DURUKAN+PARTNERS > Istanbul, Turkey > Firm Profile

DURUKAN+PARTNERS
BESTEKAR HACI FAIK BEY SOK. NO: 6
34349 BALMUMCU, BESIKTAS, ISTANBUL
Turkey

Turkey > Banking, finance and capital markets Tier 2

DURUKAN+PARTNERS´ seven-strong practice is a solid choice for advisory regarding secured and unsecured financings, regulatory matters, restructuring and finance, and earns praise from clients for being a ‘very dedicated team, always available and able to guide through the complexity of the local authorities’. The ‘very knowledgeable and experiencedBegum Durukan Ozaydin, who can always think ‘one step ahead’ and has significant skills handling project finance and restructuring matters, heads the team.  

Practice head(s):

Begum Durukan Ozaydin

Testimonials

‘I mostly work with Begum Durukan. She is very knowledgeable and experienced and provides reliable commercial advice.’

‘Firm has very talented lawyers from top law schools therefore very easy to have a sophisticated communication. Especially Begüm Durukan can think one step ahead of the legal matter you bring to her and her contribution is very valuable in structuring a legal framework for a transaction. They can combine knowledge on different practice areas when they approaching an issue.’

‘Begum is a senior partner who has both sector knowledge and is highly experienced, and therefore can foresee the legal issues that need to be addressed and bring a new perspective to the matter in question. She is sharp, reliable, detailed yet practical. We appreciate the partner-level attention, her accessibility, her business mind, and feel in safe hands while working with her. She also has a good sense of how to approach counterparties, be it private parties or governmental agencies. She is able to reach the intended business goals in negotiations regarding legal documentation in a rational, determined and respectful approach.

‘A very dedicated team, always available and able to guide through the complexity of the local authorities. What I appreciate the most is the composition of her team with a high level of women building on their great qualities and dedication in a country where it may not be as common.’

‘Begum Durakan an incredibly dedicated professional with excellent understanding of non-Turkish practices. The ideal contact also for non-Turks who need to understand how things work in Turkey. In addition to her outstanding professional qualities I was impressed about her ability to build such a strong and experienced firm able to provide high standard legal services but also guidance to non-Turkish clients. All this starting from scratch. She has built her team with same demanding criteria.’

‘Begum Durukan is very strong in corporate and commercial matters so far as Turkish law is concerned, having working on complex corporate finance and restructuring transactions. She demonstrated excellent knowhow of Turkey’s insolvency regime and practices relating to corporate liquidations, and on syndicated financings extended by international banks to a Turkish borrower (and the restructuring of that loan).’

‘Begum bridges the divided in language and culture between Turkish and European/US counterparties, which is a key skill when doing business in Turkey as a foreigner. She is very responsive and client focused.’

Key clients

Ojer Telekomunikasyon A.Ş. and Oger Telecom Limited

Letterone Group

European Arab Bank plc (EAB)

International Finance Corporation (IFC)

MasterCard International Incorporated

Emaar Properties PJSC

China Development Bank

Sovcom Bank (Russia)

PVH Corp.

Alimentation Couche-Tard

Qatalyst Partners

Work highlights

  • Assisted IFC in connection with financings extended to Turkish borrowers or foreign borrowers with Turkish sponsors.
  • Advice to LetterOne, indirect shareholder in Turkcell, in certain restructuring and shareholding issues and concepts of capital markets laws as they may apply to Turkcell.
  • Advice to Emaar, as borrower, in connection with the $500m project finance facility regarding Emaar Square Project.

Turkey > Restructuring and insolvency Tier 2

DURUKAN+PARTNERS specialises in the restructuring of secured and unsecured financing - mainly on the borrower side - bankruptcy and insolvency. Banking and finance specialist Begüm Durukan, who is praised for his ‘client-focused’ approach, heads the department. Recent highlights include assisting Emaar in the restructuring of the $500m loan facility for the financing of the Emaar Square Project.

Practice head(s):

Begüm Durukan

Testimonials

‘Generally, first point of contact is partner. Work is well researched and accurate. The Firm has a willingness to assist in non-core areas (for example translation) if necessary, and general “can do” attitude.’

‘We work with Partner Begüm Durukan Özaydin, who works hard to meet deadlines and is client focussed.’

 

Key clients

Ojer Telekomunikasyon A.S. (OTAS)

Emaar Properties PJSC

Emaar Properties PJSC

Letterone Technology Limited

Perini Navi S.p.A.

Alimentation Couche-Tard

Europe Arab Bank

Work highlights

  • Advised Ojer Telekomunikasyon (OTAS) in the restructuring of OTAS’ $5.2bn debt to lenders including major Turkish and foreign banks.
  • Advised Emaar in the restructuring of the $500m loan facility for the financing of Emaar Square Project.
  • Advised LetterOne in certain restructuring and shareholding issues and concepts of capital markets laws as they may apply to Turkcell.

Turkey > Project finance/projects Tier 3

Begum Durukan Ozaydin, renowned as an expert in banking and finance, projects and energy, and corporate and M&A matters, heads the practice at DURUKAN+PARTNERS, which regularly advises clients from a variety of sectors on project development, project finance, operational issues, public procurement and regulatory matters. Recent work highlights include advising the developer on the refinancing of the Emaar Square project.

Practice head(s):

Begum Durukan Ozaydin

Key clients

Emaar Properties PJSC

Power Engineers Inc

Enka Power Projects

Work highlights

  • Advised Emaar Properties, as borrower, in connection with the $500m project finance facility for the Emaar Square project.
  • Advised Power Engineers Inc in connection with the settlement of a payment issue with Zorlu, as the developer of the project.
  • Advised Enka on its Adapazarı, Gebze and İzmir gas-fired power projects, with a total generation capacity of 3,840MW, on legal issues regarding operation of the plants.

Turkey > Real estate and construction Tier 4

DURUKAN+PARTNERS' real estate and construction practice, which garners praise for ‘being available at any time’, is jointly headed by Begum Durukan Ozaydin and ‘exceptional partnerHikmet Fadillioglu. The team advises on land acquisitions and lease agreements, as well as on creating rights in rem over real estate.

Practice head(s):

Begum Durukan Ozaydin; Hikmet Fadillioglu

Testimonials

We work with various teams across Europe on real estate matters and Durukan + Partners stands out for being available at any time for calls and meetings and for keeping us abreast of the ever-changing legal environment.’

I would like to single out Hikmet Fadillioglu, who is an exceptional partner. The law seems to change at a faster pace in Turkey than in many of countries that I deal with and Hikmet will proactively keep me informed of the relevant changes and the potential impact of these changes on our business.’

Key clients

Emaar Properties PJSC

An Iraqi real person

Zadig & Voltaire

Perini Navi

Enka

Work highlights

  • Advised Emaar Properties on the restructuring of the $500m loan facility for the financing of the Emaar Square project.
  • Advised Enka in connection with various legal matters concerning its projects.
  • Advised Sephora on the transfer of 19 stores from another Turkish cosmetics company by negotiating lease agreements and completing all formalities for such a transfer before the relevant governmental agencies.

Turkey > Commercial, corporate and M&A Tier 5

The practice at DURUKAN+PARTNERS regularly acts on the buy and sell side of M&A and commercial matters. The department is jointly headed by the ‘remarkableBegum Durukan Ozaydin, and Hikmet Fadillioglu, who earns praise for being a ‘dependable business partner’.

Practice head(s):

Begum Durukan Ozaydin; Hikmet Fadillioglu

Testimonials

‘Begum Durukan is a remarkable attorney with a keen insight into client satisfaction. She consistently delivers quality results in a timely basis and is able to manage difficult situations with clients who are historically very demanding.’

I have been working with Durukan Partners for many years within several industries. They have been an indispensable business partner for me and my teams in Retail, Luxury and Cosmetics with all legal topics surrounding our business.’

Hikmet Fadillioglu – a dependable business partner, who listens well not only to his clients but also to third party contacts. He has a strong commercial perspective, that has been developing throughout the years that we have been working with.

Key clients

Alimentation Couche-Tard

Ansaldo Energia SpA

Brev Bilisim A.Ş. (Brew)

BYK Otel İşletmeleri Yatırım ve Turizm Ltd. Şti. and Levist Emlak Geliştirme Otelcilik ve Turizm A.Ş.

Daniel Wellington

Dormakaba

Etam Turkey (Turkish subsidiary of Investint, formerly known as Etamint, in France)

EYY Kozmetik Sanayi Tic. A.S. (Yaemina Beauty)

Gilan

HMT LLC and HMT Turkey

International Finance Corporation (IFC)

Letterone Group and IMTIS Holdings

Pladis Food Limited

Rhodium

Gazprom Export LLC and ZMB Gaz Depo A.S.

Sephora Kozmetik A.S. and Benefit Cosmetics LLC

Christian Dior

Bvlgari

Work highlights

  • Advice to LetterOne, indirect shareholder in Turkcell, on restructuring and shareholding issues and concepts of capital markets laws as they may apply to Turkcell.
  • Advice to Sephora on all its legal needs on corporate matters in Turkey.
  • Advice to Louis Vuitton on its store opening/construction/licensing process in Bodrum/Turkey Marina which is subject to a complex licensing process.

The firm: DURUKAN+PARTNERS is a full-service law firm combining the dynamism and motivation with the reliability of long-established experience of its members, comprising lawyers who are respected in the legal market and recognised in their fields for providing top-quality, trusted legal advice. The team members have worked together in harmony throughout many years and are inspired and desirous to embrace innovation. They are respected in their fields for trusted advice; the firm and its founding partner Begüm Durukan Özaydin is ranked as a leading individual across different practice areas. Besides the core team, DURUKAN+PARTNERS also benefits from the proficiency of advisors and specialists who provide expert advice in special fields of law and assist with project management on convoluted matters.

DURUKAN+PARTNERS is an independent Turkish law firm offering its clients a flexible global reach through networks and good connections with leading law firms worldwide.

DURUKAN+PARTNERS team members have well-deserved reputations ingrained with solid legal knowledge, many years of experience in representing leading market players, and a business-oriented approach to transactions. The firm serves domestic and foreign clientele including financial institutions, multinational companies, and leading corporations, in the structuring and implementing of their investments or transactions in Turkey, and facilitating their operations. DURUKAN+PARTNERS lawyers are proud to be trusted by their foreign clientele in becoming their local business partner in their endeavours in Turkey.

DURUKAN+PARTNERS has a solution-oriented, efficient and to-the-point approach, providing legal counselling to its clients in a professional and strategic manner. The firm’s lawyers are committed to preserving trust and adding value and listening to clients, knowing their business expectations as their trusted business partner. The firm’s lawyers can provide exceptional, integrated services; possess top legal skills coupled with articulation ability; act proactively and can demonstrate awareness of clients’ business expectations.

Areas of practice: DURUKAN+PARTNERS focuses on cross-border transactions, in the main practice areas of banking and finance, capital markets, corporate and commercial work, dispute resolution, employment and immigration, insurance, mergers and acquisitions, projects, public procurement, real estate and construction, restructuring and insolvency, as listed in alphabetical order. The high capability of the team members, the quality of services delivered and the team spirit offered attract the confidence of many clients.

The team at DURUKAN+PARTNERS provides legal assistance to clients across a range of sectors and industries. The team members possess sectoral and regulatory know-how, especially in the fields of energy and infrastructure, financial services (especially banking and insurance), capital markets, insurance, life sciences, retail and luxury brands, telecoms and information technologies, as listed in alphabetical order.

The team has long served clients in banking and finance matters, including financing, structuring and implementing energy, real estate and infrastructure projects. They have acted for lenders, sponsors and contractors in complex financings including in regulated sectors, infrastructure projects, transactions governed by intergovernmental agreements, acquisition finance deals. They also assist clients in refinancings and restructurings of existing loans.

In M&A transactions, the firm represents both the buy and sell sides and has negotiated with private and public sector counterparties. It has been instrumental in obtaining required regulatory approvals and licences, negotiating and preparing transaction documents.

The team has also extensively served clients in the establishment and termination of their presence in Turkey, structuring and implementing their corporate governance practices, in corporate housekeeping, contract surveillance and management, real estate, competition, intellectual property, retail and employment matters.

In capital markets work, the team has advised foreign authorised market players in the introduction of their products in Turkey and regulatory requirements applicable to transactions. They also represent clients before governmental agencies and independent regulators and provide advice to shareholders in publicly held companies in issues such as mandatory tender offers, corporate governance issues and shareholding issues.

The members of DURUKAN+PARTNERS represent clients in structuring their energy and real estate investments, provide regulatory advice and assist them with contract and licensing issues without limitation. Noteworthy clients include: Letterone, Emaar, Oger Telecom, Sephora, Ansaldo Energia and Gazprom.

DepartmentNameEmailTelephone
Banking and finance Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Banking and finance Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Capital markets Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Capital markets Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Corporation and commercial Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Corporation and commercial Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Dispute resolution Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Dispute resolution Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Employment and immigration Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Employment and immigration Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Insurance Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Insurance Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Mergers and acquisitions Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Mergers and acquisitions Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Public procurement Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Public procurement Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Projects Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Projects Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Real estate and construction Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Real estate and construction Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Restructuring and insolvency Begum Durukan Ozaydinbegumdurukan@durukanpartners.com+90 212 266 66 93
Restructuring and insolvency Hikmet Fadilliogluhikmetfadillioglu@durukanpartners.com+90 212 266 66 93
Number of lawyers : 14
English
French
German
Turkish
First Law International Network
Contact : Begum Durukan Ozaydin, Founding Partner (begumdurukan@durukanpartners.com)
Other offices : Ankara (affiliated lawyer)
Other offices : Izmir (affiliated lawyer)