Firm Profile > Paksoy > Istanbul, Turkey


Banking, finance and capital markets Tier 1

Paksoy's varied workload includes initial public offerings (IPOs), exchangeable bond offerings, fund formation, issuances of green bonds, sukuk offerings and structured finance transactions. Clients include domestic and international banks, sovereign entities and corporates. Ömer Çollak and Sera Somay co-head the team.

Practice head(s):

Key clients

Standard Chartered Bank

Turkey Wealth Fund

Bank of China

Borusan Enerji


BNP Paribas



Garanti Bankası

Commercial, corporate and M&A Tier 1

Paksoy is active in a wide variety of corporate transactions, including M&A, minority investments and spin-offs. One name to note is Elvan Aziz, whose deal execution experience sees her act for sellers, strategic buyers and private equity clients. Elsewhere, the team also generates a significant amount of commercial contracts work; its expertise in this space includes outsourcing, licensing, distribution, agency and franchise agreements. Antitrust expert Togan Turan, IT and IP specialist Stéphanie Beghe Sonmez and recently promoted partner Selin Barlın Aral jointly lead the team with Aziz. Counsel Nazlı Bezirci is also recommended.


‘Strong expertise in insurance M&A’.

‘Pragmatic but sustainable approach, very good knowledge in Turkish M&A and Insurance market’.

‘Sera Somay has a good strategic approach with a very good knowledge of the Turkish M&A market’.

‘Nazli Bezirci provides an outstanding performance, is always available and has very good drafting skills’.

‘The team has a strong knowledge of the market and has deep expertise to advise its clients’.

‘Stéphanie Beghe Sönmez was very supportive and client oriented during our transaction, she managed her team smoothly and promptly involved colleagues from other practices when required’.

Key clients

Ergo Sigorta



Sberbank of Russia

SECOM and Çalık Holding

Dow Chemical Company

Ulusoy Family

Project finance/projects Tier 1

Paksoy provides comprehensive advice on issues arising at all stages of large infrastructure and other PPP projects. Led by practice head Zeynel Tunç, the team assists clients with the drafting and negotiation of project contracts, permits and authorisations, public/administrative law issues, litigation, tendering, zoning processes and complying with environmental law requirements. The team's projects experience spans areas such transport, infrastructure, energy, mining, commercial property, shopping malls, housing and healthcare. Clients include global and domestic lenders, sponsors, project companies, institutional investors, contractors and operators.

Practice head(s):


‘Very impressed with the team of lawyers led by Zeynel Tunc; they were very responsive and worked round the clock on a complex transaction and were available and gave practical and commercial advice’.

‘Their associates were a pleasure to work with and professionally dealt with many (unreasonable) demands’.

Key clients


ING Bank N.V.

Lenders (STAR Refinery)

GE Healthcare

Acacia Maden


Eesti Energia AS

King & Wood Mallesons


Restructuring and insolvency Tier 1

Paksoy advises on debt restructuring and corporate restructuring, and it also assists clients with debt collection proceedings and bankruptcy proceedings. In addition, it advises on insolvency-related risk management and transactions involving non-performing loans. Clients include lenders, corporate borrowers, investors and hedge funds. The team is jointly led by Sera SomayElvan AzizÖmer Çollak and newly promoted partner Selin Barlın Aral.


‘They are very responsive and diligent’.

‘They understand the client and situation needs, create alternative solutions and reflect them to negotiations and transaction documents’.              

‘Paksoy partner Sera Somay is very responsive, reachable, shows partner attention, and has extensive experience and knowledge of debt restructuring and collateral matters’.                  

‘Paksoy has a broad team, covering all areas of expertise, with top ranked professionals’.

Key clients

HsH Nordbank and Hsh Portfolio Management

Competition Tier 2

Paksoy's client roster includes entities from sectors such as financial services, chemicals, real estate, food and beverages, and TMT. The firm has a broad competition practice, which includes antitrust investigations involving allegations of cartels and abuses of dominance, dawn raids, competition litigation, day-to-day advice, compliance and merger control. Team head Togan Turan assists clients with merger filings, antitrust investigations and competition training. In a notable development, Gülçin Dere joined as counsel from an in-house role at the TCA. Derya Genç left the firm.

Practice head(s):

Key clients



Dana Inc.


Liberty House Group



Reckitt Benckiser

SK Capital

Titan Cement

Energy Tier 2

Paksoy’s energy and natural resources practice has a core focus on oil and gas, electricity, and mining and minerals. The group handles M&A, construction and supply contracts, project finance, operation and maintenance agreements and regulatory issues, among others. Zeynel Tunç, who is recommended for his ‘negotiation skills’, heads the team. Clients include Rosatom, Enerjisa and Akfen.

Practice head(s):

Key clients


Bilgin Enerji


Eesti Energia






Polat Enerji

Zorlu Group

Tax Tier 2

Paksoy advises clients on a wide variety of tax issues, including corporate taxation, taxation of investments, customs and excises, tax litigation and transfer pricing. On the transactional side, the team provides tax support on finance, capital markets and real estate transactions. Other areas of expertise include the tax aspects of restructuring, cross-border investments and acquisitions. Counsel Şansal Erbacıoğlu leads the group.

Practice head(s):


‘They have a good team work and communication skills’.

‘The team has great market knowledge and transaction experience’.

‘They replied to all requests at very short notice’.

‘The individuals are friendly, experienced and very professional’. 

Key clients

Alem Gayrimenkul Yatirim ve Turizm


Ergo Sigorta

Nordic Transport Group


Dispute resolution Tier 3

Paksoy's team is highly reputed in commercial litigation, arbitration and regulatory matters. Its experience includes disputes involving technology and IP, securities, tax, customs and antitrust issues.  It also advises on company law, contracts and product liability disputes. The firm's client roster included entities active in sectors such as construction, energy, retail, automotive, securities, manufacturing and telecoms. Team head Serdar Paksoy has over 30 years of professional legal experience. Associate Simel Sarıalioğlu is recommended for her experience of ICC, LCIA, ISTAC and ad hoc arbitration.

Practice head(s):


‘Serdar Paksoy is a great strategic thinker and is calm but firm in hearings’.

‘Simel Sardioglou is diligent, knowledgeable and very much client-oriented’.

‘Very good expertise, easy to reach team, including the partners’.

‘Sedar Paksoy is a highly experienced and sophisticated legal and strategic litigator’.

‘Simel Sarialioglu is the next big name in arbitration in Turkey; she is very dynamic and dedicated to the client’s interest, highly regarded in the arbitration community and she knows perfectly the Turkish arbitration playing field’.

‘Pragmatic, clear communications, professional and they have a good level of English’.  

‘The dispute resolution team fulfill the entire litigation proceeding needs’.

‘Comparing with its competitors, structure of team, prompt response and communication keep them one step ahead’.

Key clients



beIN Media Group

LG Electronics



DAF Trucks

MAN Truck & Bus




BHP Billiton



Sensient Technologies

The Dow Chemical Company

Employment Tier 3

Paksoy advises on the dismissal of employees, drafting employment contracts and personnel handbooks, and handles matters relating to unions and collective bargaining. The ‘superbElvan Aziz leads the team, which also includes senior associate Gülce Saydam Pehlivan.

Practice head(s):


‘Outstanding technical skills and a commercial approach to matters’

Key clients

British American Tobacco




Save the Children Turkey

Dow Chemical Company


IT and telecoms Tier 3

Paksoy's experience of the IT and telecoms sectors sees it handle a broad spread of matters for clients, such as regulatory advice, corporate and commercial work and dispute resolution. The firm acts for clients in sectors such as banking and finance, insurance, fintech, telecoms and defence. Selin Barlın Aral, who made partner, jointly leads the team with fintech expert Sera Somay and emerging technologies specialist Stéphanie Beghe Sönmez. Ceylan Necipoğlu joined as a senior associate from BTS & Partners.


‘Their TMT team has been quick and sharp in releasing advice requested (e-signature rules and uses for a number of contracts in Turkey)’.

Key clients

Alliance One International














Hugo Boss


LG Electronics




Real estate and construction Tier 3

The ‘dynamic’ team at Paksoy advises on the construction and maintenance of power plants, residential areas, temporary structures, infrastructure systems and malls. Elvan AzizZeynel Tunç and ‘results-orientedSelin Barlın Aral, who was recently promoted to partner, jointly head the practice. Highlights included advising the Alfardan Group on its in investment into a hospitality development project.

Key clients

Alfardan Group


Solmaz Gümrük Müşavirliği


The firm

Paksoy is an independent full-service law firm in Istanbul, Turkey focused on helping clients in a wide range of legal areas: cross-border investments, international business transactions, investigations, compliance and disputes. Established in 1997, Paksoy stands today as one of the strongest local legal brands in Turkey, focusing on numerous practice groups and sectors.

Areas of practice

Antitrust and competition: Paksoy advises on antitrust clearance for M&As before the Turkish Competition Authority and provides assistance in antitrust investigations and counselling with respect to commercial agreements.

Banking and finance: Paksoy has considerable experience in banking and finance work advising international and domestic investment and commercial banks, ECAs, borrowers and sponsors in leveraged and acquisition finance, asset finance and structured finance.

Capital markets: Paksoy advises financial institutions, investment banks, underwriters, managers and issuers in domestic and international markets on equity, debt and equity-linked transactions.

Compliance and investigations: Paksoy advises clients on anti-bribery and corruption reviews and investigations by public bodies and conducts compliance checks in connection with FCPA and UK Bribery Act.

Corporate and commercial: Paksoy advises listed and privately held entities on general corporate and contracts law, IT, licensing, marketing and distribution/agency agreements and corporate governance issues.

Data protection: Paksoy advises clients on data protection matters in the context of the new legal regime by drafting privacy policies, revising standard contracts, assessing preparedness for the implementation of new legal constraints and bringing existing databases into compliance.

Energy and natural resources: Paksoy advises leading global and domestic clients on major projects in Turkey in connection with concession and licence-based energy and natural resources deals.

Infrastructure, PPP and construction: Paksoy has significant experience in PPPs, representing clients in major public assets and infrastructures, advises contractors and owners in projects involving construction, operation and maintenance of complex structures, plants, infrastructure systems, shopping malls and mine operation sites.

Islamic finance: Paksoy has been at the forefront of Islamic product development in Turkey and advises the sovereign, conventional and Islamic financial institutions, investors, and corporate borrowers on all aspects of Islamic finance.

Labour and employment: Paksoy provides clients with advice on all aspects of individual and collective labour law, including localisation and drafting employment agreements and bylaws, as well as termination-related documentation and outsourcing agreements.

Litigation and dispute resolution: Paksoy acts for clients in litigation and arbitration work covering areas of contract, tort, fraud, shareholder disputes, procurement matters, product liability, employment, competition, bankruptcy and insolvency.

M&A: Paksoy provides advice to global clients on cross-border transactions and domestic investments in a wide range of sectors, represents investors from strategic to private equity houses and provides sell-side advisory services.

Project finance: Paksoy advises the lenders, sponsors, project companies, contractors and operators in various types of projects including power, oil and gas, mining, infrastructure, healthcare and shopping mall projects.

Real estate: Paksoy handles a wide variety of real estate development projects including joint venture and revenue sharing systems, sale and purchase of property, long-term leasehold contracts, construction loans and leases of residential and commercial properties.

Tax and fiscal services: Paksoy provides clients advice on all types of taxation events, on corporate, income tax, VAT and stamp duty as well as transfer pricing, expatriate taxation and international tax structurings.


Department Name Email Telephone
Antitrust and competition M Togan Turan
Banking and finance Sera Somay
Capital markets Ömer Çollak
Compliance and investigations Serdar Paksoy
Corporate and commercial Elvan Aziz
Corporate and commercial M Togan Turan
Corporate and commercial Stéphanie Beghe Sönmez
Data protection Stéphanie Beghe Sönmez
Islamic finance Sera Somay
Labour and employment Elvan Aziz
Litigation and dispute resolution Serdar Paksoy
M&A Elvan Aziz
M&A M Togan Turan
M&A Stéphanie Beghe Sönmez
Real estate Elvan Aziz
Tax and fiscal services Sansal Erbacioglu
Photo Name Position Profile
Ms Elvan Aziz  photo Ms Elvan Aziz Elvan Aziz is the partner heading the corporate practice of the firm,…
Mr Serdar Paksoy  photo Mr Serdar Paksoy Serdar Paksoy is the founder and senior partner of the firm. For…
Ms Sera Somay  photo Ms Sera Somay Sera Somay is the partner heading the banking and finance practice of…
 Stéphanie Beghe Sonmez photo Stéphanie Beghe Sonmez Stéphanie Beghe Sönmez is the partner, regularly advises on foreign law aspects…
Mr M. Togan Turan  photo Mr M. Togan Turan Togan Turan is the partner heading the competition practice of the firm…
 Ömer Çollak photo Ömer Çollak Ömer Çollak is the partner heading the capital markets practice of the…
Number of lawyers : 55+
Contact : Serdar Paksoy (founder/senior partner)

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