Foreign firms in Turkey

Baker McKenzie LLP

Baker McKenzie LLP‘s presence in Turkey, through its local affiliate firm Esin Attorney Partnership, a Member of Baker McKenzie International, is strong across a range of practice areas; the firm is a regular fixture in major capital markets deals, key financing transactions, disputes in various sectors, and in assisting international companies with compliance in tax and competition law. Its major clients include international investment groups and infrastructure project development has been an area of recent growth for the firm, reflecting the wider Turkish market. Litigators İsmail Esin and Yalın Akmenek are among the standout figures, along with M&A and private equity leader Eren Kurşun, tax specialist Erdal Ekinci, and banking and finance practice head Muhsin Keskin.

Practice head(s):

İsmail Esin; Eren Kurşun; Erdal Ekinci; Yalın Akmenek; Muhsin Keskin

Key clients


Turkish Military Pension Fund (OYAK)

Worthington Industries

Franklin Templeton Investment Management


Koç Holding

Sabancı Holding



Paragon Partners

NH Foods

Walgreens Boots Alliance

Österreichische Post

Cargill Tarım ve Gıda

Index Ventures X (Jersey)

Kraft Heinz Company

Whirlpool EMEA

Kamco Invest

Work highlights

  • Advised Index Ventures on its $155m series A and B investments into Dream Games, valuing the business at $1bn.
  • Assisted Walgreens Boots Alliance with the carve out and disposal of its pharmaceutical wholesale business, Alliance Healthcare, to AmerisourceBergen Corporation for approximately $6.5bn.
  • Advised Akbank on the issuance of its ESG-linked $500m fixed resettable sustainability tier 2 notes due 2031.

GKC Partners (in professional association with White & Case)

White & Case LLP is one of the most established foreign firms in Turkey through its subsidiary GKC Partners (in professional association with White & Case), with heavyweight offerings in corporate and finance law. Its client roster is particularly impressive in the banking and investment spaces, and tech sector M&A has also been a recent area of note for the firm. English-qualified partner Sebastian Buss is a key name in the financing sphere; he has deep experience in transactions across energy and infrastructure and has advised on key healthcare PPP projects.

Practice head(s):

Sebastian Buss

Key clients

Borusan Holding


QNB Finansbank

Türkiye Sınai Kalkınma Bankası

Türkiye İş Bankası

ICBC Turkey Yatırım Menkul Değerler

Industrial and Commercial Bank of China

China Construction Bank

Türkiye Vakıflar Bankası.

T.C. Zirrat Bankası

Halk Banka Skopje

Yapı Kredi Bank Nederland

Halkbank Beograd

Demir-Halk Bank (Nederland)

ICBC Turkey

Ülker Bisküvi Sanayi

Zorlu Yenilenebilir Enerji (Zorlu Renewables)


Firmenich International


Türkiye Garanti Bankası


Work highlights

  • Advised Borusan Holding on its borrowing of a dual-tranche $155m and €87m syndicated loan from an international and domestic consortium of 11 banks.
  • Advised the group of lenders on the restructuring of the existing debt of İdo İstanbul Deniz Otobüsleri.
  • Advised on its $780m IPO (including a greenshoe option) on Nasdaq.

Allen & Overy LLP

Allen & Overy LLP‘s noted strength in banking and finance matters is brought to bear in its Turkish practice, with three English-qualified lawyers based in Istanbul working alongside local affiliate firm Gedik & Eraksoy to assist international banks and financial institutions with innovative ESG-backed loans, high-value project financing transactions and complex restructurings. Adam Fadian leads the English law team and has extensive expertise in restructuring. He is supported in Istanbul by senior associate Sarah Yeowart and associate Sean Tobin, who joined the firm from William Fry in Dublin in May 2021.

Practice head(s):

Adam Fadian

Other key lawyers:

Sarah Yeowart; Sean Tobin

Key clients

Koc Holding

Standard Chartered Bank

Bank of America Merrill Lynch

MUFG Securities EMEA

Yapi ve Kredi Bankasi

The European Bank for Reconstruction and Development (EBRD)

Garanti Bank

The International Finance Corporation (IFC)




ICBC Turkey Yatırım Menkul Değerler


Credit Europe Bank

UniCredit Bank

BNY Mellon

Trans Adriatic Pipeline

Turkiye Is Bankasi



JP Morgan Securities

Work highlights

  • Advised Bank of America and Standard Chartered Bank, as arrangers and sustainability coordinators, in connection with an ESG-linked syndicated dual-tranche and dual-currency loan facility for Turkish financial services company Garanti BBVA.
  • Advised Yapi Kredi, as the borrower, on a dual-currency ($351m and €501.15m) facility from a syndicate of 43 international banks.
  • Advising Dubai-listed contracting and engineering business Drake & Scull International on its $1.4bn debt restructuring.


Dentons‘ Istanbul team works in conjunction with affiliated domestic firm Balcioglu Selçuk Ardiyok Keki to assist with cross-border transactions in and out of Turkey. Energy and infrastructure projects are a major area of focus and the firm’s clients in this space range from conventional and renewable power companies to project developers, foreign investors, financial institutions and construction companies. The team also has wider experience acting for investors into Turkey and recently has been particularly active in sustainable financing matters. Tamsyn Mileham handles banking and finance matters, while Ian McGrath heads the firm’s Europe transportation and infrastructure group. Nadia Cansun is a key contact for cross-border M&A and other corporate law matters.

Practice head(s):

Tamsyn Mileham; Ian McGrath; Nadia Cansun


‘The team is an English law team led out of Istanbul by English lawyers. This is unique in the market in that the firm offers quality English law advice from people who live and work in the relevant jurisdiction and have done so for the majority of their careers. There is a cultural fit and understanding which goes hand in hand with the ability to deliver quality advice.’

‘I have worked personally with Nadia Cansun for many years. She understands the way in which I do business and what I need from counsel. She is available, responsive and commercially minded. She has exceptional experience of running transactions and, having been in house, understands what is required from the inside. She just gets it. She has the ability and experience that comes with living and working in different jurisdictions and an agile approach to getting things done. She is quick to establish a rapport with other professionals so that things move smoothly – she has the can-do attitude that you need in a transactional lawyer.’

‘We were provided with solution-oriented, timely and effective advice. One of the firm’s key capabilities is that they understand the commercial concerns behind the client’s request and analyse the case while keeping these concerns in mind, providing alternative scenarios.’

‘Ian McGrath took a comprehensive approach to the case and advised us on specific actions and steps to be taken in order to mitigate risk. As a partner, he is reachable, responsible and on top of the matter at all times.’

Key clients

İçtaş Sürdürülebilir Enerji Yatırımları




Aksa Energy

Green for Growth Fund


Work highlights

  • Advising Turkish energy company Karadeniz Holding on its Powership project, a fleet of floating power plants.
  • Advising Aksa Energy on three major power projects in Uzbekistan.
  • Assisting the EBRD with its arrangement of green loan facilities of €650m to finance next generation all-electric commercial vehicles.

Özdirekcan Dündar Şenocak Ak

Özdirekcan Dündar Şenocak Ak  has grown its client base both domestically and for foreign inbound transactions in Turkey, with particular strengths in intellectual property, competition and insurance matters. Bülent Özdirekcan and Arpat Şenocak, who are qualified in France and Switzerland, respectively, lead the cross-border practice and are partners of Gide’s affiliated local firm Özdirekcan Dündar Senocak Attorney Partnership. Further key contacts include employment law expert Ali Osman Ak and IP practice head Esra Dündar Loiseau.


‘Reliable and business oriented.’

‘Arpat Şenocak has a get-things-done spirit and is very involved in the project. In addition, he is perfectly fluent in English and French which is a true asset.’

Key clients

Agence Française de Développement

Ak Gıda

Akdeniz Turistik Tesisler

ALD Automotive Turkey

ALD International

Air Liquide

Alchem Europe



AXA Hayat ve Emeklilik

AXA Sigorta

Believe Digital

BNP Paribas Cardif Hayat Sigorta

BNP Paribas Cardif Sigorta

BNP Paribas Cardif Emeklilik

BNP Paribas


BPF Acentelik ve Aracilik Hizmetleri

BTA Havalimanları

Carel Industries

Ca Technologies Yazılım ve Bilişim Hizmetleri

Cepas Galvaniz Demir Celik Madencilik Insaat Nakliye

Christian Dior


Club Méditerranée


Crédit Agricole Ukraine


Eker Süt Ürünleri Gıda

Electronics for Imaging (EFI)

Euler Hermes Sigorta

Euler Hermes (Italy)




GCL Factoring France

Global Enerji

Gestamp North Europe Services

Groupama Sigorta

Groupama Emeklilik

Groupama Assurances Mutuelles

Group Atlantic

Helvetia Swiss Insurance Company

H & M

Jardine Lloyd Thompson Group


Juul Labs

Koop Hub

KYU (Hakuhodo DY Holding)

Lactalis Group

Lancome Parfums Beaute & CIE

Levi Strauss Co

Lombard Odier

Loyens & Loeff


Maisto E Associeti

MDS AP Tech Yazılım Ürünleri ve Bilişim Hizmetleri

Midis Group

NN Hayat ve Emeklilik



Orange Sigorta Aracılık Hizmetleri

PJSC Rosbank

Reinsurance Group of America


Saint Gobain


SG Hambros

Skandinavska Enskilda Banken

Société Générale Milano

Şen-Er Boya Kimya



Superdry- DKH Retail

Taiyuan Iron & Steel (Group) Company

TEB Portföy

Thermo Fisher Scientific

Union Bancaire Privée


Volvo Group Otomotiv

Volvo Trucks

Yakamoz Yağ

Yves Rocher

Work highlights

  • Assisted Veolia and Suez with all legal matters in Turkey arising from their worldwide merger.
  • Advised Allianz on regulatory and transactional matters under Turkish insurance and capital markets regulations.
  • Assisting L’Oreal, Beaute Prestige International, Dior, Chanel, Bulgari and Montale with protection against counterfeited products.

Norton Rose Fulbright

Norton Rose Fulbright‘s network of international desks coordinates with its local Turkish subsidiary İnal Kama Attorney Partnership to provide cross-border services in corporate, banking and dispute resolution. Clients include major multinationals as well as leading Turkish companies in a variety of sectors, with energy, infrastructure and chemicals being particular areas of focus. Ayşe Yüksel Mahfoud, the firm’s global head of corporate, M&A and securities, is the contact to note in Istanbul, splitting her time between Turkey and the US.

Practice head(s):

Ayşe Yüksel Mahfoud

Other key lawyers:

Utku Ünver


‘Utku Ünver is an exceptional lawyer. Always reachable and ready to assist. Profound knowledge and experience in project finance in the energy sector.’

‘They are very punctual and meet tight schedules. The firm has experienced teams in a wide range of areas. Their expertise also covers the recent technological trends in the legal market.’

‘You can reach them 24/7. They are all very competent in their areas of expertise.’

Key clients

Bank Audi


İş Bank

International Finance Corporation (IFC)


Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)

I-Pulse Oil & Gas

Turkish Airlines


Cronus Chemicals


DowAksa Ileri Kompozit Malzemeler

TPAY Mobile FZ

InterGlobe Aviation

Koç Holding



Socar Turkey

Work highlights

  • Advising Arçelik on its €78.3m acquisition of Whirlpool Beyaz Eşya, Whirlpool’s wholly owned subsidiary in Turkey.
  • Assisting TPAY Mobile FZ with its acquisition of 100% of the shares of Turkish fintech company Trend Ödeme Kuruluşu.
  • Advising DowAksa İleri Kompozit Malzemeler on a $100m sustainability-linked loan facility and related security agreements executed with Türkiye İş Bankası, Türkiye Sınai Kalkınma Bankası and QNB Finansbank.

YBK Law Firm in Cooperation with CMS

CMS has a significant presence in finance and corporate matters in Turkey through its association with YBK Law Firm in Cooperation with CMS, advising international investment groups, banks and multinational companies on inbound and outbound transactions. The team includes practitioners qualified in the UK, Austria and Germany and is experienced in cross-border work, utilising its international network. Döne Yalcin, who is admitted in Turkey and Austria, co-leads the team with fellow managing partner Alican Babalıoğlu. Hülya Kemahlı and Alaz Eker Ündar are key contacts for capital markets and banking and finance matters, respectively.

Practice head(s):

Döne Yalçin; Alican Babalıoğlu

Other key lawyers:

Hülya Kemahlı; Alaz Eker Ündar

Çelepçi in cooperation with Schoenherr

Çelepçi in cooperation with Schoenherr acts for international companies with operations in Turkey, as well as assisting domestic clients with outbound transactions. Multinational clients, including Canon and Luxottica, look to managing partner Levent Çelepçi and Murat Kutluğ, who was appointed partner in 2021, for day-to-day corporate matters and M&A, and the team is also well versed in advising on the incorporation of Turkish subsidiaries.

Practice head(s):

Levent Çelepçi

Other key lawyers:

Murat Kutluğ; Begüm Koçak


‘The team at Çelepçi in cooperation with Schonherr has excellent expertise in advising foreign investors in Turkey. We can always rely on their professional, timely, helpful and knowledgeable advice.’

‘We usually work with Murat Kutluğ. We are impressed by the professional level of his service and his dedication to his clients. He is always most helpful and it is extremely easy to work with him and feel confident in your decisions.’

Key clients





Nuvei Technologies

TTTech Auto


Volkswagen Aktiengesellschaft

Scholz Management Service


Greiner Group

Getinge Group

Atrium Group

Angst & Pfister Holding


Société Générale International


Best Achizitii

Leoni AG

MT Group Companies-Maxicells İlaç

Unicredit Bank Austria

Tamtex Tekstil

La Bottega

Work highlights

  • Advising Canon on all its legal matters in Turkey, including corporate, employment, compliance and dispute resolution issues.
  • Assisting eyewear multinational Luxottica with all corporate matters in Turkey.
  • Assisting Getinge Group with all legal matters in Turkey.