Restructuring and insolvency in Turkey

Hergüner Bilgen Özeke

Hergüner Bilgen Özeke is adept at handling corporate restructuring, insolvency, bankruptcy, liquidation, M&A-related restructuring and contentious matters. In a recent highlight the team assisted Wafra Capital Partners with corporate restructuring, financing and intra-group financing transactions involving asset-based financial engineering. Reynaers Aluminium and ING Bank are other key clients. Key practitioners include Tolga Danışman, Ayşe Hergüner Bilgen and Ufuk Yalçın.

Pelister Atayilmaz Enkur Law Office

Pelister Atayilmaz Enkur Law Office handles matters involving distressed debt, special situations, non-performing loans, insolvency and restructurings. It advised Mobiljet on debt refinancing matters including a debt-to-equity leveraged transaction with a distressed debt investor. Other clients include QNB Finansbank, Sekerbank, Merkez Factoring and Cigna Corporation. Kerim Pelister heads the ‘very experienced, always reachable, fast and proactive’ team. Gökhan Enkür specialises in cross-border restructuring projects.

Balcıoğlu Selçuk Ardıyok Keki

Balcıoğlu Selçuk Akman Keki handles a broad range of restructuring and insolvency matters including credit risk management, creditor and equity committee representation, cross-border restructurings and debtor representation. Other areas of expertise include insolvency, litigation, arbitration, mediation, reorganisations and safeguard proceedings. Dispute resolution specialist Özgür Akman heads the sizeable team. Galip Selçuk advises management and stakeholders on distressed M&A and corporate restructurings. Banking expert Barlas Balcıoğlu, Doğan Eymirlioğlu and Semih Sander are also recommended.


DURUKAN+PARTNERS advises on secured and unsecured financing, restructurings, bankruptcy and insolvency. Clients include Ojer Telekomunikasyon, Oger Telecom, Emaar Properties and Sephora. Banking and finance expert Begüm Durukan Özaydin heads the team alongside corporate and commercial specialist Hikmet Fadillioglu.

Ersoy Bilgehan Lawyers & Consultants

Ersoy Bilgehan Lawyers & Consultants advises on bankruptcy, renegotiation and restructuring of loans, insolvency, distressed fundraising and lender exit strategies. Other areas of expertise include disputes, liquidations, reorganisations and drafting of documentation. Clients include creditors and listed and non-listed companies. Zihni Bilgehan, Ergün Ersoy and İlknur Pekşen are the key practitioners.


Paksoy handles a range of matters including debt restructuring, corporate restructuring and bankruptcy proceedings. In a recent highlight it rendered corporate restructuring advice to a multinational consumer electronics retailer; this included fiscal, tax and legal structuring, planning and implementation of a capital scheme. Clients include lenders and borrowers. Banking expert Sera Somay and capital markets specialist Ömer Çollak count among the team's key figures. Counsels Şansal Erbacıoğlu and Selin Barlın Aral are also recommended.