the firm's EMEA capital markets practice, divides her time between London and Istanbul, handling notable debt issuances, while Sebastian Buss plays a key role in banking projects work.

Practice head(s):

Sebastian Buss

Other key lawyers:

Laura Sizemore

Testimonials

‘The team acted in full partnership with us, and provided their guidance almost as an in-house department. ’

‘Very responsive, punctual and collaborative – the firm always has ‘Plan B’ solutions that enable projects to run smoothly.’

Key clients

Sisal

Zynga

Gama Holding; Gama Enerji

Denizbank

T.C. Ziraat Bankası

Cengiz İnşaat

Limak İnşaat

Kolin Inşaat Turizm

Kalyon Inşaat

RSY

Pak

International Finance Corporation

Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden

European Bank for Reconstruction and Development

ESAS Holding

UniCredit Bank

Alfardan Gayrimenkul

InfraMed

Sponsors

Work highlights

  • Advised Zynga on its $1.8bn acquisition of Peak Games.
  • Advised Sisal on its successful bid for the 10-year operation of the Turkish state lottery, Milli Piyango, whose license holder is the Turkey Wealth Fund.
  • Advised the project sponsors in connection with the additional financing of the design, construction, operation, maintenance, repair and transfer of the Kınalı-Odayeri and Kurtköy-Akyazı sections (including access roads) of the Northern Marmara Motorway Project in Turkey.

Clifford Chance

Clifford Chance has a strong reputation for corporate, M&A, banking, and finance matters through its Turkey subsidiary CIFTCI Law Firm, which advises a number of international corporates, banks, and financial institutions. Key players in the team include M&A head Itır Çiftçi and banking leader Sait Eryilmaz.

Practice head(s):

Itır Çiftçi; Sait Eryılmaz

Dentons

Dentons' Istanbul base serves as a hub for cross-border work across Eastern Europe, the CIS, and Africa. The firm is partnered with full-service Turkish firm Balcioglu Selçuk Ardiyok Keki, and works with foreign investors into Turkey, as well as Turkish companies involved in international projects and investments, with clients including private equity investors, bluechip corporates, and multinational oil and gas companies. Three English-qualified partners work out of Istanbul, with Tamsyn Mileham handling banking and finance work, European transport and infrastructure head Ian McGrath focusing on energy and project finance matters, and Nadia Cansun advising on cross-border M&A.

Practice head(s):

Tamsyn Mileham; Ian McGrath; Nadia Cansun

Testimonials

‘The team is friendly, helpful and practical. ’

‘Tamsyn Mileham is friendly, helpful and practical.’

‘Ian McGrath is quick, efficient and gets the job done. ’

‘The team has extensive M&A experience in the region. Top quality English law advice and documentation.’

‘Nadia Cansun has extensive experience in both private practice and in-house roles. This brings real commercial understanding to the transactions.’

Key clients

Energo-Pro

ICBC

Aksa Energy

PowerChina

Türkiye Iş Bankasi

IC Ictas/İçtaş Sürdürülebilir Enerji Yatırımları

Proparco

Yildirim

Karadeniz Holding

Koc Holding

Work highlights

  • Advised ENERGO-PRO on securing €175m in financing for the development, construction and operation of the Alpaslan II dam and hydro power plant in Turkey.
  • Advised on the $74m financing of Borusan EnbW’s investment in the expansion of Kiyikoy WPP, through its subsidiary, Alenka.
  • Advising Aksa Energy on a 240 MW Tashkent Gas-fired IPP in Uzbekistan.

Allen & Overy LLP

Allen & Overy LLP's strengths in the Turkish market lie in project finance and bank lending work. Its Turkish affiliate Gedik Eraksoy Avukatlik Ortakligi has a top-tier banking practice, and regularly acts for international banks and financial institutions on high-value and complex loan facilities including innovative ESG-backed loans, project financing transactions, and restructurings. Joe Clinton heads up the firm's English law capability, and works with offices across the region and globally.

Practice head(s):

Joe Clinton

Key clients

Bank of America London

The Commercial Bank

The European Bank for Reconstruction & Development

International Finance Corporation

Yapi ve Kredi Bankasi

MUFG Securities EMEA

Work highlights

  • Acting for MUFG in relation to a loan and bond issue to finance a hydroelectric power plant.
  • Advising Acibadem on the refinancing of a $500m unsecured syndicated facility.
  • Acting for EBRD, AIIB, BSTDB, Isbank and TSKB as lenders under a $350m new financing to cover financing and refinancing of the Efe 6, 7 and 8 geothermal power plants in the Aydin/Germencik region.

Gide Loyrette Nouel

Leading French firm Gide Loyrette Nouel handles both cross-border and domestic work in Turkey, with foreign-qualified partners such as Bülent Özdirekcan and Arpat Şenocak handling mandates originating in France, Switzerland, and across Asia and Africa, while the firm's Turkish subsidiary Özdirekcan Dündar Senocak Attorney Partnership assists domestic clients with transactions, restructurings, intellectual property issues and disputes, particularly in the insurance sector. Key partners for domestic work include Ali Osman Ak, who advises on corporate and employment issues, and Esra Dündar Loiseau, an IP specialist.

Practice head(s):

Bulent Ozdirekcan; Arpat Şenocak; Ali Osman Ak; Esra Dündar Loiseau

Key clients

Agence Française de Développement

Ak Gıda

Akdeniz Turistik Tesisler

ALD Automotive Turkey

ALD International

Air Liquide

Alchem Europe

Allflex

Algontech

Altilis

AXA Hayat ve Emeklilik

AXA Sigorta

BNP Paribas Cardif

BNP Paribas Cardif Sigorta

BNP Paribas Cardif Emeklilik

BNP Paribas

Bo-Er

BPF Acentelik

BTA Havalimanları

Ca Technologies Yazılım

Cepas Galvaniz Demir Celik

Christian Dior

Clarins

Club Méditerranée

Colina

Crédit Agricole Ukraine

Deka

Eker Süt Ürünleri Gıda

Electronics for Imaging

Euler Hermes Sigorta

Euler Hermes (Italy)

Euralis

Ficosa

Gaptek

GCL Factoring France

Global Enerji

Gestamp North Europe Services

Groupama Sigorta

Groupama Emeklilik

Groupama Assurances Mutuelles

Group Atlantic

Helvetia Swiss Insurance Company Limited

H & M

Jardine Lloyd Thompson Group plc

Joom

JUUL LABS INC.

Koop Hub

KYU (Hakuhodo DY Holding)

Lactalis Group

LANCOME PARFUMS BEAUTE & CIE

Levi Strauss Co

Lombard Odier

Loyens & Loeff

LVMH

Maisto E Associeti

MDS AP Tech Yazılım Ürünleri ve Bilişim Hizmetleri Ticaret Ltd. Şti.

Midis Group

NN Hayat ve Emeklilik A.S.

Novacel

Renault

Orange Sigorta Aracılık Hizmetleri A.S.

PJSC Rosbank

Reinsurance Group of America

Renault

Saint Gobain

SG Hambros

Skandinavska Enskilda Banken

Société Générale Milano

Şen-Er Boya Kimya

Sodrugestvo

Schindler

SUPERDRY- DKH RETAIL LIMITED

Taiyuan Iron & Steel (Group) Company Limited

TEB Portföy

Thermo Fisher Scientific

Union Bancaire Privée

Vilmorin

Volvo Group Otomotiv Tic. Ltd. Şti

Volvo Trucks AB

Yakamoz Yağ Sanayi ve Ticaret A.Ş.

Yves Rocher

Work highlights

  • Advised Believe International on setting up a joint venture with Turkish Dogan Group through Dogan Music Company.
  • Advised Société Générale Milano in connection with a Turkish defense project financing.
  • Advised BNP Paribas Cardif on the conclusion of a highly complex and long-term bancassurance agreement with Turkish TEB Bank.

Norton Rose Fulbright

Norton Rose Fulbright combines domestic banking, M&A, and disputes advice through its subsidiary İnal Kama Attorney Partnership, offering strong cross-border capabilities through Turkey desks in the international firm's UK, US, Dubai and France offices. The team handles both inbound and outbound work, including cross-border transactions, banking and finance deals, including Islamic finance, and projects work. Ayşe Yüksel Mahfoud oversees the firm's international work in Turkey.

Practice head(s):

Ayşe Yüksel Mahfoud

Testimonials

‘Ayse Yuksel Mahfoud makes it very easy for us to find the right person in the firm. You always feel that your contact person is monitoring the teams on behalf of you.’

Key clients

Bank Audi

International Finance Corporation

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden

Chesser Resources

I-Pulse Oil & Gas

Turkish Airlines

Avesoro

Cronus Chemicals

HSBC Bank

European Bank for Reconstruction and Development

PROPARCO

Work highlights

  • Advised gold miner Avesoro Jersey on the successful acquisition of all of the issued and outstanding common shares of Avesoro Resources Inc by way of a takeover bid and subsequent compulsory acquisition.
  • Advising the Asian Development Bank on multiple financings for over $2.5bn in connection with the Southern Corridor Gas project.
  • Advised the European Bank for Reconstruction and Development in relation to its Trade Facilitation Programme, which involves documentation with numerous banks in each of EBRD’s 38 countries of operation including Turkey.

Türkoğlu & Çelepçi in cooperation with Schoenherr

Türkoğlu & Çelepçi in cooperation with Schoenherr is active across a number of practice areas, and is particularly noted in Turkey for its real estate expertise, handling bank financing and corporate matters for real estate transactions. The firm has strong cross-border connections and regularly acts for international clients in Turkey. Levent Çelepçi is a key name.