Pekin Bayar Mizrahi > Istanbul, Turkey > Firm Profile

Pekin Bayar Mizrahi

Turkey > Banking, finance and capital markets Tier 3

As of September 2021, Pekin Bayar Mizrahi entered into an alliance agreement with Norton Rose Fulbright. The team represents banks, financial institutions, fintech and other equity companies in a range of banking, finance and capital markets transactions, including acquisition and project financings, establishment of electronic payment systems, securitisations, sukuk issuances and derivative transactions. Selin Bayar and Fatoş Otcuoğlu, who is particularly skilled in cross-border capital markets transactions, co-head the department.

Practice head(s):

Selin Bayar; Fatoş Otcuoğlu

Key clients

Odeabank A.Ş

QNB Finans Portföy A.Ş


Rabobank A.Ş

Yapı Kredi Bank A.Ş

NatWest Markets Plc Istanbul Merkez Subesi(former name Royal Bank of Scotland)

Tapestry Compliance

BC Partners

İzocam Ticaret A.Ş

Yapı Kredi Finansal Kiralama A.Ş

UniCredit Bank Austria AG

Work highlights

  • Advised a crypto asset platform on the expansion of its operations in Turkey.
  • Advised BC Partners on the sale of 11.67% of the shares, worth TL 940,763,034, of Migros Ticaret A.Ş. to the bookrunner Goldman Sachs International.
  • Advised a Danish bank on the refinancing of a secured facility provided to one of the leading suppliers of equipment and solutions for the ice cream industry worldwide.

Turkey > Dispute resolution Tier 3

Pekin Bayar Mizrahi provides ‘prompt, realistic and efficient solutions for complex legal issues’. The team, which is headed by Ergin Mizrahi, is known for advising foreign corporations, banks and states, and for its focus on M&A disputes (especially arbitrations), banking and finance, manufacturing, online gaming, construction, pharmaceutical, energy, cross-border trade and shareholder disputes. Associates Tuğçe Aslı Turçal and Özlem Çavuş Gerçek provide additional support.

Practice head(s):

Ergin Mizrahi; Meral Arabacı; Özer Arda


‘Very client-oriented; capable of providing prompt, realistic and efficient solutions for complex legal issues’

‘Engin Mizrahi can take immediate action and provide efficient legal service to his clients for urgent cases and questions.’

‘Ergin is very smart, always ready to render support, this is outstanding in combination with all other professional skills Ergin has.’

‘Pekin Bayar Mizrahi firm has very a high level profile team supporting us in a full service scope. Quality of all services and different teams are very high and satisfactory for us.’

‘Ergin Mizrahi as partner is dealing with our issues very closely. He and his team are working like a real business partner. They know the dynamics of clients and the relevant industry therefore their advices adds value for our company.’

‘Ergin Mizrahi very quickly grasped what it was that our client required, and produced an excellent expert report in support of London Arbitration very quickly and with minimal need for guidance or direction from us.

Key clients

The State of the Netherlands

The Royal Bank of Scotland (Natwest Group)


General Electric


BSH Hausgeräte GmbH

Liberty Mutual Insurance Company

NTG Nordic Transport Group A/S

Nippon Paint Japan

Work highlights

  • Represented the former shareholders of Akdeniz Kimya in an ICC arbitration regarding an M&A dispute worth $4.8m.
  • Represented two landlords before the Constitutional Court in a landmark expropriation case.
  • Represented the Barcelo Hotels Group in a lease dispute worth €4.5m.

Turkey > Commercial, corporate and M&A Tier 4

Pekin Bayar Mizrahi, which formed an alliance with Norton Rose Fulbright in September 2021, fields a team headed by Selin Bayar, Ferhat Pekin and Deniz Altınay. In addition to assisting with transactional matters, the team works with private equity investors and also provides strategic corporate governance advice.

Practice head(s):

Selin Bayar; Ferhat Pekin; Deniz Altınay

Key clients

Nippon Paint Holdings Co. Ltd.

Astaş Group

SMRC Automotive Modules France SAS


Birgi / Mefar Group

CIN Coatings

Kerry Logistics (Asav Lojistik Hizmetleri)

Work highlights

  • Represented BC Partners in the sale of 11.67% of the shares of Migros Ticaret to Goldman Sachs International.
  • Advised SMR AUTOMOTIVE MIRROR STUTTGART GMBH on the acquisition of 75% of Plast Met Plastik Metal Sanayi İmalat ve Ticaret Anonim Şirketi and Plast Met Kalıp Sanayi İmalat ve Ticaret Anonim Şirketi.
  • Acted on the acquisition of 10% shares of Asav Lojistik Hizmetleri AS by Kerry Logistics through its German subsidiary Kerry Logistics GmbH.

Turkey > Real estate and construction

Duygu Ozmen and Ferhat Pekin lead the department at Pekin Bayar Mizrahi, which covers land development projects, disposals and transfers of property, commercial leasing matters, transactions and contracts.

The firm: Pekin Bayar Mizrahi was founded in 1946 and as such, it is considered one of the oldest and most established law firms in Turkey. The firm has liaison offices in Ankara, Izmir and Adana with over 50 lawyers and 20 support staff, as well as continuing associations with a large variety of international law firms.

Areas of practice: As a leading firm in Turkey, Pekin Bayar Mizrahi provides legal services in banking and finance, mergers and acquisitions, commercial, corporate, business, foreign investment, litigation, capital markets transactions, government contracts, construction tenders, privatisation, energy, mining, telecommunications, property and real estate, intellectual property, competition, communications and media, entertainment, insurance, environment, employment, inheritance, non-profit and charitable organisations legislation. Pekin Bayar Mizrahi is therefore a full-service law firm.

The firm aims to assist clients in achieving goals within the philosophy of teamwork, integrity and expertise. Working as a team, with both colleagues and clients, the firm seeks to assist clients through the complexities of the Turkish legal system by getting an in-depth understanding of their business objectives and priorities. The firm’s ethos, as well as its legacy, is based on responsiveness, integrity and thorough assistance in all aspects of clients’ needs and business, within Turkey and in the greater geographical region. As such, the firm has been involved in numerous cross-border transactions and continues to do so, with its portfolio of foreign clients from every corner of the globe. The firm has also been working very closely with international law firms to provide foreign-law related assistance to local clients.

Dispute resolution Şefika
Banking, finance and capital markets Selin
Banking, finance and capital markets Selin
Banking , Finance and Capital Markets, IT, ICT FatoşOtçuoğ
Corporate, M&A, Capital markets Deniz
Capital markets Ferhat
Corporate and M&A Ferhat Pekinf.pekin@pekin.comtr
Dispute resolution Meral
Dispute resolution Ergin
Project finance Selin
Real estate Ferhat Pekinf.pekin@pekin.comtr
Privatisation Selin
Privatisation Ferhat Pekinf.pekin@pekin.comtr
Competition Asli Kucuroglu
Competition Senem Gölge Yalçı
Corporate and M&A Senem Gölge Yalçı
A. Deniz Altinay photo A. Deniz AltinaySenior Partner
Selin Bayar photoMs Selin BayarManaging Partner Selin Bayar is one of the senior partners and has…
Senem Gölge Yalçın photoMs Senem Gölge YalçınPartner
S. Aslı Kucuroglu Alkan photoMrs S. Aslı Kucuroglu AlkanPartner
Ergin Mizrahi photoMr Ergin MizrahiPartner He specializes in cross-border dispute resolution. He has represented mainly foreign clientele…
Fatoş Otcuoğlu photoMiss Fatoş OtcuoğluPartner
Fatoş Otcuoğlu photoMiss Fatoş OtcuoğluPartner
Ferhat Pekin photoMr Ferhat PekinPartner, practice areas include M&As, capital markets transactions and arbitration. Mr. Pekin…
Sefika Pekin photoMs Sefika PekinŞefika Pekin is the founding partner of Pekin & Bayar& Mizrahi Law…
Number of lawyers at this office : 39
World Services Groups
Contact : Selin Bayar (
Other offices : Ankara
Other offices : Izmir
Other offices : Adana

CLIENT: Mr. Ahmet Özbas


TESTIMONIAL: Pekin & Bayar has a knowledgeable, dedicated and trustworthy team. They are one of the most reliable legal advisors I have ever worked with. Sometimes it is difficult to get clear answers and advice from lawyers and generally lawyers point out grey areas and problems without showing solutions. However Pekin&Bayar team is business oriented and also driven by finding a practical solution in the best interests of the client.

CLIENT: Mr. Korkut Omur

COMPANY/FIRM: OMNI Sigorta Reasürans Brokerlik Hizmetleri A.S.

TESTIMONIAL: We have been introduced to your firm via reference from one of my partners. The service we have been obtaining from your office relates to initial thoughts on restructuring various companies under a corporate structure. The impression we have so far is that your lawyers looking after our project has good knowledge on Turkish commercial law and the way they interact with us is reasonable, friendly and technically to the point. The services we require from your office continues in 2018 and it will be possible to asses the real value of your office if and when our projects reaches its final destination.”

CLIENT: Ms. Didem Bolat

COMPANY/FIRM: Finans Portföy Yönetimi A.S.

TESTIMONIAL: Pekin & Bayar has handled almost the entirety of our legal work since the early 2000s. They have broad expertise across capital market law, regulatory issues and general corporate law. We highly value their insight and in-depth knowledge of our industry and the discrete areas of law that affect our industry’s particular needs.

CLIENT: Ms. Bettina Macharzenski


TESTIMONIAL: Pekin & Bayar has advised us in corporate, M&A and distribution law since the early 2000. They defended us in litigation and international arbitration and took care of enforcement [proceedings]. Pekin&Bayar team is pragmatic and ready for unusual services such as notifications under US law in Turkey. Pekin & Bayar team members are fine cooperators in legal defense teams covering several jurisdictions. We very much appreciate their prompt and helpful answers.

CLIENT: Mr. Onur Uzunoglu

COMPANY/FIRM: Yapi Kredi Bank

TESTIMONIAL: One of the outstanding Project Finance Law firm in Istanbul. Their solution oriented approach and skillful negotiation abilities serve well during the documentation stage. Their response are prompt and precise. Their dynamic team allows to finalize the documentation and the securities on time. For an upcoming project we’ll be delighted to work with them.

CLIENT: Mr. Semih Aben

COMPANY/FIRM: Medina Turgul DDB Reklam Hizmetleri A.S. (Turkish Subsidiary of Optimum Media Direction, a subsidiary of Omnicom Group)

TESTIMONIAL: I’ve been working with Pekin & Bayar Law Firm for almost 7 years. Our agency has been working with them almost since they were first established, a period of around 20 years. We are satisfied with the explanations we’ve received regarding supporting documentation for all of our questions, especially those related to intellectual property rights. All team members consistently reply in a timely manner and we find it easy to reach them at just about any time. Their service to us has become incredibly well customized, so that when specific subjects come up we are able to pinpoint someone who has expertise in that field. They also have been excellent at keeping us abreast of new regulations or laws that have implications for our business. We continue to be very pleased to work with Pekin & Bayar Law Firm.

CLIENT: Ms. Gülsüm Atmaca

COMPANY/FIRM: Finans Finansal Kiralama A.S.

TESTIMONIAL: In 2017, Pekin & Bayar Law Firm, Istanbul being our external legal counsellor in our various credit facilities, extended their experience and knowhow. QNB Finans Leasing benefited from their experience, knowhow, promptness and sincere approach for successful compilation.

CLIENT: Begona Olascoaga Garcia-Ruiz

COMPANY/FIRM: Barcelo Turizm Otelcilik Limited Sirketi

TESTIMONIAL: Pekin & Bayar has demonstrated professionalism, competence and efficiency since the first day we started working with them. They are the best legal advisors we have ever had in Turkey. We always have sense of comfort when Mr. Ergin Mizrahi is handling a claim or a transaction for us.

CLIENT: Mr. Çagatay Sen

COMPANY/FIRM: The Royal Bank of Scotland Plc. Merkezi Istanbul Subesi

TESTIMONIAL: We’ve had a long lasting and very fruitful relationship with Pekin&Bayar and this collaboration has peaked during the liquidation phase of our company. We have been accompanied during this journey with their solid, ‘to the point’ approach to all legal manners pertaining to our liquidation and have relied every step of the way upon their experienced, dedicated and ‘beck and call’ team. It would be very appropriate to remark that without their contribution we would have been left helpless during this process. Thank you Pekin&Bayar for your support throughout the years.’

CLIENT: Ms. Bilge Gerek

COMPANY/FIRM: Li & Fung Mümessillik Pazarlama Limited Sirketi

TESTIMONIAL: I would like to share our sincere opinion about Pekin & Bayar firm that we have a long term sustainable and growing business relationship; we are very pleased with the quality of job we received from Pekin & Bayar. They have handled complicated litigations in an intelligent, intensive, thorough and energetic manner. Their service, advice and execution never disappoint. The advice can be more than legal, and is always practical, well-informed and very responsive, no matter who we deal with at the firm. Further, everyone at the firm handles not only the issues we directly raise, but also points out issues we may not have been aware of and offers guidance to deal with those. We appreciate the personal attention given to our matters and their valuable advice. The attorneys at Pekin & Bayar with whom we have worked are distinguished not only by their superior legal skills, but also by their highest level of personal integrity and complete dedication to client service. We are very pleased to recommend them without hesitation to our professional colleagues and, indeed, our closest family and friends.

CLIENT: Ms. Ebru Özer


TESTIMONIAL: I am the Head of Legal of ODEABANK since 2017 and as ODEABANK, Pekin&Bayar is rendering legal service to us in Banking and Finance matters as consultancy and in Labour Law Cases as attorneys. We are very pleased with the services rendered by Pekin&Bayar. Pekin&Bayar is working very responsively and timely. Their legal consultancies is at utmost level and accurate. With regard to the litigation cases, we are very happy about their relationship with the Bank and about their well representation. They are respectful and very Professional. They are very trustable and a good business partners for our Bank. I would advise other financial institution to work with Pekin Bayar.

CLIENT: Mr. Onur Özyur

COMPANY/FIRM: Kopas Kozmetik A.S.

TESTIMONIAL: I have been working with Pekin & Bayar since 2010 on several dimensions. They advised us on several private equity investments and debt financing transactions while I was in investment management industry. Since 2014, Pekin & Bayar has been our corporate outside legal counsel for our businesses in consumer products and pharmaceuticals. The Firm has a dedicated team with high level of professionalism, business ethic and integrity in addition to their in-depth knowledge of a diverse set of legal areas and experience in different jurisdictions. Pekin & Bayar team is always quite fast and precise on their responses and creative in their solution proposals. I feel comfortable when I see Ferhat Pekin and his associates as my legal counsel in any kind of legal matter.

CLIENT: Ms. Zeynep Seyhoglu Bingol

COMPANY/FIRM: RES Anatolia Holding A.S.

TESTIMONIAL: Dear Pekin and Bayar team, Thank you once again for your incredible support, professional services, expertise and guidance that you provided us for many years. We sincerely appreciate your efforts and friendship that you extended to us.
Thanks again for this excellent job.

CLIENT: Mr. Ali Serdar Yagci

COMPANY/FIRM: TURKCELL Iletisim Hizmetleri A.S.

TESTIMONIAL: Pekin&Bayar have been advising us for our financing agreements which include a variety of instruments such as local or English law bilateral loans, export finance facilities, club loans, domestic lease certificates and asset backed securities. We are very happy with the level of service provided by a very experienced and dedicated team and always appreciate their contribution in our achievements. We do recommend their services to any other party which might be interested in different debt instruments or loan facilities.

CLIENT: Mr. Barlas Toker

COMPANY/FIRM: Banca Intesa Sanpaolo (formerly HSBC)

TESTIMONIAL: I had a chance to work with Pekin & Bayar as the Turkish legal adviser for a multi-tied SACE guaranteed Buyer’s Credit facility in 2017 when I was at HSBC. This was a highly complex transaction that had 3 borrowers, 7 guarantors and 4 different suppliers. This transaction also coincided at a time when the legislation for establishing pledge on movable assets changed Esen Irtem and her team actively advised HSBC and the ECA agency, approached the relevant ministry and notary unions in order to understand the implementation of the legislation that led to the successful closing of the deal. They also made site visits in order to ensure that 1000+ units of equipment were successfully pledged as collateral to the lender. I highly recommend this legal firm for financial institutions’ external legal counsel needs.

CLIENT: Jorma Alanne – Investment Director

COMPANY/FIRM: Taaleri Wealth Management LTD

TESTIMONIAL: Taaleri Wealth Management Plc has worked with Pekin and Bayar team from the beginning of 2018. We worked with Deniz Altinay and her team. It was a pleasure to work with them as they were very professional, prompt, knowledgeable and work with high quality. As we don’t know Turkish law that well it was very important that you can trust the contract is fair and ok. Looking forward working with them also in the future.

Pekin & Bayar embraces diversity and is always open to people with different backgrounds, culture and experience. We believe this broadens the perspective of our lawyers and contributes to building up a more peaceful and tolerant society. To ensure that our lawyers encounter as many different experiences as possible, both at a professional level and from a diversity perspective, we implement a rotating mentorship program, where our partners become mentors for our legal trainees and junior lawyers on a rotating basis. As one of the leading law firms of Turkey, Pekin & Bayar has always been aware of its corporate social responsibility and made it among its top priorities. Accordingly, our senior partners not only actively participate in initiatives and activities aimed at corporate social responsibility but they also encourage all lawyers of Pekin & Bayar to take part in such initiatives. PWN (Professional Women’s Network) is a major initiative to be mentioned in this regard. As Pekin & Bayar, we have not only provided support in the setting up of the association but have strongly encouraged our female lawyers to become members of the association. We are proud to say that currently a number of our lawyers are members of the association, actively taking part in the activities organized by the PWN. Education is another priority of Pekin & Bayar as part of its corporate social responsibility awareness. We have been providing pro bono support for the legal counselling needs of Robert College, Bogaziçi University and the schools of Hisar Egitim Vakfi for the past 15 years. As Pekin & Bayar, we also support and encourage our lawyers to take part in initiatives aimed at education. We believe that from a social responsibility perspective, these initiatives and activities are beneficial on a number of levels. Through them, not only we support education directly but we also we contribute to creating awareness in the society regarding the importance of the rule of law and a fair and stable legal system. Due to their contribution to the professional and personal development of the lawyers involved, we believe they are very constructive activities for our lawyers we well. As an overlapping area between education and support of women’s rights and welfare, we have also collaborated with Bilgi University in their project for providing pro bono legal assistance to women, who do not have the means to access to legal assistance. Within the scope of such project, we have assigned our lawyers to become a part of the team consisting of lawyers from different law firms, who would attend the regularly organized meetings in turns, answering the queries of these women on their legal problems and providing them with legal counselling and support. We also offer paid internships or paid work experience placements to students or graduates regularly. In addition to the above, as part of our corporate social responsibility, we provide clothes aid and allowance to the needy-indigent persons during the Holy Month of Ramadan.

“In 2021, Pekin Bayar Mizrahi entered into an alliance with global law firm Norton Rose Fulbright. Clients will benefit from access to a truly top-tier global network of international lawyers, including Norton Rose Fulbright’s Turkey desks in London, Paris, Dubai and New York.

Norton Rose Fulbright provides the world’s preeminent corporations and financial institutions with a full business law service, with more than 4,000 lawyers and other legal staff based in more than 50 locations across Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East. The firm is a top 20 ranked firm in the American Lawyer Global 200 (2020) and in the Thomson Reuters Acritas Global Elite Law Firm Brand Index (2021).

Norton Rose Fulbright has been active in the Turkish market for more than 25 years, and Turkey is an integral part of the firm’s global cross-border strategy.”