Bezen & Partners > Istanbul, Turkey > Firm Profile

Bezen & Partners
Dereboyu Cad. Bilim Sok. Sun Plaza, No: 5 Floor: 21, Maslak
34398
Turkey

Turkey > Energy Tier 1

Bezen & Partners combines expertise in regulatory law and projects work to advise energy sector clients on a variety of matters. Three key contacts coordinate the sector group: administrative law expert Aykut Bakırcı, the firm’s senior statesman whose experience includes a series of energy sector privatisation projects in his time as head of legal at the privatisation administration; project financing practice head and founding partner Yeşim Bezen; and Banu Bölükemini, who specialises in project documentation, acting for domestic and international companies.

Practice head(s):

Yeşim Bezen; Aykut Bakırcı; Banu Bölükemini

Testimonials

‘B&P have a strong knowledge of energy law, which makes them ideal to work with and different from competitors.’

‘Yeşim Bezen is one of the key people in the organisation who adds a lot of value with her background, language and legal skills.’

Key clients

Akfen Yenilenebilir Enerji

Akkuyu Nükleer

Transmark Renewables

STEAG

PNE

Public Power Corporation

SUEZ Environment

Enercon

Hitachi Zosen Inova

Trina Solar (Schweiz)

China Civil Engineering Construction Corporation

Work highlights

  • Assisting Akkuyu NGS Elektrik Üretim (a subsidiary of Rusatom) with obtaining site and construction permits and licences and relevant agreements with state entities, including a power purchase agreement.
  • Advising Hitachi Zosen Inova on the regulatory requirements and the project agreement executed with the Istanbul Metropolitan Municipality for the construction of a waste incineration and energy generation plant to be built in Istanbul.
  • Advising France-based utility company Suez Environment on the payment mechanics with various municipalities for waste water and solid waste collection services.

Turkey > Project finance/projects Tier 1

An established firm in the projects sphere in Turkey, Bezen & Partners has deep regulatory and transactional expertise, which is put to use when advising investors, developers and lenders on a wide range of power and infrastructure projects, as well as when assisting with licensing and regulatory matters. Headed by Yeşim Bezen, Banu Bölükemini, Aykut Bakırcı and Murat Soylu, the practice also advises on the development and financing of wind, solar, hydropower and waste-to-energy plant projects, as well as handling rail, road and health infrastructure deals. Recent work highlights include advising a subsidiary of Rusatom on the $22bn Akkuyu nuclear power plant project.

Practice head(s):

Yeşim Bezen; Banu Bölükemini; Aykut Bakırcı; Murat Soylu

Key clients

EBRD

Akkuyu NGS Elektrik Üretim A.Ş.

Transmark Renewables

STEAG GmbH and its subsidiaries

PNE AG and its subsidiaries

Public Power Corporation S.A.

SUEZ Environment

Enercon GmbH

Akfen Holding and its subsidiaries

Rönesans Holding

QNB Finansbank

ADN PPP Sağlık Yatırım A.Ş.

İstanbul PPP Sağlık A.Ş.

YZG PPP Sağlık Yatırım A.Ş.

Elazığ PPP Yatırım A.Ş.

Gazprombank

Work highlights

  • Advising the European Bank for Reconstruction and Development on granting a loan to Ankara Electricity, Gas and Bus Operations to finance the procurement of compressed natural gas (CNG) buses and the installation of a CNG filling station, secured by way of a guarantee granted by the Ankara Metropolitan Municipality.
  • Advising Rönesans Holding and Meridiam JV with regards to the amendment of the project agreement executed with the Ministry of Health for seven new hospitals with a total investment amount of TL1.5bn, implemented under the PPP scheme.
  • Advising SUEZ Environment on financial and regulatory matters relating to its solid waste management facility project in Çanakkale.

Turkey > Banking, finance and capital markets Tier 2

Bezen & Partners advises both domestic and international clients on a gamut of finance deals including legal advice to banks, financial institutions, IFIs, MDBs, investors and corporations in connection with acquisition and leveraged finance, asset finance, project finance (a particular niche strength of the practice) and senior, mezzanine, junior and subordinated and secured lending. Of late, the practice has advised an IFI on a loan transaction to the Istanbul Metropolitan Municipality for financing the construction of a 12 km metro line. Yeşim Bezen, Banu Bölükemini, who is highly involved in projects in the energy and infrastructure sectors, and Murat Soylu are the key names of the department.

Practice head(s):

Yeşim Bezen; Banu Bölükemini; Murat Soylu

Testimonials

‘We have worked together on finance matters. We like working with them because there is always a lead partner dealing with the matter. We have worked with Yesim Bezen and her team. She is always responsive and has business acumen, a commercial mind and reasonable approach to issues. The team is highly friendly and approachable. They generate confidence in the advice they provide. They are easy to approach and response times are in line with leading Magic Circle firms.’

‘Yesim Bezen sticks out. She has extensive legal knowledge, is pragmatic and focused and very easy to communicate with (she is fluent in German and English). Her experience from the years spent in a magic circle firm in London gives her an extra advantage as she has a unique familiarity with City of London business practices and professional expectations, invaluable when attending to transactions.’

 

Key clients

EBRD

Yıldırım Holding

QNB Finansbank

Akfen Holding and its various subsidiaries

Rönesans Holding

SUEZ Groupe

Mefar İlaç Sanayi A.Ş.

İş Portföy Yönetimi A.Ş.

STEAG Enerji Ticareti ve Hizmetleri A.Ş.

Global Financial Markets Association

China Development Bank

Gazprombank

Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO)

Work highlights

  • Advised the Black Sea Trade and Development Bank on a multimillion Dollar facility to the Istanbul Metropolitan Municipality for the construction of the Ümraniye-Ataşehir-Göztepe metro line in Istanbul.
  • Advising  a Turkish real estate investment trust, and its parent company in the restructuring of various financings undertaken by various affiliates for hotel investments in Turkey, Northern Cyprus and Russia.
  • Advised an African multilateral finance institution, on a €84m lending transaction to Aktif Bank.

Turkey > Tax Tier 2

Bezen & Partners houses a ‘very competent and time efficient’ tax team, which has ‘a great knowledge of tax regulations’. The practice, headed by Serdar Bezen and of counsel Ege Göktuna, handles a range of domestic and international tax mandates including corporate tax, VAT, customs duties, as well as tax litigation, customs disputes, and other related disputes and controversies. Clients include companies from the financial services, construction, chemicals, IT, retail and energy sectors

Practice head(s):

Serdar Bezen; Ege Göktuna

Testimonials

‘The team was very competent and time efficient.’

‘If I had to carry out a new transaction in Turkey I would definitely contact Bezen & Partners again.’

‘The team has a great knowledge of tax regulations.’

 

Key clients

Akkuyu Nükleer A.Ş.

EBRD

Trina Solar

Transmark Renewables

Udemy

YUM! Brands Inc.

Gedik Investment

Enercon GmbH

Guess

Kering

Hitachi Zosen AG

Work highlights

  • Advising Hitachi Zosen Inova on tax issues arising from its corporate structuring with its JV partner regarding the construction of a waste incineration and energy generation plant with the Istanbul Metropolitan Municipality.
  • Advising Akkuyu NGS Elektrik Üretim on all legal matters in relation to the implementation of the Akkuyu NPP project.  
  • Advising China Aircraft Leasing Group Holdings Limited on a JOLCO transaction in Turkey which included tax advice and tax structuring.

Turkey > Commercial, corporate and M&A Tier 3

Bezen & Partners advises domestic and international clients on a range of corporate matters including assisting them with their entry into the market, M&A transactions, joint ventures and strategic investments. Murat Soylu, who specialises in corporate, capital markets and finance transactions, and Serdar Bezen, head the department.

Practice head(s):

Serdar Bezen; Murat Soylu

Key clients

Rosatom State Nuclear Energy Corporation

MB UAE Investments LLC

Pangaea One Acquisition Holding XV, LLC

Public Power Corporation S.A.

PNE AG / PNE Wind Yenilenebilir Enerjiler Ltd. Şti

Suez Groupe

Rönesans Holding A.Ş.

Meridiam Infrastructure Sarl

Akfen Holding

Hitachi Zosen Inova AG

European Bank for Reconstruction and Development

STEAG GmbH

CZ Holding A.Ş.

Solarpower Enerji A.Ş.

Forest View Private Ltd.

Work highlights

  • Advising Rosatom on the development and construction of the Akkuyu nuclear power plant in Akkuyu, Mersin, Turkey.
  • Advising Hitachi Zosen Inova AG on its corporate structuring matters with its JV partner, Makyol Insaat.
  • Advising Trina Solar Limited on the restructuring of its receivables from a Turkish solar panel producer, anti-dumping and debt set off matters and corporate and financial payment mechanics.

Turkey > Dispute resolution Tier 3

Bezen & Partners' team acts for clients in litigation and arbitration proceedings, including M&A disputes, corporate, administrative law, employment, tax, real estate, aviation, energy and infrastructure mandates. Experienced arbitrator Serdar Bezen heads the team together with Aykut Bakırcı, and Cemal Araalan, who joined the team in July 2021 from PwC Turkey, and leads the litigation side of the practice.

Practice head(s):

Serdar Bezen; Cemal Araalan; Aykut Bakırcı

Testimonials

‘A very fine team for matters involving Turkish law.’

‘B&P has a strong knowledge on energy laws which makes them ideal to work with and different from competitors.’

 

Key clients

Hyundai Eurotem A.Ş.

YUM! Brands Inc.

Transmark Renewables

Baker Hughes Petrol Sahası Teçhizat ve Hizmetleri Ltd. Şti.

Akkuyu NGS Elektrik Üretim A.Ş.

Trelleborg Sealing Solutions

MR İşletme Hizmetleri Danışmanlığı A.Ş

Karjala Pulp

Trinasolar

Mayflex

Ömer Kerim Ali Rıza

Work highlights

  • Representing the Turkish subsidiary of Transmark Renewables in a lawsuit initiated by an NGO for the cancellation of the environmental impact assessment decision issued by Turkish authorities for its geothermal energy project in Turkey.
  • Representing a former Turkish football player Ömer Kerim Ali Rıza in the proceedings against the Turkish Football Federation.
  • Acting for Trelleborg Sealing Solutions on various aspects of employment law on a regular basis.

The firm: Bezen & Partners is a full-service independent law firm. Its founding members and partners have extensive experience in complex cross-border transactions, gained through their employment in the London offices of Magic Circle firms and Turkish governmental authorities.

Bezen & Partners has a proven track record of successfully implementing innovative and award-winning structures. The firm prides itself on providing its clients with a unique mix of legal and industry expertise across a wide spectrum of practice areas.

Areas of practice: Bezen & Partners advises domestic and international clients across all industries on finance, capital markets, energy, infrastructure, privatisations, corporate law and M&A, real estate, employment, IP & IT laws, dispute resolution and tax.

Finance and capital markets: the firm’s well renowned finance and projects practice is known for its commercially oriented approach and its ability to combine legal expertise with practical experience to deliver timely solutions that are sensible, balanced and tailored to client needs. Our capital markets practice has advised issuers and institutional investors on award-winning debt issuances and leading capital market infrastructures on regulatory compliance and product structuring. Our capital markets client offering includes a full spectrum of primary and secondary debt and capital offerings, swaps and derivatives, corporate governance and regulatory compliance matters.

Energy: the firm regularly advises developers, contractors, investors and lenders on a wide range of power generation projects and assists with licensing, land, regulatory matters and project agreements. The firm’s energy clientele includes the project company for the US$22bn Akkuyu Nuclear Power Plant and several international renewable energy developers. The firm also has a strong oil and gas practice encompassing the construction, financing and operation of pipelines and gas storage facilities.

Infrastructure: the firm has extensive experience in greenfield and brownfield infrastructure projects. The firm’s work highlights include advising subcontractors on the $4.1bn Marmaray Transit and $1.1bn Eurasia tunnel projects and advising sponsors on a total of 14 healthcare PPP projects.

Privatisation: headed by the former head of legal of the Turkish Privatisation Administration, the firm’s regulatory department offers unparalleled experience and unique insight into privatisation practices and processes.

M&A: the firm’s M&A practice has implemented landmark acquisitions, divestments and joint ventures and is regularly commended for its ability to combine legal experience with industry knowledge in a practical and commercially minded way. The firm’s work highlights include advising Akfen Holding on the restructuring of its operations in the energy market comprising of more than 50 renewable energy projects, the subsequent sale of such operations and advising EBRD on the acquisition of a strategic minority stake in Turkey’s Stock Exchange.

Corporate and commercial: the firm’s corporate and commercial practice delivers first-rate advice across the full life-cycle of businesses, offering dedicated and continuous support to clients.

The firm assisted China Aircraft Leasing Company (CALC) in the implementation of the first true JOLCO in Turkey by closely working with the governmental authorities on structuring of the transaction and drafting of the documentation.

Real estate: the firm offers advice to property owners, developers, contractors, financiers, funds, asset management and development companies, in relation to the acquisition, development, leasing/renting and sale of commercial property inside and outside of special investment zones, organised industrial zones and free trade zones. The firm also assists clients on commercial property disputes and in land agreement negotiations with various state entities.

Dispute resolution: the firm’s dispute resolution practice has a proven track record of successfully representing clients in various ad-hoc and institutional arbitration and litigation proceedings across a number of industries and jurisdictions.  The firm is involved in many high profile international institutional arbitration cases in construction, energy and shareholder disputes. Serdar Bezen is a listed arbitrator at the London Court of International Arbitration and the Shanghai International Arbitration Center.

Tax: the firm’s tax practice offers a multi-disciplinary approach to help clients develop robust structures that maximise tax efficiency in alignment with their commercial strategy, devising timely, effective and innovative solutions across a full range of international and domestic tax issues. The firm advises on the tax implications of capital markets transactions, banking and finance transactions, energy and infrastructure investments and also handles tax litigation.

IP & IT law: the firm has substantial expertise in intellectual property and information technology matters covering both transactional and litigation work. The firm advises clients on licensing, trademark registration, infringements, patents and designs, invalidation of trademarks and injunctive reliefs as well as information technology laws with particular focus on privacy and data protection, e-commerce, e-money, licensing, software procurement, mobile applications and the associated regulatory and compliance matters.

DepartmentNameEmailTelephone
Partner Murat Soylumurat.soylu@bezenpartners.com+90 212 366 6802
Senior Partner Yeşim Bezenyesim.bezen@bezenpartners.com+90 212 366 6804
PhotoNamePositionProfile
Aykut Bakırcı photoMr Aykut BakırcıAykut Bakirci advises domestic and international clients on a wide-range of Turkish…
Serdar Bezen photoMr Serdar BezenSerdar Bezen advises domestic and international clients on a wide-range of Turkish…
Yeşim Bezen photoMrs Yeşim BezenYesim Bezen is a founding partner of Bezen & Partners. She assists…
Banu Bölükemini photoMs Banu BölükeminiBanu Bölükemini advises domestic and international clients on a wide-range of Turkish…
Murat Soylu photoMr Murat SoyluMurat Soylu is a partner of Bezen & Partners. He assists domestic…
Number of partners : 5
Number of lawyers : 40
English
French
German
Turkish
International Bar Association
London Court of International Arbitration
International Chamber of Commerce
Law Society's International Division
British-Turkish Lawyers Association
Law Society of England and Wales
CCI France - Turquie
Shanghai International Economic and Trade Arbitration Commission
AHK Deutsche Handelskammer

Diversity, inclusion and social matters

Our lawyers come from many different backgrounds.

We pride ourselves on our open, fair and inclusive office environment where individuality is nurtured and everyone is provided opportunities to reach their true potential. We strongly believe that promoting diversity and inclusion breeds creativity in teamwork and encourages a broader range of viewpoints, which in turn allows us to better serve our clients.

This philosophy is one of the key elements to our success.

Currently, our office’s partnership is 33% female and women account for 40 % of our overall workforce. Our workforce is also diverse with regard to religious beliefs and race. This is well above the industry average. We acknowledge that there is always room for further improvement in terms of gender balance, inclusion and representation as to race and ethnicity, sexual orientation, social background, age, disability and all other differences. In addition to specific recruitment targets, we have internal programs designed to help us make incremental progress towards achieving and maintaining a diverse workforce and a fair and inclusive work-environment.

Finally, we place great value on supporting local communities, social mobility projects and animal welfare. We have initiatives in place to offer pro-bono legal assistance to LGBT communities and disadvantaged local communities through a number of non-profit organisations and our firm offers pro-bono English language training to our administrative staff and their families.

Ege Göktuna, Tax Counsel

Ege Göktuna, Tax Counsel of Bezen & Partners, discusses the current state of the Turkish legal market and how his firm is adapting to the changing landscape

What do you see as the main points that differentiate Bezen & Partners from your competitors?

Bezen & Partners differentiates itself from other leading Turkish law firms by providing not only the mainstream legal practice areas but also focusing on specialist practice areas, such as regulatory, technology, compliance, tax structuring and tax litigation.

Founded by ex-Magic circle lawyers, Bezen & Partners continues the tradition of hiring the best and brightest from law schools and training them in-house. Throughout the years, the firm has faced and endured changing circumstances from a heavy deal flow during the early 2000s with only a few competitors to the more recent challenging economic and competitive environment in a world of health crisis. As a full service law firm, Bezen & Partners tailors the best available solutions to the business needs of its clients with a multidisciplinary approach and by following recent and upcoming developments in law and industry. This approach is highly efficient in managing risks for clients which are inherent in business transactions.

I am the Tax Counsel of Bezen & Partners and lead its tax practice. I also continue teaching as a professor at a top ranked Turkish university and give lectures and seminars at bar associations and CPA chambers. I am the author of the book “Taxation of Mergers, Divisions and Exchanges of Shares in Tax Law”. I have witnessed that behind Bezen & Partners’ professional approach lies a commitment to the team that I feel proud to be part of. I have close relations with both senior and junior team members. This organisational structure ensures that no team member is left out and there is a collective working environment through which junior members can develop themselves and senior members can control quality of the work output and manage the workflow.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

The pandemic progressed quickly beyond China’s borders and Turkey entered into a full lockdown in March 2020. Thereafter, partial lockdowns, travel restrictions and social-distancing measures continued followed by an economic recession. In addition to the unexpected change in the business landscape, we were also experiencing a drastic change in our daily lives and personal and professional routines. As lawyers, however, we focused on the needs of our clients across industry sectors.

During the pandemic, we experienced a puzzling development: stock markets were reaching new highs as the recession deepened. Certain sectors – i.e. technology – benefited from the crisis whereas other sectors – i.e. automotive and tourism – suffered extremely. The impact was further aggravated by a change of tax rules.

In the months that will follow, we expect to witness legal developments to frame the use of new technologies, digitalisation and new configurations of operations. There is a need to define and structure these changes, including cybersecurity issues, data protection and fin-tech. The pandemic has seen an enormous increase in the use of information technology and information law has become essential, especially in the context of data protection. Due to a dramatic increase in transactions of goods and services taking place through digital channels, the taxation of the digital economy, which is a long-term issue for tax authorities, has become more urgent. The economic loss caused by the pandemic led governments to introduce digital service and similar taxes to increase revenue. As all businesses currently undergo a digital transformation, the taxation of the digital economy will be the focal point in the years to come.

The pandemic has led to the acknowledgement that the current world-wide economic system is inflicting increased environmental pollution and damage. Sustainability has also become a top priority. Businesses will have to respond to these concerns and restructure in a more environmentally conscious way. Green economy offers growth opportunities in critical sectors such as energy, mobility and agriculture and green technology will mark another milestone in the changing business landscape. There currently do exist tax reductions and incentives to expedite the development of this particular sector and we expect this focus to continue.

What’s the main change you’ve made in the firm that will benefit clients?

The firm has integrated its tax services with its litigation services. In line with the expansion of its litigation team by hiring a new partner, Özer Arda, the firm now provides litigation services on a broader scale. The firm believes that the synergy created with the integration of the litigation team and the tax team will offer clients invaluable tax litigation services.

Another important development over the last year in tax law has been the introduction of tax restructuring opportunities. The deferral of public debts and certain partial discounts are intended to provide a slight relief to taxpayers that are struggling to keep up with their payment obligations due to the adverse economic impact of the pandemic. The firm kept its clients up-to date on this and provided legal assistance in relation to the associated application procedures.

Is technology changing the way you interact with your clients, and the services you can provide them?

Bezen & Partners was already well equipped from a technological standpoint when the pandemic hit. Accordingly, it was easy for our lawyers to work remotely from home and to further embrace new technologies in order to be able to engage with clients through new media and communication channels. Therefore, large-scale lockdowns, travel restrictions and social-distancing measures had little impact on the functioning of our firm. Our clients have been able to access our services promptly. With online newsletters, briefings and articles published on our social media platforms, clients were kept up to date. Digital communication with clients has increased interaction with clients around the globe with videoconferencing becoming the norm.

Can you give us a practical example of how you have helped a client to add value to their business?

Bezen & Partners takes a proactive approach in informing clients regarding business opportunities in the market and legal changes. We regularly organise workshops and client events. We circulate a business newsletter which encompasses news regarding upcoming projects in major sectors such as energy, infrastructure and transportation.

We also circulate legal alerts regarding recent legal developments and have a pandemic task force within the firm to inform clients immediately when action needs to be taken in light of new legislation. Due to the fast changing landscape we also offer discussing with clients the structuring of new business investment opportunities or business needs as part of client care.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

Bezen & Partners has been founded by ex-Magic circle lawyers and through the years expanded by hiring bright graduates and training them in-house. After I joined the team, I immediately noticed the commitment of the firm to its new generation of lawyers. Since its foundation, Bezen & Partners has shown resilience during changing circumstances. Although the pandemic has put pressure on working conditions, I believe that with the flexibility and resilience earned, Bezen & Partners will overtime these times and show stability and continuity. The firm will evolve together with clients as new business models and markets emerge. The strategic vision of our parnters, the dedication of our team and adherence to our core values will assist in continuing to be one of the most respected full service law firms in Turkey.

PROJECT FINANCE/PROJECTS

Bezen & Partners is one of most prominent independent law firms in Turkey with a renowned projects practice. Headed by Senior Partner Yeşim Bezen, the firm’s projects team offers clients with a unique blend of first-rate local expertise and an extensive knowledge of the international project finance space.

The firm’s project practice operates through small and efficiently structured deal teams which are partner-led and supported by its regulatory team, headed by the former Head of Legal of the Turkish Privatisation Administration, Aykut Bakırcı, who leverages his unique insight in acting as the “senior statesman” in discussions with Turkish administrative entities, and its tax team which is headed by praised academic Dr Ege Göktuna, through a multi-disciplinary approach that is geared towards helping clients navigate any regulatory constraints and maximise tax efficiency.

The team’s composition allows the firm to provide advice that is always on-point, practical and effective.

Bezen & Partners’ projects practice has a proven track record of advising on numerous landmark and award-winning projects and financing structures. Some recent work highlights include:

  • A US$ 22 billion nuclear power plant project.
  • European PPP Deal of the Year for Integrated Health Campus PPP in Adana, Turkey.
  • Telecommunication system installation project for US$ 4.1 billion.

TURKEY

The firm’s dispute resolution practice has a proven track record of successfully representing clients in various litigation, mediation, ad-hoc and institutional arbitration proceedings across a number of industries and jurisdictions.

The firm has recently expanded its dispute resolution practice in light of increasing demand in the market and welcomed a new litigation partner in November 2020. Özer Arda, who was a litigation partner at another top tier law firm in Istanbul, is experienced in the resolution of commercial, employment and real estate disputes. He has represented domestic and international corporations, banks and financial institutions and led various complex litigation proceedings including in the context of alternative dispute resolution. He has also extensive experience in the recognition and enforcement of foreign court decisions and arbitral awards.

The firm is involved in many high profile international institutional arbitration cases across different sectors including construction, corporate, tax and investment disputes. Serdar Bezen, the head of the arbitration practice of the firm, is a listed arbitrator at the ICC, the London Court of International Arbitration and the Shanghai International Arbitration Center. The firm believes that utilising the deep knowledge and expertise of its various practice areas in arbitration cases creates an efficient and solution oriented service. The firm is acting as lead counsel in Turkish arbitration cases and as local counsel in cooperation with international law firms in international arbitration cases. Partners of the firm were also called to act as expert witnesses in arbitral hearings.

The firm has particular expertise in administrative law cases which is handled by its regulatory group. The head of regulatory, who was the head of legal of the Privatisation Authority before joining Bezen & Partners more than a decade ago, has higher audience experience in administrative law disputes and has defended the Privatisation Authority on many occasions before the higher administrative courts, including the Council of State. The firm advises many clients in the energy and infrastructure sector regarding the potential adverse effect of a judicial challenge, including a potential cancellation of a permit or licence issued by state organs. The firm’s regulatory practice not only advises clients of the potential outcome of these disputes but also in how to manage such outcome so not to jeopardise their investments. Discussions with state entities that are the counterparties to such lawsuits on behalf of private clients are also led and managed by the regulatory group of the firm.

The firm’s tax practice, led by its tax counsel who is a prominent law professor and practitioner, advises clients in tax structuring and tax litigation matters. It deals with tax applications in the context of tax incentives as well as with pre-dispute negotiations with the tax authorities. The group also assist clients with applications to obtain tax rulings for specific cases. Tax litigation cases are handled on behalf of clients against tax authorities (including anti-dumping cases). The firm’s tax group is also used by other dispute resolution groups in the calculation of quantum.