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ORJIN MASLAK, ESKI BUYUKDERE CADDESI NO:27, K:11, MASLAK, 34398 ISTANBUL, TURKEY
Tel:
Work +90 212 366 4700
Fax:
Fax +90 212 290 2355
Email:
Web:
www.paksoy.av.tr

Turkey

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

Paksoy

Paksoy handles the full range of financing matters and capital market transactions. Financing expertise includes leveraged and acquisition finance, project finance, regulatory capital transactions, secured and unsecured loans, sub-loans, syndicated loans and Islamic finance products. Capital markets expertise includes IPOs, local currency bond issuances, restructuring of bonds, asset-based securities, establishment of funds and structured finance transactions and securitisations. The team advised Ziraat Bankası on its entry into a $1.4bn syndicated loan agreement with 44 banks from 22 countries. Other clients include ABC Islamic Bank, ArcelorMittal, Bank of America Merrill Lynch, Barclays and Volkswagen Financial Services. Sera Somay focuses on finance transactions and co-heads the team alongside Ömer Çollak, who deals with capital markets matters. ÖkkeƟ ƞahan was promoted to counsel.

Leading individuals

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Paksoy

Paksoy handles minority investments, spin-offs, joint ventures and asset deals on the M&A side. It also deals with outsourcing, licensing, distribution, franchise agreements and corporate governance on the commercial side. It assisted Unilever with the €6.8bn sale of its spreads business to KKR & Co. and advised Sberbank of Russia on a share purchase agreement for the $3.2bn sale of Denizbank. Other clients include Linpac, Cisco Systems and The Dow Chemical Company. Elvan Aziz, StĂ©phanie Beghe Sonmez and Togan Turan head the team. Nihan Bacanak, Selen Terzi Özsoylu and Selin Barlın Aral were promoted to counsel.

Leading individuals

Elvan Aziz - Paksoy

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Competition
Competition - ranked: tier 2

Paksoy

Paksoy advises on antitrust investigations, cartels, competition litigation, general competition law, compliance and merger control. Highlights included advising KKR & Co. on TCA filings regarding the acquisition of Unilever's spreads business. Other clients include Bayer, Bosch and Diageo. Togan Turan heads the ‘very reactive, very business-friendly and commercially-minded’ team. Derya Genç is ‘very experienced in the competition field in Turkey’. Deniz Özkan was promoted to senior associate and is ‘one to watch’.

Leading individuals

Derya Genç - Paksoy

Togan Turan - Paksoy

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Dispute resolution
Dispute resolution - ranked: tier 3

Paksoy

Paksoy provides full service arbitration and litigation capabilities in various sectors including financial services, infrastructure, chemicals, healthcare, construction, manufacturing, automotive, real estate, insurance and TMT. It continues to act for a car manufacturer in regulatory action in Turkey. 'Highly knowledgeable and experienced' practice head Serdar Paksoy is supported by senior associate Simel Sarıalioğlu. 'Sharp litigator and seasoned arbitration specialist' Yasemin Semiz made senior associate. Former practice co-head Gökhan Bozkurt left in May 2017 to set up litigation boutique Bozkurt Bozkurt Attorney Partnership.

Next generation lawyers

Simel Sarıalioğlu - Paksoy

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Employment
Employment - ranked: tier 3

Paksoy

Paksoy handles reviewing and drafting employment documentation, contracts of employment, staff manuals, union matters, terminations and litigation. It continues to advise The Dow Chemical Company on daily employment matters, employee claims and litigation. Other clients include DAF Trucks and Sberbank. Elvan Aziz heads the team. Selen Terzi Özsoylu and GĂŒlce Saydam Pehlivan were promoted to counsel and senior associate, respectively.

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Energy
Energy - ranked: tier 2

Paksoy

Paksoy advises global and domestic clients on licensing, regulatory requirements, acquisitions, due diligence, and operation and maintenance matters. It assisted Borusan EnBW Energy Investment and Production with reviewing and negotiating project documentation of a geothermal project. Other clients include Akfen, Arkema, GE Turkey and Fina Enerji. Zeynel Tunç heads the team.

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Project finance/projects
Project finance/projects - ranked: tier 1

Paksoy

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.

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Real estate and construction
Real estate and construction - ranked: tier 3

Paksoy

Paksoy advises clients on drafting and negotiation of contracts, lease and construction agreements, hotel management, EPCs and O&M agreements. Other areas of expertise include compliance, zoning and permits. Akbank, Akfen, Serka Ä°nƟaat and Alfardan Group all instruct the team, headed by real estate expert Elvan Aziz and Zeynel Tunç, who specialises in construction. Selin Barlın Aral was promoted to counsel.

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 2

Paksoy

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 ƞansal Erbacıoğlu and Selin Barlın Aral are also recommended.

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Tax
Tax - ranked: tier 2

Paksoy

Paksoy regularly advises on tax-related M&A, corporate tax, investment tax, transfer pricing and tax litigation. It advised Della Gıda on the tax aspects of its acquisition of 80% of shares in Mavidağ. Clients include Cisco, EBRD, Gentex Corporation, Deutsche Bank and Panasonic. Counsel ƞansal Erbacıoğlu heads the team.

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Further information on Paksoy

Please choose from this list to view details of what we say about Paksoy in other jurisdictions.

Turkey

Offices in Istanbul

Legal Developments by:
Paksoy

  • SQUEEZE-OUT RIGHT IN PUBLIC COMPANIES -- TURKEY

    Squeeze-out and sell-out rights in Turkish public companies are regulated by the Communiqué on Squeeze-Out and Sell-Out Rights (the " Communiqué ") published in the Official Gazette dated 2 January 2014 effective as of 1 July 2014. The Communiqué was issued by the Capital Markets Board of Turkey (the " CMB ") in accordance with the Capital Markets Law and regulates the right to squeeze-out minority shareholders by the controlling shareholder and the minority shareholders' rights to exit the public company by selling their shares to the majority shareholder.
    - Paksoy

Legal Developments in Turkey

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