Project finance/projects in Turkey

Çakmak Attorney Partnership

Çakmak Attorney Partnership has broad experience in the projects and projects finance space. It advises on development, financing and refinancing matters in relation to energy and infrastructure projects, including power plants, motorways, airports, ports and hospitals. Recent highlights include advising ERG İnşaat on all aspects of the €1.15bn financing and development of the Ankara-Niğde motorway project. Çelikler, Fina Enerji and ERG Verbund also instruct the team. Zeynep Çakmak returned from GKC Partners (in professional association with White & Case) in February 2018 and now heads the team alongside Mesut Çakmak. Mustafa Durakoğlu made partner. Cem Çağatay Orak and Özlem Kızıl Voyvoda are also recommended.

Goksu Safi Isik Attorney Partnership

Goksu Safi Isik Attorney Partnership is adept at handling large public infrastructure projects and in a recent highlight drafted construction and procurement agreements for İGA in relation to the €22bn development of Istanbul’s third airport. Other clients include Hanwha and Siemens. Ali Göksu and Gözde Akansel are the key practitioners. The team is ‘very dedicated and provides a high level of professional service’.


Paksoy advises lenders, sponsors, institutional investors, contractors and operators in the power, oil and gas, infrastructure and healthcare sectors. It is adept at handling PPP projects, advising on contracts, permits and authorisations, administrative law, litigation, and regulations. Recent highlights include advising EBRD on its $500m loan and related documentation to the Trans-Anatolian Natural Gas Pipeline (TANAP) project. Carillion and Fina Enerji are also clients. Zeynel Tunç heads the team.

Balcioglu Selçuk Akman Keki

Balcıoğlu Selçuk Akman Keki advises on multi-jurisdictional syndicated loans for infrastructure projects, real estate acquisitions, corporate finance and energy projects. Acquisition finance, asset-based lending, asset finance, real estate finance and project finance all form part of the team's workload. It advised IFC, KFW and the government of Kyrgyzstan on the development of a dialysis healthcare PPP facility in the country. Other clients include Aareal Bank, EBRD, Standard Chartered Bank and Türkiye İş Bankası. Barlas Balcıoğlu heads the team. Doğan Eymirlioğlu is also recommended.

Bener Law Office

Bener Law Office attracts work advising on joint ventures, energy and infrastructure transactions, and PPPs. Erim Bener, Gözde Esen Sakar and Onur Kordel head the team.

Bezen & Partners

Bezen & Partners advises on acquisition and leveraged finance, asset finance, project finance, refinancing, PPP finance and structured finance. In a recent highlight the team acted as local counsel to Akkuyu NGS Elektrik Üretim in relation to the $22bn Akkuyu nuclear power plant project. Other clients include QNB Finansbank and Sojitz Corporation. Key practitioners Yeşim Bezen, Banu Bölükemini and Aykut Bakırcı all provide ‘prompt, hands-on advice’.

Boden Law

Boden Law is ‘fast, reliable and has market know-how and experience’. It acts for clients in the energy, infrastructure and mining sectors, with a particular focus on electricity and gas projects. Areas of expertise include drafting and negotiation of transaction documents, joint ventures, regulatory matters and transactions. The team advised Biga Maden on its €21m sale of a limestone quarry to Nordeka. Değer Boden heads the ‘very reliable and professional’ team.

Esin Attorney Partnership, Member of Baker & McKenzie International

Esin Attorney Partnership, Member of Baker & McKenzie International has a particular focus on the energy, mining and infrastructure sectors. It advises clients on project finance, market practices and regulatory issues, recently acting for a syndicate of international and Turkish banks in a $500m and TRY720m loan to VIP Turkey Enerji for the acquisition of OMV Petrol Ofisi. Bayerische Landesbank, Landesbank Baden-Württemberg and Bank ABC are other notable clients. The team, which is ‘quick to meet deadlines with creative solutions’, is headed by Muhsin Keskin, who is ‘co-operative and business-oriented’. Duygu Turgut is also recommended, as is senior associate Berk Cin.

GKC Partners (in professional association with White & Case)

GKC Partners (in professional association with White & Case) advises both foreign and domestic clients on project finance particularly in the energy, infrastructure and natural resources sectors. Areas of expertise include PPPs, construction, privatisations and greenfield investments. In a recent highlight it advised DenizBank on a €75m financing of a new terminal at Ercan International Airport. Local banks, lenders and sponsors such as Yapı Kredi Bankası and and Ziraat count among the clients. Güniz Gökçe heads the team. Former practice head Zeynep Çakmak left for Çakmak Attorney Partnership in February 2018.

Hergüner Bilgen Özeke

Hergüner Bilgen Özeke is adept at handling PPP projects, build-transfer-operate (BOT) projects and build-lease-transfer (BLT) projects. It represents lenders and borrowers from various sectors including healthcare, education, infrastructure and energy. A highlight was representing Tümad in relation to the $210m financing obtained from EBRD, Ziraat Bankası and Akbank for the the construction, development, and operation of Tümad’s gold mines in Lapseki and Ivrindi. Other clients include Finansbank, South Stream Transport and Baku-Tbilisi-Ceyhan Pipeline Company. Aslı Budak, Senem Denktaş, Ümit Hergüner and Deniz Tuncel are the key practitioners.

Çakici & Yamaner Attorney Partnership

Cengiz Yamaner heads the projects team at Çakici & Yamaner Attorney Partnership, which handles both contentious and non-contentious matters. Areas of expertise include contracts, transactions, licences, project finance and refinancing.

ASC Law Office

ASC Law Office advises creditors, financial institutions and organisations on project financing, including asset-based financing, export credit-based financing and restructuring transactions. Key sectors include oil and gas, energy, transport and infrastructure. Levent Yetkil is the key practitioner.


DURUKAN+PARTNERS advises clients from the energy, infrastructure and real estate sectors on project development, project finance, operational issues, public procurement and regulatory matters. It assisted Enka Power with the construction, development and operation of a $960m hydroelectric power plant as part of the client's joint venture with Clean Energy Group. Other clients include OAS Group and STEAG. Begüm Durukan Özaydin heads the team.

Erdem & Erdem Consultancy Ltd

Erdem & Erdem Consultancy Ltd advises clients on project finance, privatisations, renewable energy, PPPs, drafting and negotiation of contracts, BOTs and EPCs. Key sectors include energy, heavy industries, infrastructure and construction. Ercüment Erdem heads the team, which provides ‘quick and effective responses and a reliable, quality service’.

Ergün Avukatlik Bürosu

Ergün Avukatlik Bürosu advises global and domestic clients on project finance, bridge loans financing, PPPs, BOTs, privatisations and arbitration. It represents sponsors and lenders; key sectors include energy, transport and healthcare. Çağdaş Evrim Ergün heads the practice.

Kesikli Law Firm

Kesikli Law Firm advises EPC contractors, engineers, owners, project developers, private equity companies and energy companies on cross-border and local projects. It is assisting KS Energy Africa with contracts and transactional matters around a 140MW brownfield natural gas-fired power plant project in Nigeria. Ömer Kesikli heads the team.


Kılınç Law & Consulting assists with project agreements, EPC contracts, operation and maintenance agreements, and PPPs. In a recent highlight it assisted Yu Group Gayrimenkul Yatirim with project agreements and obtaining licenses and permits for projects. Other clients include high-profile engineering and energy companies. Levent Lezgin Kılınç heads the team, which is ‘very friendly, supportive and customer focused’ and provides ‘solid and complete solutions’.

Pekin & Pekin

Pekin & Pekin advises on project finance, contracts, agreements, mitigation and avoidance of risk, power purchase agreements and concession agreements. Other areas of expertise include derivatives, structured finance and PPPs. Ahmed Pekin is the key practitioner. Kemal Serdengeçti left for SEOR Law Firm.

TOCC Attorney Partnership

TOCC Attorney Partnership handles project finance matters for both lenders and borrowers. Areas of expertise include drafting Turkish law loan agreements, corporate lending, acquisition finance, PPP projects and EPC contracts. Its international and domestic client base includes China Road and Bridge Corporation, Yapı ve Kredi Bankası and ABC International Bank. Mustafa Yigit Ornek and Tolga Cabakli head the team.

Yazici Attorney Partnership

Yazıcı Attorney Partnership has a particular focus on the energy sector and advises clients on energy-related infrastructure and construction. Areas of expertise include project finance, facility agreements, drafting and negotiation of security agreements, and cross-border contracts for production facilities. Clients include Marsa Turkey and AGE Enerji. Bilge Müftüoğlu is the key practitioner.

Yegin Ciftci Attorney Partnership

Yegin Ciftci Attorney Partnership focuses on representing lenders in project finance transactions. In a recent highlight it advised EBRD and Garanti Bank on the $375m acquisition financing for the Menzelet and Kılavuzlu hydropower plants. Other clients include International Finance Corporation, China Development Bank and BNP Paribas. Mete Yegin heads the team.