Yıldırım Group – GC Powerlist
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Turkey Teams 2016

Yıldırım Group

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Turkey Teams 2016

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Yıldırım Group

About

Since 1963, Yıldırım Group has evolved into an industrially diversified group of companies as well as one of the fastest-growing Turkish industrial groups. Its legal director, Iltem Dokurlar, leads the team of five lawyers, who have a pervasive presence in the company. Using an internal mutual control system, the team can overlook every document with potential legal consequence, embedding them at the heart of the daily business operations. Gradually decreasing the use of external counsel, in the last two years the legal department has begun tailoring advice provided from law firms so that it more closely fits the needs of business peers. This has been possible due to close cooperation between departments, ultimately allowing the legal team to understand the complexity of the group. As a company that is known for its exponential growth in revenue and investment realisation, the team is actively identifying potential opportunities for growth, as well as pointing out those that may come with too much associated risk. Split into two sections, “Corporate and Finance” and “Transactional Affairs and M&A”, the team is positioned close to the project finance and structured finance teams to make sure that legal technicalities are interpreted to the best interest of the business objectives. In 2015, Yıldırım Group closed a term loan with the European Bank for Reconstruction and Development (EBRD), the first ever loan granted by the EBRD to an entity in Kazakhstan. The team successfully managed to fulfil the extensive list of condition precedents and know-your-customer process in the course of just two months while further rearranging some items, concluding the two separate but equally demanding and comprehensive work streams concurrently; the work during this process led to numerous industry awards for the legal team. Describing his team’s approach, Dokurlar says ‘the role the legal team played in the organisation is like the function a navigator has for a skilled driver. Yildirim never lacks the corporate strategy and strategic destinations that lead the business teams and keep things rolling. Although it is clear that no matter how skilled a driver or how superior the vehicle is, for a care-free, hassle-free travel they are still dependent on a decent navigator’.

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