With ‘deep market knowledge’, the team at Paksoy is well-positioned to navigate the complexities of all phases of project financing, from due diligence to drafting and negotiating project and financing documents. Credited for forming a team of ’well-trained and enthusiastic associates who work well together to provide legal and commercial solutions’ is head Sera Somay, whose work centres on advising sponsors, lenders, and governmental bodies on PPPs, privatisations, and ECA- and DFI-backed transactions across the power, gas, mining, and construction sectors.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘In particular, Sera Somay is exceptional. She has an impressive depth of knowledge and wide-ranging experience. We believe that this allows her to immediately understand the most complex issues and offer clear, practical, and commercially sound solutions. What sets her apart is her ability to simplify challenging situations! Even without losing sight of the details. She can provide advice that is both strategic and actionable. She is approachable, very responsive, and consistently ensures we feel supported. It is obvious that her leadership and guidance elevate the entire team, which makes collaboration and teamwork efficient and highly effective.’
- ‘Sera Somay has created a team of well-trained and enthusiastic associates who work well together to provide legal and commercial solutions. Their advice is well researched and considered, and they are able to efficiently resolve complex legal issues, including where deadlines are tight.’
- ‘Sera Somay is excellent. She is hardworking and available. She has excellent insight into complex issues and is able to advise on solutions in a commercial manner.’
- ‘This firm is great because they know the Turkish energy market well and work very fast and affordably. They give clients simple, useful advice. Their partners are quick and flexible, making sure foreign investors get the information they need right away to deal with local regulations.’
- ‘What makes Paksoy unique is the ability to understand clients' needs and give business-oriented and practical solutions.’
- ‘Responsiveness and good cooperation.’
Work highlights
Advising a consortium formed by Samsung C&T and Korean sovereign wealth funds KIAMCO and KIND, on their investment in the company developing the Nakkaş-Başakşehir section of the Northern Marmara Highway Project, which attracted a total investment of EUR 1.43 billion from five project sponsors and 16 financial institutions.
Advising TÜV SÜD on the tender process for the privatisation of the construction, maintenance, and operation of vehicle inspection stations in Turkey in two regions.
Advised Bank of America Europe and ING Bank as lead mandated arrangers and First Abu Dhabi Bank as agent on a USD 500 million loan extended to Turkey Petrol Refineries (Tüpraş), a leading energy company and the largest industrial enterprise in Turkey.
Practice head
Sera Somay