Firm Profile > Balcioglu Selçuk Ardiyok Keki > Istanbul, Turkey

Balcioglu Selçuk Ardiyok Keki

Banking, finance and capital markets Tier 1

Balcıoğlu Selçuk Ardıyok Keki's banking and finance practice covers a wide range of transactions, including those involving project finance, acquisition finance, real estate finance and corporate lending. Elsewhere, the firm also handles a wide range of debt and equity capital markets transactions, such as initial public offerings (IPOs), private placements, sukuk issuances and structured debt issuances. Clients include corporate issuers and underwriters, international and domestic banks, and businesses in the energy, real estate, hospitality, construction and infrastructure sectors. Managing partner Barlas Balcioğlu leads the banking side of the practice, while Müfit Arapoğlu heads up the firm's capital markets offering. Günhan Yalçın is recommended for his experience of domestic and cross-border debt finance transactions.

Key clients

Yapı ve Kredi Bankası A.Ş.

Credit Europe Bank N.V.

Sberbank Switzerland AG

Bunge SA


Standard Chartered Bank

Mizuho Bank

T. İş Bankası A.Ş.

ING Bank A.Ş.

Odeabank A.Ş.


OC&C Strategy Consultants

Perea Capital LLC

Tofaş Türk Otomobil Fabrikası A.Ş.

Koç Holding

Taxim Capital

Barclays PLC

Commercial, corporate and M&A Tier 1

Balcıoğlu Selçuk Ardıyok Keki has a standout reputation in domestic and cross-border M&A, private equity transactions, foreign direct investments, joint ventures and corporate restructurings. In addition, other areas of strength include commercial contracts, franchising and privatisations. Its team, which is led by Galip Selcuk, generates work from clients in sectors such as retail, manufacturing, e-commerce, food and beverage and private equity. Selim Keki is another key figure, as is Kağan Dora, who was part of a group which joined from Cigdemtekin Cakirca Aranci Law Firm.


‘The firm is on top of the ever-changing legal environment in Turkey and is able to provide commercial and practical advice in a challenging country’.              

‘Galip Selcuk is very easy to work with and provides clear guidance where needed’.

‘Galip is able to focus on the real issues of a deal and to provide solutions to problems’.

Key clients




König & Bauer


Ocean Network


Turkven Private Equity

Yemeksepeti (Deliveryhero Turkey)

Compliance Tier 1

Balcıoğlu Selçuk Ardıyok Keki's team comprises of a mix of economists, regulatory experts and academics. It assists clients with competition-related audits and mock dawn raids, data protection, anti-bribery investigations and consumer protection issues, among other matters. Clients include large multinational corporates and domestic businesses. Selim Keki jointly leads the team with Şahin Ardıyok. Associate Armanç Canbeyli, who recently joined from Kolcuoglu Demirkan Koçakli, is also recommended.


‘Institutional background and commercial thinking’.

Key clients

Bidfood Dağıtım ve Pazarlama


Kinetic Concepts, Inc.

Frontier Credit Partners

Indigo Agriculture


Club Jolly

Kazancı Holding (Aksa)

Energy Tier 1

Balcıoğlu Selçuk Ardıyok Keki handles regulatory compliance and investigations, project finance, energy disputes, renewables, transactions, and contracts and agreements. Greenfield development expert Barlas Balcioğlu heads the team with support from litigator Özgür Akman; M&A and public tender contract specialist Selim Keki; and Şahin Ardıyok, who focuses on infrastructure and competition law. Counsel Ceren Su is also noted. Clients include Statkraft Enerji, İpragaz and Petrol Ofisi.


‘Fast, co-operative and produce quality work.’

‘Practical solutions and energetic approach.’

Key clients

Petrol Ofisi

Bainbridge Holding A.Ş.

Crescent Capital Advisory Ltd


İpragaz A.Ş.

Statkraft Enerji A.Ş.

Yapı ve Kredi Bankası A.Ş.

Media and entertainment Tier 1

Balcıoğlu Selçuk Ardıyok Keki provides advice on drafting and negotiating advertising, media buying and planning, barter, content production and inventory licensing contracts. Other areas of expertise include search engine marketing, social media management and digital performance marketing. In addition, the firm advises its media clients on corporate, M&A, regulatory, litigation and arbitration issues. Clients include IT, internet, advertising, media and entertainment, e-commerce and payment services companies. Kağan Dora joined with a team from Cigdemtekin Cakirca Aranci Law Firm and now co-heads the team alongside media operator Şahin Ardıyok and cross-border TMT transactions expert Galip Selçuk.


‘Sahin Ardiyok is the best competition lawyer in the country in relation to TMT matters’.

Key clients

Mynet Medya

beIn Turkey

Rafineri Advertising Services

GroupM (An affiliate of WPP Group Companies)

Mindshare (An affiliate of WPP Group Companies)

Mediacom (An affiliate of WPP Group Companies)

Wavemaker (An affiliate of WPP Group Companies)

The And Partnership (An affiliate of WPP Group Companies)

Connect (An affiliate of WPP Group Companies)

Advertisement Agencies Association (“Reklamcılar Derneği”)

Wunderman (An affiliate of WPP Group Companies)

Directcomm (An affiliate of WPP Group Companies)

AMVG (An affiliate of WPP Group Companies)

Heed LLC

Kantar Media



Doğan Media

Transport Tier 1

Balcıoğlu Selçuk Ardıyok Keki provides a full-service offering in transport. It advises on maritime disputes, freight and logistics, concessions and government franchises, public-private partnerships, procurement, financing, transportation transactions and regulatory matters. Maritime law and aviation expert Gülistan Baltacı Hatay heads the practice with Semih Sander, who focuses on international trade. Clients include Ocean Network Express, Qatar Airways and Emirates Airlines.

Key clients

The Swedish Club

Denizbank A.Ş.

Abn Amro Bank N.V.

Det Norske Veritas Gemi Sınıflandırma

Lufthansa Airplus Servicekarten GMHB

Catoni Deniz Isleri A.S.

Orix Aviation Systems Limited

Qatar Airways

Emirates Airlines

Competition Tier 2

Balcıoğlu Selçuk Ardıyok Keki's team excels in representing domestic and multinational companies before the Turkish Competition Authority (TCA) in on the spot inspections, behavioural investigations and merger control matters. The firm acts for clients in sectors such as energy, financial services, automotive, healthcare, pharmaceuticals, manufacturing and retail. Şahin Ardıyok co-heads the team with Bora İkiler and recently promoted counsel Evren Sesli. Associate Dilara Yesilyaprak is also recommended.


‘Both Sahin Ardiyok and Evren Sesli have deep knowledge about competition law and practices’.

‘They are open to evaluating new ideas and they can work closely in collaboration with business teams to understand their needs’.

‘Their services have been appreciated by all of our teams who were involved in projects with them’.

‘Sahin Ardiyok and Bora İkiler are outstanding individuals to work with, they are always very responsive and to the point, they understand business needs very well and respond effectively to all requests’.

Key clients


Cargill Turkey

Enerjisa (a JV of Sabancı Holding and Eon Energy)

Gitti Gidiyor (e-Bay Turkey)


Turkven Private Equity

Yemek Sepeti (Delivery Hero Turkey)


Club Jolly

Kantar Media


Total Marketing Services

Henkel Turkey

Yamaha Music


İpragaz (SHV Gas Turkey)

Cisco Turkey

BP Turkey

Socar Turkey


Peyman(Bridgepoint Advisers)



Aksa Energy


Bozlu Holding (Varinak)

FMC Corporation

Hutchinson Ports

Koenig & Bauer

KPS Capital

Meda Pharma



Kale Kilit

Tiryaki Holding

CK Holding

Bank Pozitif (Unlu Yatırım)

Cougar Drilling Solutions

Taxim Capital Advisers

National Commercial Bank

Eren Holding

Doğan Holding (D&R)

General Atlantic

JTI Turkey

Telecommunications Regulatory Authority

Petkim Petrokimya Holding

Assan (Kibar Holding)






Ulusoy Un


Petrol Ofisi (Vitol Turkey)

Reckitt Benckiser


Metro Turkey


Stadler Rail Management

Johnson & Johnson Turkey

Dispute resolution Tier 2

Balcıoğlu Selçuk Ardıyok Keki represents clients in civil and commercial litigation before trial and appellate courts in Turkey; the scope of its work in this space includes contentious inter-company matters, employment law, maritime law, IP, competition, insurance, copyright and third party transactions. In addition, arbitration matters brought before Turkish and foreign forums are another cornerstone of the practice. Practice head Özgür Akman has 15 years of dispute resolution experience.

Key clients

Bainbridge Holding

Broadway Malyan Ltd.

Green Maden Petrol

İpragaz, a SHV Energy company

J&J Medikal

Johnson & Johnson Medikal San. ve Tic. Ltd. Şti.

Johnson & Johnson Sıhhi Mal. San. Tic. Ltd. Şti

Kısmet by Milka

Lesaffre SA


NLMK Turkey Çelik Ticaret A.S

Osi Systems, Inc.

Petrol Ofisi A.Ş.

Rah Dogalgaz Petrol Maden

Schott AG

Silesia Flavours Gida

Socar Türkey Enerji A.Ş.

Toyota Tsusho Europe SA Turkiye Gebze Subesi

WBS Veri Merkezi Cozumleri LTD.

Yemek Sepeti, a group company of Delivery Hero

Employment Tier 2

Balcıoğlu Selçuk Ardıyok Keki advises on business immigration, disciplinary procedures, employment handbooks, diversity and discrimination issues, incentive plans, internal investigations, collective disputes, restructurings and redundancies, and dispute mediation. Galip M. Selcuk heads the team. Counsel Gözde Manav Kılıçbeyli is noted for her ‘excellent work and analysis’. Clients include Toyota.


‘Gözde Manav Kılıçbeyli has been able to turn around important projects very quickly.’

Key clients

Acwa Power

Toyota Tsusho Europe S.A. Turkey


İpragaz A.Ş.

Lesaffre SA

Peyman Kuruyemis


Club Jolly

IT and telecoms Tier 2

Balcıoğlu Selçuk Ardıyok Keki handles corporate, employment, IP, data protection, data privacy, dispute resolution, administrative and day-to-day matters for IT and technology clients. Other areas of expertise include software development, licensing, media, advertisement, contracts and litigation. Clients include public institutions, local and international defence companies, radio and TV broadcasters, IT companies, e-commerce businesses and payment services providers. The practice has gained momentum since Kağan Dora joined with a team of lawyers from Cigdemtekin Cakirca Aranci Law Firm in November 2018; Dora jointly leads the amalgamated group with Şahin Ardıyok.


‘BASEAK is strong at digging and providing best available solutions in a timely manner’.

‘It is apparent that, BASEAK acts as an in-house counsel in its researches and solution seeking processes, which helps us assess the legal and commercial risks’.

‘Their local knowledge of how our company worked and how the relevant law would be interpreted was very valuable’. 

‘Very responsive, good technical acumen and easy to get commercial advice from’. 

‘Very personable and easy to get along with’.

‘Exceptional commercial judgement’.

Key clients

eBay Turkey (Gitti Gidiyor)

Fujitsu Turkey

Théa Pharma Turkey

YemekSepeti (Delivery Hero Turkey)

SDT Space and Defence Technologies


Cisco Turkey

Ericsson Turkey


Parametric Technology Corporation


Taxim Capital

Telpa (General Mobile)

General Atlantic

Telecommunications Regulatory Authority


Enerjisa (a JV of Sabancı Holding and Eon Energy – New Business/Telecom)

Turkven Private Equity






Project finance/projects Tier 2

Balcıoğlu Selçuk Ardıyok Keki's team undertakes a mix of transactions for clients, including those involving project finance, acquisition finance, trade finance and commercial real estate finance. The group is led by Barlas Balcioğlu, whose experience includes bilateral and syndicated lending, structured finance, asset finance and leasing. Clients include Turkish and international banks, and other financial institutions, as well as corporate borrowers.

Key clients

Acwa Guc Elektrik Isletme ve Yonetim San. ve Tic. A.Ş.

Agence Francaise de Developpement

Bainbridge Holding A.Ş.

Crescent Capital Advisory Ltd.

ICBC Turkey Bank A.Ş.

ING Bank N.V.

Islamic Corporation for the Development of Private Sector

Mizuho Bank, Ltd.

Oddo BHF Aktiengesellschaft

Sberbank (Switzerland) AG

Standard Chartered Bank

Statkraft Enerji A.Ş.

Tofaş Türk Otomobil Fabrikası A.Ş.


Türkiye İş Bankası A.Ş.

Yapı ve Kredi Bankası A.Ş.

Real estate and construction Tier 2

Balcıoğlu Selçuk Ardıyok Keki handles real estate leasing, project finance, acquisition and disposals, construction and investment and real estate-related disputes. Other areas of expertise include commercial development, zoning, public-private partnerships and the hotels and leisure sector. Barlas Balcioğlu heads the practice. The team assisted Turkven with real estate regulatory matters relating to the acquisition of two cinema-operating companies.

Key clients

Bainbridge Holding A.S.

Yemeksepeti (Turkish subsidiary of Delivery Hero)

Bain Capital

Dominos Pizza

Thomas Cook GmbH


Nevzat Aydın (Private person)

Coca-Cola Meşrubat Pazarlama ve Danışmanlık Hizmetleri A.Ş.

Ocean Network Express

Restructuring and insolvency Tier 2

Balcıoğlu Selçuk Ardıyok Keki is adept at handling insolvency litigation, arbitration and cross-border restructurings. In addition, other areas of expertise include credit risk management, distressed M&A, insolvencies involving financial institutions, out-of-court restructurings and workouts. Galip Selçuk and Özgür Akman are the co-heads of the practice.


‘The firm has a wide range of specialisms in different legal areas’.

‘The law firm is well organised and respects deadlines’.

‘The different teams interact very well’.

‘Good price to performance ratio’.

‘Lawyers give detailed and well-founded legal advice’.

‘Lawyers have high perception skills concerning the clients’ queries’.

Key clients

Yapı ve Kredi Bankası A.S.


ODDO BHF Aktiengesellschaft

Islamic Corporation for the Development of Private Sector

Perkins Engines


MRM Turizm

Credit Europe

Intellectual property Tier 4

Balcıoğlu Selçuk Ardıyok Keki is adept at handling all aspects of trade marks, patents and copyright issues. Kağan Dora, who joined from Cigdemtekin Cakirca Aranci Law Firm in November 2018, co-leads the group with Galip M. Selcuk and Özgür Akman. Active in both contentious and non-contentious matters, the team acts for entities operating in sectors such as media, IT and telecoms, fast-moving consumer goods (FMCG) and defence.


‘BASEAK manage to response to our needs in a timely manner regardless the kind of request’.

‘BASEAK evaluates the legal and commercial risks and provide us best options and the most available solution with a business-centred approach’.

‘Balcıoğlu Selçuk Akman Keki is a well-known, reputable and very high-qualified law firm’.

‘The legal opinions they gave and litigation knowledge is a stand point that we could easily rely on’.

Key clients

eBay Turkey (Gitti Gidiyor)

Rafineri Advertising Services

Icterra Turkey (Formerly Siemens Enterprise Communications A.S. Turkey)

SDT Space and Defence Technologies

Bidfood Holding A.Ş. and affiliates

Fujitsu Turkey

GroupM (An affiliate of WPP Group Companies)

Mindshare (An affiliate of WPP Group Companies)

Mediacom (An affiliate of WPP Group Companies)

Wavemaker (An affiliate of WPP Group Companies)

The And Partnership (An affiliate of WPP Group Companies)

Connect (An affiliate of WPP Group Companies)


Advertisement Agencies Association (“Reklamcılar Derneği”)

Bloom and Fresh

The firm: Balcioglu Selçuk Ardıyok Keki Attorney Partnership (BASEAK) is an Istanbul-based full-service law firm. Drawing on broad experience gained at Turkish and global law firms, BASEAK’s lawyers are well equipped to provide creative and diligent transaction counselling and litigation services.

BASEAK has gained an outstanding reputation and valued clientele by tailoring effective legal solutions to a broad spectrum of clients of all sizes – individuals; entrepreneurs; small businesses and start-ups; governments and government agencies; and mid-sized and larger private and public corporations, including international and global entities.

Now clients benefit from a team of 85-plus lawyers and economists who are committed to offering creative business and legal solutions. BASEAK provides Turkish law services to the global law firm Dentons and combines the global expertise and network with local understanding.

Areas of practice: BASEAK’s practice focuses on a wide range of areas, including real estate, corporate, mergers and acquisitions, banking and finance, project finance, capital markets, competition and antitrust, labour, litigation and arbitration, regulatory and public law, tax,  intellectual property and telecommunications. It represents and advises a diverse client portfolio of Turkish and multinational clients, including Fortune 500 companies, in the banking and finance, corporate, real estate, hospitality and leisure, retail, automotive, energy, PPP and infrastructure, maritime, information technology, life sciences, luxury fashion and beauty, and media sectors. It provides law services in Turkish, English, French, German and Italian.

Department Name Email Telephone
Corporate and commercial Galip M. Selçuk
Corporate and commercial Dr Selim Keki
Mergers and acquisitions Galip M Selçuk
Mergers and acquisitions Dr Selim Keki
Mergers and acquisitions Doğan Eymirlioğlu
Bank finance Barlas Balcıoğlu
Bank finance Günhan Yalçın
Project finance Barlas Balcıoğlu
Project finance Günhan Yalçın
Energy, infrastructure and PPP Barlas Balcıoğlu
Energy, infrastructure and PPP Dr Selim Keki
Energy, infrastructure and PPP Şahin Ardıyok
Real estate Barlas Balcıoğlu
Capital markets Müfit Arapoğlu
Labour Galip M Selçuk
Competition Şahin Ardıyok
Antitrust Şahin Ardıyok
Regulatory and public law Şahin Ardıyok
Intellectual property Kağan Dora
Oil and gas Selim Keki
Maritime and admiralty Gülistan Baltacı
Off shore shipping business Gülistan Baltacı
Avitation Gülistan Baltacı
Maritime and admiralty Semih Sander
Media and entertainment Galip M. Selçuk
Life sciences Galip M. Selçuk
Life sciences Dr Selim Keki
Life sciences Doğan Eymirlioğlu
Luxury, fashion and beauty Barlas Balcıoğlu
Luxury, fashion and beauty Dr Selim Keki
Technology Kağan Dora
Tax Gökçe Sarısu Kanmaz
Litigation and Dispute Resolution Özge Akman Özmenlikan
IP Litigation and Dispute Resolution Mahmut Karyağdı
Photo Name Position Profile
 Müfit Arapoğlu  photo Müfit Arapoğlu
Mr Şahin Ardıyok  photo Mr Şahin Ardıyok
Mr Barlas Balcıoğlu  photo Mr Barlas Balcıoğlu
 Gülistan Baltacı  photo Gülistan Baltacı
 Kağan Dora  photo Kağan Dora
Mr Doğan Eymirlioğlu  photo Mr Doğan Eymirlioğlu
Dr Selim Keki  photo Dr Selim Keki
 Semih Sander  photo Semih Sander
 Gökçe Sarısu Kanmaz  photo Gökçe Sarısu Kanmaz
Mr Galip M. Selçuk  photo Mr Galip M. Selçuk
Mr Günhan Yalçın  photo Mr Günhan Yalçın
Number of partners : 16
Number of other lawyers : 85+
Contacts : Galip M Selçuk
Contacts : Barlas Balcioglu
Contacts : Dr Selim Keki
Contacts : Sahin Ardiyok