Firm Profile > Erdem & Erdem Law Office > Istanbul, Turkey

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Erdem & Erdem Law Office > Firm Profile

The firm:

Erdem&Erdem is an international law firm dedicated to providing practical business solutions to a diverse range of clients particularly in cross-border business transactions, M&As, corporate restructuring and governance, international contracts, corporate finance, project finance, energy/renewable energy, privatizations and PPPs, private equity investments, capital markets, competition and antitrust, litigation (execution and bankruptcy) and international arbitration.

Erdem&Erdem has a team of 50 fee-earners with specializations in line with the firm’s growing reputation and diversified practice areas.

Areas of practice:

International Transactions, M&As & Private Equity

The firm advises public and private companies, private equity firms, financial sponsors, investment banks, governmental entities in a variety of complex, cross-border and strategic transactions including structuring and organizing fund sponsors and investment funds, executing acquisitions, financing and exit transactions.

Competition & Antitrust

The firm has a strong record of successful representation of the largest regulated and networked companies in Turkey, Europe, Asia, and the CIS and advisory in competition regulations.

Banking & Finance

The firm advises corporate borrowers, private equity funds, financial advisers, commercial banks, investment banks in construction and acquisition finance and refinance, project finance, banking and capital market transactions, including issuances of high-yield debt security, secured and unsecured debt offerings and private placements.

Privatization

The firm represents foreign and local clients in privatization projects in Turkey, Western Europe and Southeast Asia. Its clients encompass refinery, port, airport, energy, healthcare, real estate, consumer goods, natural resources, and infrastructure and construction industries, also banks and financial institutions.

International Contracts, Agency & Distributorship

The firm has decades of diverse experience in the field of international contracts. Team members are known for their in-depth know-how and extensive experience in drafting and negotiating all types of commercial contracts, such as agency, franchise, supply and distribution and commission arrangements, foreign representative and consultancy agreements.

Energy & Renewables

The energy sector experience includes natural gas, coal and oil-fired power plants, co-generation facilities, agricultural and municipal solid waste projects, hydroelectric projects, and wind, solar and other renewable energy facilities.

Real Estate & Construction

The firm represents investors, developers, owners, lenders, prime contractors, REITs, PPPs, subcontractors, architects, port management authorities, airlines and energy utility companies involved in the construction and development of manufacturing, distribution and operational facilities in real estate finance, joint venture, leasing, acquisition and disposition of real estate assets.

Capital Markets & Corporate Governance: the firm provides innovative solutions to a wide variety of capital raisings and compliance and governance issues the clients face in Turkey and abroad.

International Arbitration

The firm’s arbitration practice is among its most prominent field of work. The team handles commercial and treaty dispute cases under the rules of every major arbitration system and in a wide variety of industries, including energy, mining, manufacturing, transportation, telecommunications, construction, finance, manufacturing and sports arising in Western Europe, Asia, Africa, Middle East and the CIS.

Litigation & Bankruptcy

The hallmark of the litigation team is the experience of the lawyers who have been involved in litigation in almost every major practice, including M&As and post-closing disputes, insurance, transportation, breach of contract, partnership and joint venture disputes, real estate contracts, unfair competition, franchise and distributor disputes, government contracts, shareholders disputes.

Maritime Law

The firm regularly represents clients in trials and appeals of admiralty and maritime matters. Their team handles and provides efficient resolution to maritime insurance and liability claims and other transportation matters in international or coastal trade. Erdem&Erdem has been involved in both prosecuting and defending transportation claims involving marine carriers.

Aviation

The firm regularly counsels airlines, airport authorities and other aviation industry clients in civil aviation regulation and enforcement, aircraft finance, engine and aircraft leasing, competition law and antitrust, mergers and alliances, aircraft acquisition and disposition, airport terminal construction and expansion projects, as well as aviation company reorganization, and restructuring issues.

Hospitality & Leisure

The team is often engaged by foreign and local clients to provide support in all aspects of the development, acquisition, sale, financing, franchising, leasing and operation of hospitality and leisure assets that include hotels, resorts, theme parks, entertainment and sport complexes and convention centers that are abroad and in Turkey.

Intellectual Property

The firm advises clients in telecommunications, Internet, advertising, and media who develop and license intellectual property, enter into transactions involving intellectual property, acquire portfolios of intellectual property, and make strategic decisions that are based on such considerations.

Tax Law

Taking into account the fact that every commercial transaction comes with tax implications, we provide our clients with tax advisory and tax litigation services.

Legal Developments

Mert Karamustafaoglu has been promoted as Partner and Competition & Compliance Leader

6th March 2019

We are very proud of announcing that Mert Karamustafaoglu has been promoted as Partner and Competition & Compliance Leader, as of January 1, 2019.

Nezihe Boran Demir has been promoted as Managing Associate

6th March 2019

We are very proud of announcing that Nezihe Boran Demir has been promoted as Managing Associate, as of January 1, 2019.

Transfer of Türk Telekom Shares owned by OTAS is completed

6th March 2019

Within the scope of the restructuring of the loans obtained by Ojer Telekomünikasyon A.Ş. (OTAŞ) in 2013 and 2014, the transfer of the shares owned by OTAŞ, representing 55% of Türk Telekomünikasyon A.Ş.’s (Türk Telekom) issued share capital by a special purpose vehicle  incorporated directly or indirectly by the creditors was completed on 21^st of December, 2018.

Opinion of the Court of Cassation on the Contention of Expert Opinion and Expert Report

7th January 2019

The notion of Expert Opinion, which entered into our law through the Code of Civil Procedure ("CCP"), has been a frequently resorted to method of helping to resolve disputes by the parties in our judicial system over the course of time...

Arrest of Ships under Turkish Law

7th January 2019

The general principles on maritime enforcement are set out in Turkish Commercial Code ("TCC") numbered 6102. On the other hand, Turkey has ratified the International Convention on Maritime Liens and Mortgages, signed in Geneva on 6 May 1993 and the International Convention on the Arrest of Ships, signed in Geneva on 12 March 1999 and both conventions have been come into force on 25 March 2017. The provisions of these two conventions have already been taken into consideration by the drafting committee of the code, and the relevant provisions have been incorporated into the TCC in preparing the same. This newsletter reviews the principles and provisions stipulated in the TCC for the arrest of ships.  

Decision of the Court of Cassation General Assembly on the Unification of Judgments holding that an

7th January 2019

In civil procedural law, a ban on the expansion and alteration of a claim and defense comes with two exceptions; the other party's consent, and "the amendment". The parties may completely or partially amend their proceedings prior to the end of the investigation phase. Provided that the legal requirements are fulfilled, an amendment may be filed without the consent of the other party or the court, since it is a unilateral and express declaration of will directed at the court 1. For instance, the parties may amend the value of the claim, or claim compensation, instead of payment in kind for defective goods.

Share Pledges in Joint Stock Companies

7th January 2019

Share pledges in joint stock companies are not specially regulated under the Turkish Commercial Code ("TCC"). Therefore, the provisions of the Turkish Civil Code that regulate the general rule regarding pledges, shall apply. Under Turkish Civil Code Article 954, transferable receivables and other rights may be subject to pledge. The pledge established on a share in joint stock companies is a "pledge right established on the right." A pledge is established on shareholding rights. A pledge on receivables and rights is subject to the principles of movable pledges. (Turkish Civil Code Article 954/2).

Updated FIDIC Contracts

3rd January 2019

International Federation of Consulting Engineers that is known by the abbreviation of FIDIC (Fédération Internationale Des Ingénieurs-Counseils) launched updated Red Book (the Conditions of Contract for Works of Civil Engineering Construction), Yellow Book (the Conditions of Contract for Plant and Design-Build)) and Silver Book (the Conditions of Contract for EPC/Turnkey Projects) in the "International Contract Users Conference," organized in London in December of 2017...

Recent Developments in the Right of Access to Files

3rd January 2019

The parties of an investigation that is conducted in accordance with the Act on the Protection of Competition No. 4054 ("Competition Act") may enjoy the right to access the files concerning them that are drawn up by the Competition Authority ("Authority"). The procedures and principles related to use of this right are regulated via Communique on the Rules for Access to Files and the Protection of Trade Secrets No. 2010/3 ("Communiqué"). For the parties, it is very important to exercise their right to access to files properly, since the relevant right has a direct correlation to their right to defense. Therefore, this article focuses on the discussions that may rise during the exercise of the right to access the files in light of the recent Competition Board ("Board") decisions...

The General Data Protection Regulation in Force

3rd January 2019

The General Data Protection Regulation ("GDPR" or "Regulation")1 that was approved by the European Union ("EU") Parliament and entered into force in 2016 has started to be applied as of May 25, 2018. The GDPR lays down rules relating to the protection of natural persons ("data subjects") with regard to the processing of personal data, and rules relating to the free movement of personal data. With this Regulation, it is intended to protect the privacy of the data subjects more strictly, and to reorganize data privacy laws across Europe. Also, it is worth to note that, international companies, as well as Turkish companies, are under the obligation to comply with the GDPR, provided that their activities fall under the scope of the GDPR.

Scope of the GDPR...

General Information on Registration to the Data Controllers Registry and the Decision of the Persona

3rd January 2019

Law on the Personal Data Protection numbered 6698 ("Law") was accepted on 24 March 2016 and entered into force, except for certain articles that are reserved, through publication in the Official Gazette dated 7 April 2016 and numbered 29677...

Amendments Introduced through Law No. 7101 on Arbitration Proceedings

10th October 2018

State courts have very important functions concerning arbitration proceedings. These functions may aim to provide assistance to arbitration proceedings, such as collection of evidence through state courts, which would support the functions of the tribunal, or functions aimed at supervision of arbitration proceedings, such as set-aside actions. The legal provisions regulating these functions play an important role in the determination of whether a particular state has an arbitration-friendly legislation.

Amendment of ICSID Rules and Regulations

10th October 2018

At the 2016 Annual Meeting of the Administrative Council, the International Centre for Settlement of Investment Disputes ("ICSID") launched an amendment process on its' rules and regulations ("ICSID Rules and Regulations"). This has been the fourth amendment process since 1984, 2003 and 2006. As per Article 6 of the ICSID Convention, the amendments will only be effective upon the approval of two-thirds of the contracting states2. Hence, ICSID invited contracting states and the public3 to provide their amendment suggestions on topics worthy of consideration, which will be used as background papers throughout the process.

Trust Liability in terms of Groups of Companies

4th October 2018

Article 209 of Turkish Commercial Code No. 6102 ("TCC") has set forth obligations that are subject to damage caused by the trust and reputation of the parent company, as created with society and the consumer. Accordingly, "in the event that the reputation of the parent company and the group of companies reaches a certain level which provides trust to society or the consumer, the parent company is liable for the trust created by utilization of this reputation".

Possibilities and the Results of Trademark Confusion

4th October 2018

Trademarks are the vehicles that are used to differentiate companies one from the other. They help to capture the consumers' attention. It is essential and necessary to protect trademarks that are created and improved with capital and effort, from unrightful use by third parties, and to prevent the encroachment of trademarks through confusion. One of the most efficient functions of intellectual property law is to encumber imitations, and to halt improper benefit by using the popularity of the trademarks to their consumers. On the other hand, in our daily lives, we often see trademarks that are similar, and may wonder how they co-exist at the same time. In this article, we will shed light on the reasons why similar trademarks can be registered, the criteria that cause trademark confusion, and the remedies to prevent and/or remove these infringements.

Recent Developments on the Enforcement and Bankruptcy Law and Concordat

28th September 2018

Introduction

A significant part of the recent legislative amendments to improve the investment environment are made to Enforcement and Bankruptcy Law (“EBL”) numbered 2004. The amendments made within the scope of Law numbered 7101 on the Amendments in Enforcement and Bankruptcy Law and Certain Laws[i] (“Law numbered 7101”) and the Law numbered 7078 on the Ratification of the Statutory Decree on Certain Regulations within the Scope of State of Emergency with Alterations[ii] (“Law numbered 7078”) shall be addressed.

[i]              Official Gazette (OG), No. 30361, March 15, 2018.

[ii]             OG, No. 30354, March 8, 2018 (bis).

Regulatory Approaches to Crowdfunding in European Union

28th September 2018

Introduction

Crowdfunding has finally entered into Turkish legislation through Omnibus Law no. 7061 dated 5 December 2017, by way of amending certain provisions of Capital Market Law numbered 6362. Although the amendments cover the mainframe of crowdfunding in a very basic form, detailed secondary legislations and policies are needed to implement crowdfunding as a successful system. In anticipation of the secondary legislation it would be beneficial to look at the regulatory approaches to crowdfunding within European Union (EU) Member States and United Kingdom (UK).

Challenging Arbitrators and LCIA Challenge Decisions

28th September 2018

Introduction

It is essential that all arbitrators are and remain, independent and impartial throughout the arbitration. Almost all institutional rules contain a provision requiring arbitrators to be impartial and independent. Examples include Article 14 of the ICC Rules where “lack of impartiality or independence” is a ground for challenging the arbitrators and Article 10 of the LCIA Rules and Article 12 of the UNCITRAL Arbitration Rules where “justifiable doubts as to the arbitrator's impartiality or independence” is foreseen as a valid ground for challenge. Other grounds for challenge include arbitrators acting contrary to the arbitration agreement and the arbitrator’s qualifications.

Management of Information Systems

28th September 2018

Introduction

As stated under Article 128 of Capital Markets Law No. 6362[i] (“Capital Markets Law”), one of the duties of the Capital Markets Board (“CMB”), among others, is to determine the procedures and principles for the supervision and operation of the management of the information systems of capital markets institutions, publicly held companies, stock exchanges and self-regulatory establishments. To this end, based on the provisions of the Capital Markets Law, Communiqué on the Management of the Information Systems (VII-128.9) (“Management Communiqué”), together with the Communiqué on the Independent Auditing of Information Systems (III-62.2) (“Auditing Communiqué,” Management Communiqué, and the Auditing Communiqué, shall collectively be referred to as the “Communiqués”) have been published in the Official Gazette dated 5 January 2018 and numbered 30292. Both the Management Communiqué and the Auditing Communiqué have entered into force with their publication in the Official Gazette. While the procedures and principals applicable to the management of the information systems for the listed establishments therein are determined under the Management Communiqué, independent auditing of information systems is further regulated under the Auditing Communiqué. This article will mainly focus on the scope of the Management Communiqué, innovations introduced thereunder, especially the obligation to keep the systems in the Republic of Turkey and, finally, the sanctions.

[i] Capital Market Law numbered 6362, OG, No. 28513, December 30, 2012.

MiFID II and its Eventual Impacts on Turkey

28th September 2018

The financial crisis of 2007–2008, which is considered by many economists to have been the worst since the Great Depression of the 1930s, has exposed weaknesses in the transparency of the financial markets. In order to restore investor confidence, strengthen transparency, and improve the functioning of the internal market for financial instruments, the European Union (“EU”) has started to draft a new regulatory framework for financial markets following the financial crisis. After seven years in the making, the Markets in Financial Instruments Directive II 2014/65/EU, and Markets in Financial Instruments Regulation 600/2014 (hereinafter together referred to as the “MiFID II”) entered into force on January 3, 2018.

As outlined, above, the new legislation includes both a directive and a regulation. While the regulation has a direct effect within the EU, the directive is to be applied by the member states in national law where there may be national discretion. This article aims to focus on the key aspects of the MiFID II and its eventual impact on third country firms i.e. on Turkey.

Canan Doksat has joined Erdem & Erdem as Tax Counsel

27th September 2018

We are proud to announce that Canan Doksat joined Erdem & Erdem as Tax Counsel. Canan Doksat graduated from Koç University Faculty of Law in 2010. She continues her LL.M at the dissertation stage in Istanbul Bilgi University. She started her working life in 2010 at EY Turkey and worked as Manager in the department of Tax and Law.