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Europe Guide

Banking & Finance — Turkey

Band 1

第一等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Güniz Gökçe
- 2 partners
- 10 other qualified lawyers

What the team is known for Leading banking and finance practice which assists an enviable client base with significant acquisition and project financing matters as well as debt refinancing. Acts on behalf of international and domestic lenders, borrowers and underwriters on complex structured and syndicated loan facilities. Clients cite their co-operation with international law firm White & Case as a particular strength on cross-border mandates.

Strengths Clients appreciate the firm's long experience in this area and in-depth knowledge of the market: "Their reputation is so good, and they are able to think commercially - they don't just know the law, they also know the market really well and can predict how the banks will react."

Work highlights Represented the syndicate of Turkish lenders in the EUR4.6 billion first-phase financing of the major Third Istanbul Airport project.

Advised Goldman Sachs on the USD1.3 billion acquisition of a 13% stake in SOCAR Turkey Enerji, including all related financing matters.

Significant clients Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, DenizBank, Odeabank.

Notable practitioners 

Güniz Gökçe maintains a market-leading reputation as a "genuinely fantastic banking lawyer" who has expertise in all aspects of finance mandates. Clients describe her as "a stress-proof team player" who is particularly appreciated for her commercial awareness and accessibility: "She's very knowledgeable, not just about legal points but the commercial side as well, and we can always call her - she's easy to access."

Senior associate Ceren Şen is noted for her experience in structured and acquisition financing. She recently assisted a consortium of international lenders with the innovative structuring of Turkish mortgage covered bonds.

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Band 1

第一等

From the Chambers Europe guide

Basic facts about the department
- Heads of department: Sera Somay and Togan Turan
- 2 partners
- 7 other qualified lawyers

What the team is known for Prominent local firm handling high-end banking and corporate finance matters on a local and international scale. Acts for clients seeking acquisition, asset and project financing, and assists with structured and leveraged facilities. Frequently works with international firms on cross-border matters, and has excellent capabilities in Islamic finance.

Strengths The team attracts praise for their technical expertise and long-standing experience in this area: "It has been a great experience working with Paksoy - they really know their stuff, and they do a lot of financing so they have good reflexes and can come up with solutions quickly."

Foreign clients appreciate that "they are passionate and have experience working with international parties, so when we do a deal with them they will work day and night to finish before the deadline."

Other interviewees add that "Paksoy's banking and finance team stand out by far, particularly for Islamic finance."

Work highlights Advised BNP Paribas and other syndicated lenders on a dual transaction involving a Eurobond and a club loan, valued at USD500 million and EUR445 million. 

Advised QInvest as local counsel on a five-year murabaha mezzanine finance facility for Crescent Capital to fund its acquisition of Akocak HPP.

Significant clients J.P. Morgan, Aklease, Alternatif Bank, T.C. Ziraat Bankası, Türk Eximbank.

Notable practitioners  

Sera Somay is described by sources as "the market leader in Islamic finance" and has a growing reputation for her work in the broader finance sphere. Clients particularly appreciate her "significant experience and pragmatic, efficient and deal-focused outlook."

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Band 1

第一等

From the Chambers Europe guide

What the team is known for Leading local outfit providing transactional, operational and regulatory advice to top local financial institutions. Handles all manner of structured finance in addition to venture capital and private equity transactions.

Strengths Clients are impressed by the firm's "huge reputation in banking," with sources adding that "they are active on the biggest banking and finance deals in the market."

The team also attracts praise for its "aggressive approach in negotiations."

Notable practitioners  

Sources describe Can Verdi as a "very reputable name in the market and a very well-known lawyer," who maintains a reputation as one of the most experienced banking and finance practitioners in the field.

Mevlan Kuru is described by clients as "an impressive lawyer" who is praised for her "in-depth knowledge of both legal and business aspects of financing deals," as well as her "very good negotiation techniques."

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Band 2

第二等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Barlas Balcıoğlu
- 3 partners
- 8 other qualified lawyers

What the team is known for Well-regarded firm which moves up in the rankings this year in recognition of its growing presence and expertise in this area. Represents Turkish and global financial institutions in a range of financing transactions, particularly multicurrency, multi-tranche and syndicated loan facilities. Also active on project financing, refinancing and acquisition financing mandates. Benefits from the vast international office network of associated firm Dentons when acting on complex cross-border matters. 

Strengths The team attracts glowing reviews praising their accessibility and responsiveness: "All of them are prompt and fast in answering our requests - they work weekends, they work late nights and their efficiency and promptness are real strengths."

Clients also appreciate "their expertise and ability to reach international partners," adding that the team is "customer-oriented, well equipped and trustworthy."

Work highlights Assisted Bank of America with various high-value mandates, including the provision of a USD65 million syndicated term loan facility to Aklease.

Advised Bainbridge on entry into an English-law loan agreement with Akbank.

Significant clients Mizuho Bank, Deutsche Bank, HSBC, EBRD, Yapı ve Kredi Bankası.

Notable practitioners  

Barlas Balcıoğlu is noted for his long experience in real estate financing, and regularly advises multinational and Turkish lenders on syndicated, asset and structured finance projects. Clients appreciate both his "deep knowledge" and his "ability to think commercially," adding that he is "a friendly person who understands what we are asking and manages his team efficiently."

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Band 2

第二等

From the Chambers Europe guide

Basic facts about the department
- Heads of department: Mahmut Birsel
- 1 partner
- 5 other qualified lawyers

What the team is known for Local firm with significant experience advising multinational banks and investment firms on international loan structuring and refinancing. Handles acquisition and project financings in the energy sector, as well as trade financing matters. Regularly assists financial institutions with obtaining regulatory approval in Turkey.

Strengths The team draws praise for its in-depth knowledge of the local market as well as its capacity to effectively assist international clients. Clients say: "As a Turkish law firm, its strength lies in a deep knowledge of the Turkish laws and regulation on the legal, commercial and banking sides. They have also been working with international companies in Turkey and abroad for a long time and understand the needs of foreign partners and investors."

Clients are also impressed by the firm's efficiency, stating that "their quick turnaround is a plus, especially when investors are abroad and need urgent feedback on certain matters for immediate decision making."

Work highlights Advised BNP Paribas and other senior lenders on the execution and amendment of project documents with Ankara Project regarding the USD552 million financing of a 763 MW build-operate natural gas combined-cycle power plant.

Advised Korean Infrastructure Asset Management, Global Infrastructure Fund and Nonghyup Bank as lenders on the Turkish law aspects of the mezzanine financing granted to ACWA Güç Elektrik İşletme ve Yönetim.

Significant clients Emaar Properties, Vermillion Asset Management, ENKA Pazarlama İhracat İthalat.

Notable practitioners  

Mahmut Birsel is a key contact for this practice area.

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Band 2

第二等

From the Chambers Europe guide

What the team is known for Well-regarded practice which regularly advises domestic and international financial institutions on bilateral and syndicated loan agreements. Recently active on a number of project financing and refinancing mandates in the energy sector, and also well versed in the financial aspects of privatisations and PPPs. Aided on multi-jurisdictional mandates by associated international firm Allen & Overy.

Strengths The firm draws praise for its in-depth knowledge in this area. One client says: "They have a deep knowledge, especially on regulatory issues," with another adding: "They were very helpful with the specifics of Turkish law and I believe they are well equipped to represent international organisations in complex projects."

Other clients are impressed with the quality of the firm's advice: "They don't give vague answers, they give clear opinions, so I'm very happy working with them."

Work highlights Advised the EBRD and IFC alongside other development finance institutions and Turkish banks on financing matters relating to the geothermal power project in Aydın.

Advised BNP Paribas and other Turkish and international lenders as the underwriters and bookrunners of USD4.75 billion loan facilities for Ojer Telekomunikasyon.

Significant clients ING, UniCredit, Deutsche Bank, Sberbank, Yapı ve Kredi Bankası.

Notable practitioners  

Leading lawyer Hakkı Gedik is described by clients as a "creative and solution-oriented" lawyer who is "very knowledgeable and a pleasure to work with." He regularly advises international financial institutions on a broad range of financing matters, and recently assisted ING with the Turkish aspects of the refinancing of a CCGT power plant in the Trakya region of Turkey.

Gökhan Eraksoy has significant experience of advising high-profile banking clients with project and acquisition finance as well as domestic and international loan agreements. He advised Credit Europe Bank on the financing of a EUR205 million facility for Akfen GYO secured over a portfolio of properties located in Turkey and internationally.

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Band 2

第二等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Ahmed Pekin
- 1 partner
- 4 other qualified lawyers 

What the team is known for Well-established practice which regularly advises major international banks and financial institutions on bilateral and syndicated loan facilities in Turkey, as well as regulatory compliance. Also assists clients with corporate, acquisition and project financing mandates, including transactions with leveraged finance components.

Strengths Sources comment on the firm's "huge reputation in the market" and expertise in this area, adding that they are "very strong in banking and finance, especially on the technical aspects of deals, such as analysing securities and collateral and providing a solid legal framework."

Clients also praise the firm's client service and responsiveness: "I find them really helpful, they're always very available and they respond quickly."

Notable practitioners

Ahmed Pekin maintains his reputation as one of the most respected practitioners in the Turkish banking market. He has particular experience of handling cross-border mandates on behalf of major Turkish and international financial institutions.

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Band 2

第二等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Mete Yegin
- 2 partners
- 3 other qualified lawyers

What the team is known for Best known for activity on cross-border financial matters, benefiting from an association with international giant Clifford Chance. Acts on acquisition and project finance mandates across a range of sectors, including energy, transport and healthcare. Recently active on a number of significant structured finance mandates, including trade receivable securitisations. Assists international financial institutions with interests in Turkey and also advises major Turkish banks on financing projects and transactions in foreign jurisdictions.

Strengths The team draws praise for its business-minded approach: "They approach negotiations with a commercial point of view in a constructive manner, which makes them a valuable partner."

Other add that "they are well experienced in finance projects" and provide advice that is "to the point and solution-oriented, rather than blurring things with unrealistic scenarios."

Client describe the team as "reactive and motivated" and appreciate that they are "very responsive and eager to assist."

Work highlights Advised Credit Suisse on a syndicated loan to Hema Endüstri, valued at EUR235 million.

Assisted Banco de Sabadell with the Turkish law aspects of the financing provided to Türkiye Sınai ve Kalkınma Bankası to be on-lent to wind farm projects in Turkey.

Significant clients EBRD, Bank of America Merrill Lynch, Goldman Sachs, GarantiBank, BNP Paribas.

Notable practitioners  

Mete Yegin is highly praised for his leading presence assisting major international financial institutions with their investments in the Turkish market. Clients say: "He has extensive knowledge on project and leveraged finance structures, combined with a very responsive attitude and a solid problem-solving attitude." Others add: "He is exceptionally good from a technical perspective, alongside a very commercial approach."

Clients say that associate İrem Su is "very dedicated, hands-on and always very helpful." She enters the rankings this year following praise for her broad experience in this area, which includes project finance, syndicated loan transactions and other secured and unsecured loan facilities.  

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Band 3

第三等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Yeşim Bezen
- 2 partners
- 12 other qualified lawyers

What the team is known for Frequently assists international financial institutions on bilateral and syndicated financings of acquisitions and projects in Turkey, including a number of healthcare PPP projects. Also active on behalf of domestic borrowers in the energy and infrastructure sectors.

Strengths Clients praise the firm's pragmatic and client-focused approach.

Work highlights Advised the French-Turkish consortium ADN PPP Sağlık Yatırım on project finance-related matters concerning the TRY1 billion Adana Integrated Health Campus Project.

Acted as local counsel to Akfen Gayrimenkul Yatırım on its EUR200 million refinancing.

Significant clients EBRD, Credit Suisse, Zorlu Holding, YZG Sağlık Yatırım.

Notable practitioners  

Yeşim Bezen maintains an excellent reputation in the Turkish finance market, with particular experience of handling project finance in the healthcare, energy and infrastructure sectors. She assists a broad range of international lenders including the EBRD, which she recently advised on a loan transaction to the İzmir municipality in connection with a light railway system project.

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Band 3

第三等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Mesut Çakmak
- 2 partners
- 18 other qualified lawyers

What the team is known for Ankara-based practice with a particular focus on project finance mandates, including bridge finance, healthcare PPPs and power plant projects. Assists local banks with regulatory advice and compliance issues, as well as advising international financial institutions on legislative changes and licence applications within Turkey. Benefits from an association with international giant White & Case.

Strengths Clients describe the team as "very detailed, dedicated, hands-on and solution-oriented."

Work highlights Represented the syndicate of lenders involved in the sizeable project finance of the Third Istanbul Airport.

Represented IFC, Ziraat Bankası and Finansbank as lenders in financing the EUR315 million construction and operation of the Kayseri Integrated Health Campus.

Significant clients Visa, Western Union, Commerzbank, Bank Julius Baer, Gama Holding.

Notable practitioners  

Mesut Çakmak is a key contact for this practice area.

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Band 3

第三等

Esin Attorney Partnership, a Member Firm of Baker McKenzie International, a Swiss Verein

Esin Attorney Partnership, a Member Firm of Baker McKenzie International, a Swiss Verein

From the Chambers Europe guide

Basic facts about the department
- Head of department: Muhsin Keskin
- 2 partners
- 7 other qualified lawyers

What the team is known for Growing practice which assists both domestic and international clients with project and acquisition finance, financial restructurings and loan facility agreements including structures compliant with Islamic law. Benefits from the international expertise of associated firm Baker McKenzie. Increasingly active on behalf of syndicated international lenders, which they advise on multi-tranche and dual-currency loan facility agreements with Turkish banks.

Strengths Clients appreciate the firm's pragmatic approach to solving complex legal problems: "They were very solution-focused - even when having to navigate grey areas of law they were very good at providing sensible solutions that actually worked."

The firm also draws praise for its client service from sources who describe the team as "responsive and disciplined" and add that they are "very punctual - when they give you a deadline they're never late, they are easily reachable and we know that someone will always get back to us."

Work highlights Advised a syndicate of banks including Bank of America Merrill Lynch on the extension of USD179 million and EUR640 million dual-tranche term loan facilities to Türkiye Halk Bankası.

Assisted Akbank with a USD212 million loan to Petlim Limancılık Ticaret to finance the construction of the Petlim Container Terminal.

Significant clients  EBRD, Bank of America Merrill Lynch, HSBC.

Notable practitioners  

Clients describe Muhsin Keskin as a "problem solver" who combines his "deep knowledge of issues relating to banking and finance with the ability to address complex situations and explore new structures." He has experience of structuring complex loan facilities and regularly assists international lenders with project finance mandates in Turkey.

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Band 3

第三等

From the Chambers Europe guide

Basic facts about the department
- 4 partners
- 18 other qualified lawyers

What the team is known for Long-established player in the Turkish finance market providing transactional and regulatory advice to international financial institutions, multinational banks and Turkish lenders and borrowers. Regularly handles project finance mandates in the energy and healthcare sectors, where the firm has recently been active on a number of BLT (build-lease-transfer) model finance agreements.

Work highlights Advised İş Bankası on financing an integrated health campus in Isparta using a BLT model.

Advised RES Anatolia Holding on financial and contractual issues arising from a change in the Turkish legislation surrounding renewable energy projects licensing.

Significant clients Deutsche Bank, European Investment Bank, ICD (Islamic Corporation for the Development of the Financial Sector), İş Bankası.

Notable practitioners  

Senem İşmen is a key contact for this practice.

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Band 3

第三等

From the Chambers Europe guide

Basic facts about the department
- Heads of department: Halide Çetinkaya Y��lmaz and Onur Taktak
- 2 partners
- 5 other qualified lawyers

What the team is known for Notable presence in the finance market, advising domestic and Turkish lenders on a broad range of transactional and regulatory issues. Handles acquisition, export, real estate and project finance matters. Recently active on a number of power plant financings in the energy sector.

Strengths The team draws praise for its collaborative and knowledgeable approach: "The people at Kinstellar are always happy to help and really experienced in the finance sector - it's easy to work with them because they understand everything there is to know."

Another impressed client adds that "they always do more than we ask of them."

Work highlights Assisted Akbank with a EUR330 million loan to refinance the construction and operation of the Zorlu Centre in İstanbul.

Advised Credit Suisse as underwriter and mandated lead arranger on the Turkish law aspects of a combined bond/bank financing to fund Bain Capital's acquisition of Wittur International Holding.

Significant clients Ziraat Bankası, ABK Çeşme, Kolin İnşaat, ING, EBRD.

Notable practitioners  

Clients describe Onur Taktak as a "brilliant" lawyer who has a "creative style" as well as "very strong knowledge of the banking sector." He regularly assists European, Asian and Turkish banks with cross-border loan facilities and project financing agreements. Sources say that his previous experience as in-house counsel for a major bank means "he has the lender's perspective" and "understands the mechanics behind all the deals that we do, so we are confident when we work with him."

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Band 4

第四等

From the Chambers Europe guide

What the team is known for Widely respected domestic outfit, best known for activity on project financing in the energy and infrastructure sectors. Also acts on project finance, refinancing and transactional matters for European and Turkish lenders.

Strengths Sources praise the team's business-minded approach: "Their commercial thinking was good, they handled that very well."

Notable practitioners  

Okan Beygo is a "very well known and respected" practitioner in the Turkish finance market. He has particular experience of assisting lenders with financing projects and transactions in the energy sector.

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Band 4

第四等

From the Chambers Europe guide

Basic facts about the department
- Heads of department: Erim Bener, Onur Kordel and Gözde Esen Sakar
- 4 partners
- 8 other qualified lawyers

What the team is known for Advises Turkish lenders and international financial institutions on bilateral and syndicated loan structuring. Active on refinancing mandates, including debt restructuring and rescheduling. Notably strong on mid-market finance mandates.

Strengths The "dedicated" team draws praise for its committed approach; one impressed client says that they "performed at their full capacity throughout the deal" and adds that "the lawyers were experienced in project finance, had good negotiation skills and delivered everything on schedule."

Another interviewee sums up his experience by stating that "both technically and commercially they did an outstanding job for us."

Value for money Clients say that the firm provides "good-quality service and competitive pricing."

Work highlights Assisted Sekerbank with a number of loan facility agreements.

Significant clients EBRD, EFSE (European Fund for Southeast Europe), IFC, GE Capital, Kuwait Finance House.

Notable practitioners

Erim Bener is a key contact for this practice.

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Band 4

第四等

From the Chambers Europe guide

Basic facts about the department
- Heads of department: Ece Güner and Ömer Erdoğan
- 2 partners
- 6 other qualified lawyers

What the team is known for A new entry to the rankings this year which is noted for its experience of advising lenders on financing transactions in Turkey. Highly active on project finance in the mining and energy sectors, and frequently handles trade finance mandates for Asian and European banks.

Strengths Clients of the firm appreciate "the high level of partner involvement and their excellent legal know-how."

Work highlights Advised Bank of Tokyo-Mitsubishi UFJ on a USD50 million uncommitted trade finance facility agreement with Kibar Holding.

Advised İş Bankası, Akbank and Türkiye Sınai Kalkınma Bankası as lenders in connection with the financing of two hydroelectric power plants in Turkey.

Significant clients Standard Bank, HSBC France, Korea Development Bank, Türkiye Halk Bankası.

Notable practitioners  

Ömer Erdoğan enters the rankings this year in recognition of his active banking and finance practice and particular expertise advising local and international players on project and trade finance. Clients describe him as "friendly, knowledgeable and always quick to respond," with another adding: "It is always a pleasure to work with him."

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Band 4

第四等

From the Chambers Europe guide

Basic facts about the department
- Heads of departments: Selin Bayar and Sıla Yavuz
- 3 partners
- 5 other qualified lawyers

What the team is known for Advises European lenders and domestic borrowers and guarantors on bilateral and syndicated financing transactions, including project finance in the infrastructure and energy sectors. Recently active on a number of SACE-covered facility agreements.

Work highlights Advised Finans Finansal Kiralama as the borrower on the USD60 million financing of renewable energy and energy efficiency projects by IFC.

Represented Akbank in a facility agreement between the client and Emrağ İnsaat for the financing of a hotel project.

Significant clients ING, Credit Suisse, RBS, Finansbank.

Notable practitioners  

Sıla Yavuz is a key contact for this practice.

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Band 4

第四等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Hakan Yazıcı, Pınar Başdan Çetinel and Melike Akan
- 3 partners
- 10 other qualified lawyers

What the team is known for The firm enters the rankings this year in recognition of its activity in secured and unsecured financing transactions in Turkey. Assists lenders and borrowers with acquisition finance, refinancing mandates and LBOs. Particularly active on behalf of energy clients, and recently handled a number of construction projects in the renewable and non-renewable power sectors.

Strengths Clients are particularly impressed with the firm's "pragmatic, practical" and "results-oriented" approach: "They are focused on bringing the transaction to a close and are always trying to move things forward, which is an important asset for transactional lawyers."

Clients also praise the team's "positive attitude, which makes the work much easier and more collaborative" with others adding that they "understand our priorities" and are "always attentive to our comments."

Value for money Clients cite value for money as "definitely an upside" of working with the firm, with one interviewee stating that "they are business-oriented, not clock-oriented."

Work highlights Advised Konya Şeker as borrower on a secured financing for the acquisition of a coal-fired thermal power plant through privatisation.

Represented Boyner Group in a financing transaction regarding a secured loan of USD400 million provided to the client by Qatar National Bank.

Significant clients European Investment Bank, National Bank of Greece, Odeabank, Yapı ve Kredi Bankası.

Notable practitioners  

According to clients, Hakan Yazıcı is a "very bright lawyer" who is "knowledgeable, and good at seeing the big-picture perspective." His previous experience working in-house at a major Turkish bank renders him well placed to assist financial institutions, which he frequently advises on acquisition and project finance as well as refinancing matters.

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  • Associates to watch

    Ceren Şen

    (Çakmak-Gökçe Avukatlık Bürosu)

    İrem Su

    (Yegin Çiftçi Attorney Partnership)

Senior Statesmen

Pekin & Pekin

From the Chambers Europe guide

Ahmed Pekin maintains his reputation as one of the most respected practitioners in the Turkish banking market. He has particular experience of handling cross-border mandates on behalf of major Turkish and international financial institutions.

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Band 1

Gedik & Eraksoy Avukatlık Ortaklığı

From the Chambers Europe guide

Leading lawyer Hakkı Gedik is described by clients as a "creative and solution-oriented" lawyer who is "very knowledgeable and a pleasure to work with." He regularly advises international financial institutions on a broad range of financing matters, and recently assisted ING with the Turkish aspects of the refinancing of a CCGT power plant in the Trakya region of Turkey.

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Band 1

Çakmak-Gökçe Avukatlık Bürosu

From the Chambers Europe guide

Güniz Gökçe maintains a market-leading reputation as a "genuinely fantastic banking lawyer" who has expertise in all aspects of finance mandates. Clients describe her as "a stress-proof team player" who is particularly appreciated for her commercial awareness and accessibility: "She's very knowledgeable, not just about legal points but the commercial side as well, and we can always call her - she's easy to access."

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Band 1

Verdi Law Office

From the Chambers Europe guide

Sources describe Can Verdi as a "very reputable name in the market and a very well-known lawyer," who maintains a reputation as one of the most experienced banking and finance practitioners in the field.

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Band 1

Yegin Çiftçi Attorney Partnership

From the Chambers Europe guide

Mete Yegin is highly praised for his leading presence assisting major international financial institutions with their investments in the Turkish market. Clients say: "He has extensive knowledge on project and leveraged finance structures, combined with a very responsive attitude and a solid problem-solving attitude." Others add: "He is exceptionally good from a technical perspective, alongside a very commercial approach."

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Band 2

ASC Law Office

From the Chambers Europe guide

Okan Beygo is a "very well known and respected" practitioner in the Turkish finance market. He has particular experience of assisting lenders with financing projects and transactions in the energy sector.

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Band 2

Bezen & Partners

From the Chambers Europe guide

Yeşim Bezen maintains an excellent reputation in the Turkish finance market, with particular experience of handling project finance in the healthcare, energy and infrastructure sectors. She assists a broad range of international lenders including the EBRD, which she recently advised on a loan transaction to the İzmir municipality in connection with a light railway system project.

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Band 2

Durukan+Partners

From the Chambers Europe guide

Begüm Durukan Özaydın recently founded Durukan + Partners. She is an experienced practitioner who handles a full range of financing mandates for major international players in the banking and financial services sector. Clients particularly appreciate the breadth of her knowledge and understanding: "Although specialised in banking and finance, she has competence in all areas of law, meaning she has a full understanding of all the legal issues in any transaction or document."

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Band 2

Gedik & Eraksoy Avukatlık Ortaklığı

From the Chambers Europe guide

Gökhan Eraksoy has significant experience of advising high-profile banking clients with project and acquisition finance as well as domestic and international loan agreements. He advised Credit Europe Bank on the financing of a EUR205 million facility for Akfen GYO secured over a portfolio of properties located in Turkey and internationally.

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Band 3

Balcıoğlu Selçuk Akman Keki Attorney Partnership (BASEAK)

From the Chambers Europe guide

Barlas Balcıoğlu is noted for his long experience in real estate financing, and regularly advises multinational and Turkish lenders on syndicated, asset and structured finance projects. Clients appreciate both his "deep knowledge" and his "ability to think commercially," adding that he is "a friendly person who understands what we are asking and manages his team efficiently."

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Band 3

Kolcuoğlu Demirkan Koçaklı Attorneys at Law

From the Chambers Europe guide

Umut Kolcuoğlu of Kolcuoğlu Demirkan Koçaklı Attorneys at Law is the key partner for financing mandates at his firm. Clients say he is an "excellent lawyer" who "is always up to speed with the necessities of the transaction and has the ability to think ahead and advise on potential legal matters before they become an issue." He is particularly well placed to assist German clients with their investments and operations in Turkey.

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Band 3

Kinstellar in association with CCAO

From the Chambers Europe guide

Clients describe Onur Taktak as a "brilliant" lawyer who has a "creative style" as well as "very strong knowledge of the banking sector." He regularly assists European, Asian and Turkish banks with cross-border loan facilities and project financing agreements. Sources say that his previous experience as in-house counsel for a major bank means "he has the lender's perspective" and "understands the mechanics behind all the deals that we do, so we are confident when we work with him."

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Band 4

Ergün Avukatlık Bürosu

From the Chambers Europe guide

Çağdaş Evrim Ergün is the founder of new firm Ergün Avukatlık Bürosu. He enters the rankings this year in recognition of his experience and expertise in project finance mandates, with particular expertise in PPP projects. He represented the sponsors Gama Holding and Türkerler in the financing of the construction and operation of the İzmir Bayraklı and Kocaeli Integrated Health Campuses.

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Band 4

Paksoy

From the Chambers Europe guide

Sera Somay is described by sources as "the market leader in Islamic finance" and has a growing reputation for her work in the broader finance sphere. Clients particularly appreciate her "significant experience and pragmatic, efficient and deal-focused outlook."

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Band 4

Turunç

From the Chambers Europe guide

Clients describe Noyan Turunç of Turunç as "a comforting presence at the negotiation table" who "leads his team seamlessly" and "is always aware of even the smallest issues, whilst also being able to advise on the big picture." He assists corporate clients and financial institutions with acquisitions, projects, bankruptcy proceedings and export and trade finance advice.

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Band 4

YazıcıLegal Law Office

From the Chambers Europe guide

According to clients, Hakan Yazıcı is a "very bright lawyer" who is "knowledgeable, and good at seeing the big-picture perspective." His previous experience working in-house at a major Turkish bank renders him well placed to assist financial institutions, which he frequently advises on acquisition and project finance as well as refinancing matters.

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Up and Coming

Güner Law Office

From the Chambers Europe guide

Ömer Erdoğan enters the rankings this year in recognition of his active banking and finance practice and particular expertise advising local and international players on project and trade finance. Clients describe him as "friendly, knowledgeable and always quick to respond," with another adding: "It is always a pleasure to work with him."

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Up and Coming

Esin Attorney Partnership, a Member Firm of Baker McKenzie International, a Swiss Verein

From the Chambers Europe guide

Clients describe Muhsin Keskin as a "problem solver" who combines his "deep knowledge of issues relating to banking and finance with the ability to address complex situations and explore new structures." He has experience of structuring complex loan facilities and regularly assists international lenders with project finance mandates in Turkey.

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Up and Coming

Verdi Law Office

From the Chambers Europe guide

Mevlan Kuru is described by clients as "an impressive lawyer" who is praised for her "in-depth knowledge of both legal and business aspects of financing deals," as well as her "very good negotiation techniques."

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Associates to watch

Çakmak-Gökçe Avukatlık Bürosu

From the Chambers Europe guide

Senior associate Ceren Şen is noted for her experience in structured and acquisition financing. She recently assisted a consortium of international lenders with the innovative structuring of Turkish mortgage covered bonds.

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Associates to watch

Yegin Çiftçi Attorney Partnership

From the Chambers Europe guide

Clients say that associate İrem Su is "very dedicated, hands-on and always very helpful." She enters the rankings this year following praise for her broad experience in this area, which includes project finance, syndicated loan transactions and other secured and unsecured loan facilities.  

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