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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

Sera Somay

Tel:
Work +90 212 366 4776
Email:
Web:
www.paksoy.av.tr
Paksoy

Work Department

Banking and Finance, Capital Markets, Islamic Finance, Mergers and Acquisitions

Position

Sera Somay is the partner heading the banking and finance practice of the firm with a specific focus on Islamic finance transactions. Sera works on syndicated and club loans for financial institutions and corporates, acquisition financing, secured financing and other structured financings. Sera advised on the first international Sukuk issuance by the Republic of Turkey and the first Sukuk issuance by a Turkish Islamic bank. She also works on murabaha syndications of Turkish participation banks as well as their annual sukuk issuances. Sera also advises on regulatory M&As across a variety of sectors with a focus on Banking M&As.

Languages

English, French, Turkish

Member

Istanbul Bar Association, International Bar Association

Education

New York University, School of Law, LL.M.
Istanbul University, School of Law


Turkey

Banking, finance and capital markets

Within: Banking, finance and capital markets

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. Ökkeş Şahan was promoted to counsel.

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Restructuring and insolvency

Within: Restructuring and insolvency

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.

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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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