Bezen & Partners is ‘a leading firm in project finance, boasting a dedicated team that consistently delivers exceptional results.. The firm is currently acting for sponsors in numerous PPP hospital projects and is also active in many other key sectors, among them energy, manufacturing, mining, and aviation. Yeşim Bezen, who is ‘an exceptionally skilled lawyer with deep knowledge and extensive experience’, and the ‘highly responsive, commercially savvy, and incredibly thorough’ Banu Bölükemini, who assists banks, finance institutions, sponsors, and borrowers in finance, energy, and infrastructure deals, are the key contacts. Head of the firm’s regulatory practice Aykut Bakırcı also plays a pivotal role in major projects.
Project finance/projects in Turkey
Bezen & Partners
Responsables de la pratique:
Yeşim Bezen; Banu Bölükemini
Autres avocats clés:
Aykut Bakırcı
Les références
‘Bezen & Partners is a leading firm in project finance, boasting a dedicated team that consistently delivers exceptional results. Its specialised expertise in this niche area is invaluable, ensuring clients receive top-notch legal and strategic guidance. They have demonstrated a strong ability to navigate the complexities of project financing transactions. Their advice is practical and commercially focused, carefully balancing legal precision with the unique challenges of the project finance landscape.’
‘The firm’s partners and associates are highly accessible and responsive, always prepared to provide support. From the initial engagement to the resolution of the matter, effective communication remains a top priority.’
‘Yeşim Bezen is an exceptionally skilled lawyer with deep knowledge and extensive experience. She leads a remarkable team that consistently helps us achieve our goals, and her expertise has been invaluable. Banu Bölükemini has an excellent understanding of the complexities of our cases and demonstrates exceptional commercial insight. She is highly responsive, commercially savvy, and incredibly thorough in her work.’
Principaux clients
Akfen Holding A.Ş.
Rönesans Holding A.Ş.
Akfen Gayrimenkul Yatırım Ortaklığı A.Ş.
Eren Holding A.Ş.
Modern Karton Sanayi ve Ticaret A.Ş.
Medcem Madencilik Yapı Malzemeleri Sanayi ve Ticaret A.Ş.
MB Holding LLC
CIMC Aquila Limited
PNC Bank
Principaux dossiers
- Advised and assisted Aşiyan Enerji Üretim İnşaat Sanayi ve Ticaret A.Ş., Rönesans Enerji Üretim ve İnşaat A.Ş. and its parent company, Rönesans Holding A.Ş., in the successful review, negotiation, and implementation of a significant Euler Hermes covered facilities agreement.
- Advised and assisted Modern Karton, a Turkish paper manufacturer, in relation to the Hermes and Sinosure covered EUR 350 million financing from ING and DZ Bank for the supply of goods and services from the People’s Republic of China and the Federal Republic of Germany within the scope of the construction of a paper mill project (“PM-6”) in the Republic of Türkiye.
- Advised and assisted Akfen Holding, a Turkish real estate investment trust, and its parent company, a large Turkish conglomerate, in respect of various financings executed by various affiliates for hotel investments in Türkiye, Northern Cyprus and the CIS.
Çakmak Attorney Partnership
Çakmak Attorney Partnership‘s projects and finance group is ‘responsive, dedicated, experienced and client-oriented.’ The firm continues to be actively involved in high-profile projects, including major developments in the road infrastructure and energy sectors. It has in-depth expertise in both project development and financing, which is sought after by international developers, sponsors and financial institutions. Veteran partner Mesut Çakmak, finance and corporate law specialist Gökhan Okan, and key adviser to lenders and sponsors Mustafa Durakoğlu are the principal practitioners. Ayşe Eda Biçer Özen focuses on energy and infrastructure projects, banking and finance matters, and mining and metals law.
Responsables de la pratique:
Mesut Çakmak; Gökhan Okan; Mustafa Durakoğlu
Autres avocats clés:
Ayşe Eda Biçer Özen
Les références
‘Çakmak advises us on the day-to-day operational and contractual matters. This includes contract negotiations and negotiations with governmental entities. The Çakmak team is strong and experienced in commercial aspects of the business, particularly in infrastructure projects. They are punctual, detail-oriented, and easy to collaborate with.’
‘Mustafa Durakoğlu is experienced in complex projects and project finance matters, including negotiations with governmental entities. He is responsive, punctual, and provides sound legal advice. We find it easy to work with him.’
‘Gökhan Okan has always been available with his deep knowledge.’
Principaux clients
Sonatrach Petroleum Investment, RNS Ceyhan Petrokimya Endüstriyel Yatırım A.Ş., and Ceyhan Polipropilen Üretim A.Ş.
Garanti BBVA/ Vakıfbank/İşbank
İşbank, TSKB and Ziraatbank
Rönesans Enerji
Tatneft Europe AG
Ceska Exportni Banka
Çelikler Holding
ERG Otoyol
Yelen-Gülpınar Enerji
Principaux dossiers
- Advised Garanti BBVA, Vakıfbank and İşbank in connection with additional financing provided to Medcem Madencilik ve Yapı Malzemeleri Sanayi ve Ticaret A.Ş. for the financing of an extension to the production line in its cement factory located in Silifke, Türkiye.
- Advised Yelen-Gülpınar in connection with the ECA-backed financing made available by KfW Ipex-Bank GmbH (Frankfurt am Main) and covered by Euler for the financing, construction, and operation of the extension of an existing 35 MW Project in Çanakkale Türkiye to a 158 MW capacity.
- Advised İşbank, TSKB and Ziraatbank on an additional financing to be provided to a leading Turkish conglomerate for the financing of the cost increase in the construction of a city hospital project and the refinancing of the borrowers’ certain existing debts with the lenders.
CE Partners in association with Clifford Chance
CE Partners in association with Clifford Chance has ‘a premier projects team with comprehensive expertise and remarkable industry knowledge’. The firm handles both finance and projects work, notably in the infrastructure, energy, and healthcare sectors, thanks to a team of experts in oil and gas, mining and metals, thermal power, and renewables. Practice head Sait Eryılmaz is ‘super-reliable and provides high-quality advice’. Gökçe Uzun and Pelinsu Demircan, who ‘has the ability to come up with creative and practical solutions’, play central roles in the practice; their work spans multi-source project financing, project bonds, M&A, and project development.
Responsables de la pratique:
Sait Eryılmaz
Autres avocats clés:
Pelinsu Demircan; Gökçe Uzun; Başar Kırka
Les références
‘The firm has significant knowledge and experience. Could provide their past transaction experience to solve problems.’
‘Pelinsu Demircan has in-depth knowledge of the overall financing process and has the ability to come up with creative and practical solutions when there is a bottleneck in financing discussions within parties.’
‘A premier project team with comprehensive expertise across all sub-sectors and remarkable industry knowledge. Indeed, they are an infra powerhouse offering impressive expertise across the various sectors of the industry. They provide a strong work product and great client service. They’re user-friendly and help us achieve our deadlines and goals. The team is adept and flexible in navigating complex environments.’
Principaux clients
Actis
Asian Infrastructure Investment Bank (AIIB)
Akbank
Aksa Energy
Alternatifbank A.S.
Arçelik
Bank of America
Bank of China
Barclays Bank PLC
China Development Bank (CDB)
Ciner Group
Citibank N.A.
Denizbank
European Bank for Reconstruction and Development (EBRD)
Emirates NBD
Export Finance Norway (Eksfin)
Export Development Canada (EDC)
Nederlandse Financierings Mij. voor Ontwikkelingslanden N.V. (FMO)
Ford Otosan
Fraport AG Frankfurt Airport Services
Garanti BBVA
Goldman Sachs International
HSBC Bank plc
ICBC
International Finance Corporation (IFC)
ING European Financial Services Plc
Invest International
İşbank
İş Energy
Japan Bank for International Cooperation (JBIC)
JP Morgan
KfW IPEX-BANK GmbH
Mapa Construction
Pacific Investment Management Company (PIMCO)
Petkim Petrokimya Holding
PROPARCO
QNB Finansbank
Rönesans Holding
SACE
SOCAR
Standard Chartered Bank
Şişecam
TAV Airports
Türkiye Kalkınma ve Yatırım Bankası
Türkiye Sınai ve Kalkınma Bankası
TurkExim
Türkiye Wealth Fund
UKEF
Uludağ Energy
UniCredit
Yapı Kredi
Yapı Merkezi
Ziraat Bank
Principaux dossiers
- Advised JPM and lenders with the UKEF-covered financing provided to the Republic of Türkiye in connection with the Mersin-Adana-Osmaniye-Gaziantep High Speed Rail Project, which was undertaken by Türkiye’s Rönesans Holding Group under an EPC+F model.
- Acted as legal counsel to the arranger in respect of two facilities, covered by international ECAs to Türkiye Petrolleri A.O. in relation to Phase 1 of the Sakarya Offshore Gas Field Development Project.
Esin Attorney Partnership, Member Firm of Baker & McKenzie International, a Swiss Verein
‘Do not doubt that you will receive the highest quality service’, say clients of Esin Attorney Partnership, Member Firm of Baker & McKenzie International, a Swiss Verein. The firm frequently acts for domestic and international energy, mining, and infrastructure clients, as well as international and Turkish banks, and IFIs on operational matters, regulation, M&A, and project financing transactions. Head of banking and finance Muhsin Keskin is the principal contact. Project finance partner Simon Morgan plays a major role in matters with an English law component. Nigar Gökmen left the firm in early 2025.
Responsables de la pratique:
Muhsin Keskin
Autres avocats clés:
Simon Morgan; Seray Karaalp
Les références
‘The team’s awareness in tracking and their quick response to questions are at a very good level. We can always receive support on any matter, and they sincerely answer our questions with every request we make.’
‘Their expertise and command of the work are at a very high level.’
‘They are very good in terms of collaboration, experiences in many different financing arrangements, meeting deadlines provide up-to-date information.’
Principaux clients
SACE (Italian Export Credit Agency)
Euler Hermes
UK Export Finance
Enerjisa Enerji Üretim A.Ş.
Ferrovial Aeropuertos España S.A
Acwa Power
OYAK (Turkish Military Pension Fund)
Erdemir Madencilik
Ataer Holding
Proparco
Standard Chartered Bank
ING Bank
Intesa Sanpaolo S.P.A
Yapı ve Kredi Bankası A.Ş.
Türkiye Sinai Kalkınma Bankası A.Ş.
Türkiye İş Bankası A.Ş.
Agence Française de Développement (AFD)
Société de Promotion et de participation pour la coopération économique (Proparco)
Anagold
Socar Türkiye
RWE & Turcas Guney Elektrik Üretim A.Ş.
Alacer Gold
IC Ictas Insaat Sanayi ve Ticaret A.Ş.
Çalık Enerji
YDA Havalimanı Yatırım ve İşletme Anonim Şirketi
Biotrend Çevre ve Enerji Yatırımları Anonim Şirketi (affiliate of Doğanlar Holding)
Akbank
Artmin Mining
Principaux dossiers
- Advising Biotrend on establishing a plastic waste chemical upcycling plant, a pioneering project in this field in Türkiye and across the globe, aimed at repurposing plastics without economic value and that cannot be recycled into the circular economy as a sustainable raw material, as well as improving the efficiency of existing mechanical separation and material recovery plants.
- Advised Çimsa on its EUR 25 million loan for Çimsa’s decarbonization investments including a waste heat recovery system, a solar power plant and various improvements to reduce carbon output.
- Advised Proparco on its EUR 70 million green term loan to Re&Up, guaranteed by Sanko Holding for financing Re&Up’s construction of brand-new facilities.
Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership is ‘distinguished by its in-depth knowledge and strategic approach, particularly in handling complex, high-value projects’. Senior partner Ümit Hergüner, renowned PPP expert Senem Denktaş, project development specialist Piraye Kuranel Başol, transportation sector specialist S. Aslı Budak, and banking expert Yeşim Api Şamlı are the main practitioners. Denktaş and Başol are currently assisting IFIs and commercial banks with the construction and operation of a $1.2bn integrated health campus in the Etlik region of Ankara. The firm is also involved in energy transmission infrastructure and nuclear power plant development.
Responsables de la pratique:
Ümit Hergüner; Senem Denktaş; Piraye Kuranel Başol; S. Aslı Budak; Yeşim Api Şamlı
Les références
‘Hergüner Bilgen Üçer is distinguished by its in-depth knowledge and strategic approach, particularly in handling complex, high-value projects. The team’s ability to provide tailored solutions that align with the commercial and regulatory landscapes is a key strength. Clients appreciate their proactive problem-solving and their knack for structuring deals efficiently to meet diverse stakeholder needs.’
Principaux clients
Istanbul Metropolitan Municipality
South Stream Transport AV
Evyap Group
EBRD
Dubai Port World
Fraport TAV Antalya Terminal İşletmeciliği Anonim Şirketi
Export Development Canada
U.S. International Development Finance Corporation
IFC
EIB
K-Exim
K-Sure
BSTDB
DEG
İş Bankası
Principaux dossiers
- Represented the Istanbul Metropolitan Municipality in Türkiye’s first municipal Green Bond with a maturity of 5 years and a total amount of USD 715 million on the London Stock Exchange.
- Assisting the lenders for the Ankara Etlik project regarding the construction and operation of an integrated health campus (bed size of 3,566) in the Etlik region of Ankara under the build-lease-transfer model.
- Representing South Stream Transport B.V. in the TurkStream pipeline project, which is a regional energy infrastructure project that connects Russian natural gas reserves to Türkiye via two parallel offshore pipelines through the Black Sea and to Europe via an onshore pipeline to be built in Northwest Türkiye bordering Europe.
ASC Law Office
ASC Law Office has ‘exceptional expertise in handling complex legal structures—such as facility agreements and security documents’. Its work in project finance is of the highest quality, particularly in sectors such as hydropower, nuclear power, telecoms, and mining. Founding partner Okan Beygo and ‘outstanding and distinguished senior partner’ Levent Yetkil are standout practitioners in the project finance and infrastructure investments group.
Responsables de la pratique:
Okan Beygo; Levent Yetkil
Autres avocats clés:
Özge Çevik; Fulya Sert Topçu
Les références
‘Project finance is a complex and specialised area where knowledge of experts in the field plays an essential role. With this respect, ASC Law Office has comprehensive experience in project finance with its team consisting of well-educated, very competent and cooperative members.’
‘Levent Teykil is an outstanding and distinguished senior partner, who provides constructive, effective and prompt services. Mr. Yetkil and his team have deep knowledge of project finance practices and they are highly competent and qualified counsels.’
‘We have collaborated with ASC Law on crucial projects, including securing project finance and additional funding for major wind and solar initiatives in Türkiye. Their exceptional expertise in handling complex legal structures—such as facility agreements and security documents—has been invaluable.’
Principaux clients
T.C. Ziraat Bankası A.Ş.
Türkiye Sınai Kalkınma Bankası A.Ş.
İGA Havalimanı İşletmesi A.Ş.
İGA Holding A.Ş.
Türkiye Garanti Bankası A.Ş.
Principaux dossiers
- Representing IGA ain ll of its legal work, including but not limited to handling the EUR 5.6 billion Facility Agreement, shareholder approvals, negotiations with the Turkish General Directorate of Airports, legal processes for permits, commercial agreements, and corporate formalities.
- Provided legal advice and assistance to a Turkish public bank on securing an additional EUR 33.5 million financing for an airport project in Mersin which follows a build-operate-transfer model with a complex concession agreement.
- Advising the borrower on a USD 65 million project finance deal for establishing and operating a 100 MW solar PV facility.
Ergün Avukatlik Bürosu
Ergün Avukatlik Bürosu ‘consistently delivered strong results for us in large-scale infrastructure projects’. Çağdaş Evrim Ergün is among the standout practitioners, as is Burcu Baltacıoğlu, who frequently represents lenders and sponsors in the development and financing of several major projects in the energy and health sectors, and Pelin Ecevit, whose work centres on motorway, energy and other infrastructure projects. Tuğba Aksoy Bozkurt is also a key adviser to both local and foreign lenders and sponsors.
Responsables de la pratique:
Çağdaş Evrim Ergün; Burcu Baltacıoğlu; Pelin Ecevit; Tuğba Aksoy Bozkurt
Autres avocats clés:
Irmak Yensel Nergiz; Pınar Özceylan; Zeynep Metin
Les références
‘Ergün’s project finance team has consistently delivered strong results for us in large-scale infrastructure projects. Their expertise in managing the entire project lifecycle, from financing to regulatory compliance, sets them apart. What we appreciate most is their ability to offer practical, tailored advice that ensures the smooth execution of even the most complex projects.’
‘The project finance team at Ergün has proven to be an indispensable partner in handling large-scale infrastructure projects. Çağdaş Evrim Ergün is particularly skilled at structuring and negotiating complex project finance agreements, ensuring that all legal and regulatory requirements are met without compromising the commercial goals of the project. His clear communication style and ability to explain complex legal frameworks have been key to moving projects forward smoothly.’
‘Burcu Baltacıoğlu’s meticulous attention to detail and her ability to provide timely, well-researched advice have helped us navigate challenging projects. Irmak Yensel Nergiz’s involvement further strengthens the team, as her expertise in regulatory matters and her practical solutions add value to the smooth execution of projects.’
Principaux clients
Dumlupınar Sağlık Hizmetleri A.Ş.
Güriş Holding A.Ş
Güriş İnşaat ve Mühendislik A.Ş.
Türkiye İş Bankası A.Ş.
Türkiye Vakıflar Bankası T.A.O
Türkiye Sınai Kalkınma Bankası A.Ş.
Türkiye Kalkınma ve Yatırım Bankası A.Ş.
Gaziantep Hastane Sağlık Hizmetleri İşletme Yatırım A.Ş.
Meridiam Eurasia SAS
Rönesans Sağlık Yatırım A.Ş.
GZT Healthcare Investment B.V. (a subsidiary of Rönesans Sağlık Yatırım A.Ş.)
Fernas İnşaat A.Ş.
QNB Finansbank A.Ş.
T.C. Ziraat Bankası A.Ş.
Türkiye Halk Bankası A.Ş.
J.P. Morgan SE
JP Morgan Chase Bank N.A.
Bpifrance
ADN PPP Sağlık Yatırım A.Ş.
BRS Sağlık Yatırım A.Ş.
ELZ Sağlık Yatırım A.Ş.
YZG Sağlık Yatırım A.Ş.
Principaux dossiers
- Advised the Sponsors (Güriş Holding A.Ş. and Güriş İnşaat ve Mühendislik A.Ş.) and the Borrower (Dumlupınar Sağlık Hizmetleri A.Ş.) in the financing of the PPP model Kütahya City Hospital Project.
- Represented Türkiye Sınai Kalkınma Bankası A.Ş. and Türkiye Vakıflar Bankası T.A.O. for the Phase II capacity increase investment of an energy storage facility.
GKC Partners (in professional association with White & Case)
GKC Partners (in professional association with White & Case) is frequently involved in high-profile projects in the energy, transport and infrastructure sectors, assisting IFIs, ECAs, Islamic financiers and commercial banks. Ateş Turnaoğlu ‘stands out for his strategic vision and leadership’. He co-leads the projects group with Güniz Gökçe, who frequently assists arrangers, lenders and multilateral financial institutions with complex infrastructure financing projects. Kaan Alkan ‘brings a level of technical expertise and precision that is truly impressive’.
Responsables de la pratique:
Güniz Gökçe; Ateş Turnaoğlu
Autres avocats clés:
Kaan Alkan; Efe Soysal
Les références
‘GKC Partners has a prominent deal track record in their project finance practice. Their local market knowledge and extensive transaction experience help the clients to quickly resolve key legal matters and negotiation topics.’
‘Their clear and concise communications, commitment to deliverables, and multi-dimensional thinking and argumentation skills contribute to the client’s decision-making process.’
‘What truly sets this legal firm apart is their constant availability and hands-on approach. From the very start, they’ve been incredibly responsive, always ready to address our questions or concerns, no matter how complex or urgent. This level of accessibility has made a significant difference in our ability to move forward with confidence.’
Principaux clients
Fernas Otoyol İşletmesi A.Ş. / Fernas İnşaat A.Ş.
SASA Polyester Sanayi A.Ş. (SASA Polyester)
ICBC Turkey
Akbank T.A.Ş.
T.C. Ziraat Bankası A.Ş.
Deutsche Bank A.Ş.
KILINÇ LAW & CONSULTING
KILINÇ LAW & CONSULTING has ‘a dedicated team that combines diverse expertise, innovative practices, and a client-first mindset’. Bengü Coşkun joined from Tunc Firat Dereli Attorney Partnership in 2024 as the head of the project finance team. She works closely with finance specialist Levent Lezgin Kılınç; M&A, competition, and capital markets partner Seray Özsoy Yavuz; and Duygu Doğan Şahiner, who has experience in areas as diverse as fintech, e-commerce and AI. The group’s work spans project financing transactions, under Turkish, UK, and Islamic law.
Responsables de la pratique:
Levent Lezgin Kılınç; Seray Özsoy Yavuz; Duygu Doğan Şahiner; Bengü Coşkun
Les références
‘Potential clients can expect a dedicated team that combines diverse expertise, innovative practices, and a client-first mindset. This unique blend of strengths not only sets the practice apart from competitors but also ensures that clients receive tailored, effective solutions that drive real results.’
Principaux clients
SOCAR Group Companies
PETKİM Petrokimya Holding A.Ş.
TANAP (Trans Anatolian Natural Gas Pipeline)
STAR Rafineri A.Ş.
Bor Şeker A.ş.
Turkey Wealth Fund
Pasha Group Companies
Mersin International Port(MIP)
Psa International/Global Psa
Rma Group Companies
Valour Holding
Turkcell
Superonline Telecommunications
Nordex Energy
Alpet
Principaux dossiers
- Advised a governmental entity on the drafting and negotiation of the Framework Investment Agreement, setting out the terms and conditions of USD 1 billion investment; regulatory compliance services for ensuring that the agreement met all regulatory requirements and complied with Turkish investment laws and industry standards.
- Advised communication company Turkcell Telecommunications in relation to an ECA-backed non-recourse financing in the amount of EUR 100,000,000 provided Limited and an ECA-backed financing non-recourse in the amount of RMB1,230,000,000 (appr. EUR 300 million).
- Advised a development fund in relation to the acquisition of the target company which is currently conducting a major urban transformation project in one of the historical neighbourhoods in Istanbul.
ÖzmenYalçin
ÖzmenYalçin‘s ‘legal expertise is top-notch, and is supported by responsive and problem-solving team’. The firm is a key adviser to Turkey’s largest banks on a range of financing matters, including major project finance transactions. A prime example is the work of Ömer Gökhan Özmen and the ‘diligent’ Damla Keskin Şerbetcioğlu for lenders in the arrangement of a high-value cash loan facility to fund the development of a power plant. Güneş Yalçın, who has in-depth knowledge of structured finance, also plays a major role in the practice.
Responsables de la pratique:
Ömer Gökhan Özmen; Güneş Yalçın; Damla Keskin Şerbetçioğlu
Les références
‘Fast and efficient.’
‘Brings new perspectives, has extensive knowledge.’
‘Özmen Yalçın aims to provide solutions in a timely manner.’
Principaux clients
Yapı ve Kredi Bankası A.Ş.
Türkiye İş Bankası A.Ş.
Türkiye Sınai Kalkınma Bankası A.Ş.
Garanti Bankası A.Ş.
T.C. Ziraat Bankası A.Ş.
Türkiye Halk Bankası A.Ş.
Türkiye Vakıflar Bankası A.Ş.
Odeabank A.Ş.
Biotrend Çevre ve Enerji Yatırımları A.Ş. (Biotrend)
Ekos Teknoloji ve Elektrik Anonim Şirketi (Ekos Elektrik)
Systemair HSK Havalandırma Endüstri Sanayi ve Ticaret Anonim Şirketi (Systemair)
Alfa Solar Enerji Sanayi ve Ticaret Anonim Şirketi (Alfa Solar)
Principaux dossiers
- Assisted Yapı Kredi in relation to the financing of the acquisition of 49,04% shares of Tat Gıda (previously a Koç Holding group company), by Memişoğlu Tarım Ürünleri Ticaret Limited Şirketi as buyer, which is a Tat Bakliyat group company.
- Assisted İş Bankası, TSKB, Ziraat Bank, Halkbank, and Vakıfbank, in relation to the approx. USD 200 million refinancing of existing facilities granted to Aksa Doğal Gaz, the parent of more than 20 natural gas distribution companies in Turkey and a Kazancı Holding group company.
- Assisted TSKB in relation to the ECA-backed financing granted to Karayel Elektrik Üretim A.Ş. (Karayel) for the financing of capacity increase from 75 MW to 104.8 MW in Vize WPP.
Paksoy
Paksoy has a highly active project finance team that has a strong track record in advising lenders, sponsors, project companies, institutional investors, contractors and operators on projects in the infrastructure, energy, mining commercial property, housing, and healthcare sectors. Head of banking and finance, project finance, and energy and natural resources Sera Somay is particularly well known for her work on internationally financed power projects, acting for both international and local lenders, as well as for Turkish borrowers.
Responsables de la pratique:
Sera Somay
Principaux clients
AKA Bank
ASAŞ Alüminyum
Bayern LB
Borusan Lojistik
DZ Bank
European Bank for Reconstruction and Development (EBRD)
ING Bank
Samsung C&T, KDB Infrastructure Investment, Korea Overseas Infrastructure & Urban Development
Unicredit Bank
Principaux dossiers
- Advised a Korean consortium of Samsung C&T and Korean sovereign wealth funds KDB Infrastructure Investment (KIAMCO) and Korea Overseas Infrastructure & Urban Development (KIND) on their investment in the project company developing the Nakkaş Motorway Project, to form a joint venture with Rönesans Holding.
- Advised ING Bank N.V. and other international lenders in respect of Finnvera (Export Credit Agency)-backed financing to a Turkish company being a member of a large conglomerate in Türkiye.
- Advised EBRD on a transaction including loan facility to be utilised by Enerjisa Enerji A.Ş. which to be ultimately used for improvements of operations of several electricity distribution companies and electricity retail companies.
Balcioglu Selçuk Eymirlioglu Ardiyok Keki Attorney Partnership
Balcioglu Selçuk Eymirlioglu Ardiyok Keki Attorney Partnership calls upon seasoned finance professionals to support the funding of new projects. Heading of finance and capital markets Barlas Balcıoğlu is ably supported by project and acquisition finance expert Burcu Boso and Günhan Yalçın, whose practice encompasses lenders and borrowers on acquisition finance, structured trade and export finance, bilateral and syndicated loans, and more.
Responsables de la pratique:
Barlas Balcıoğlu; Günhan Yalçın; Burcu Boso
Autres avocats clés:
Ceyda Aydın
Les références
‘Ceyda Aydın: Excellent responsiveness and follow-up besides great know-how.’
‘The legal team is very harmonious and knowledgeable about their job.’
‘A law firm that I have been working with continuously for 12 years. My colleagues in the team know the company’s perspective and commercial approach very well. They produce solutions accordingly.’
Principaux clients
Akfen Holding A.Ş.
Akfen Yenilenebilir Enerji A.Ş.
Oesterreichische Entwicklungsbank AG
Marport Liman İşletmeleri Sanayi ve Ticaret A.Ş.
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)
Sunrise Foods International Inc.
Tiryaki Agro Gıda ve Sanayi Ticaret A.Ş.
Tiryaki Holding A.Ş.
MUFG Bank, Ltd.
Bank of America Europe DAC
Mizuho Bank, Ltd.
Emirates NBD Capital
UNICREDIT SPA
Yapı ve Kredi Bankası A.Ş.
Aareal Bank AG
ODDO BHF Aktiengesellschaft
Black Sea Trade and Development Bank
Zürcher Kantonalbank (ZKB)
Göltaş Enerji Elektrik Üretim A.Ş.
HSBC Bank Middle East Limited
HSBC Bank plc
Bank of China Turkey A.Ş.
ING Bank N.V.
Hedef Araç Kiralama ve Servis A.Ş.
Test Taşıt Muayene İstasyonları Yapım ve İşletim A.Ş.
Principaux dossiers
- Advised AKA Ausfuhrkredit-Gesellschaft mbH in EUR 29,020,0000 Euler Hermes-covered buyer credit for Ecogreen Enerji Holding A.Ş.
- Advised The Hongkong and Shanghai Banking Corporation Limited, GIFT City Branch, in relation to a secured EUR 27,000,000 loan facility to BLS International Holding A.Ş. for the acquisition of İdata Danışmanlık ve Hizmet Dış Ticaret A.Ş.
- Advised Sunrise Foods International Inc, a global provider of organic and conventional grain and feed, in a USD 257,500,000 refinancing facility provided by a syndicate of banks including Rabobank, HSBC Canada and Credit Europe to Sunrise Foods.
Boden Law
Boden Law has a broad practice that spans project finance, M&A, energy trade transactions, investment rounds, and joint ventures. Founding partner Değer Boden is highly regarded for her in-depth knowledge of the energy sector. The real estate-focused İnanç Akalın also plays a key role in the practice.
Responsables de la pratique:
Değer Boden; İnanç Akalın
Principaux clients
CCN Holding
Erciyas Holding
Sanko
Statkraft
Mercedes Benz
Steag/İsken
Aksa Enerji
Koç Entek
Tırsan
Gunvor SA
Aalborg CSP A/S
Hitachi Energy Turkey Elektrik Sanayi Anonim Şirketi (“Hitachi Energy”)
C2FO
Principaux dossiers
- Represented Koç Entek regarding its acquisition of 54,4 MWm/50 MWe wind power plant with a total deal value of USD 53 million.
- Represented Gunvor in two separate fuel purchase financing transactions and their security packages with deal values of USD 80 million and 225 million respectively.
- Representing Hitachi Energy in its acquisition and purchase of new factory and sale of its old factory building.
DURUKAN+PARTNERS
DURUKAN+PARTNERS is known for its work on secured and unsecured project finance transactions, restructurings, regulatory advice, and support with public procurement. Acting for sponsors, lenders, borrowers and ECAs, it is particularly active in the energy, infrastructure, and real estate sectors. The highly respected Begüm Durukan Özaydin handles finance, project development, and energy sector matters, as well as corporate law and M&A deals. She is ably supported by corporate partner Hikmet Fadillioğlu.
Responsables de la pratique:
Begüm Durukan Ozaydın; Hikmet Fadıllıoglu
Principaux clients
China Development Bank
Emaar Libadiye, Emaar Properties
Ansaldo Energia SpA
Apple Inc.
Enka İnşaat ve Sanayi A.S.
IFC
Principaux dossiers
- Advised Ansaldo as shareholder in connection with the default under the financing documents of Yeni Elektrik, the operator of the 865 MW gas-fired combined cycle power plant in Gebze.
- Advised Emaar in connection with the refinancings of the Emaar Square Project in Istanbul.
- Advised on the development of its Bagdat Street Flagship Store as well as Zorlu and Akasya stores, including lease negotiations, construction, licensing, and post-construction and operational issues.
Erdem & Erdem Law Office
Erdem & Erdem Law Office has a solid track record in advising credit providers, sponsors, joint venture partners, and contractors on non-recourse and limited-recourse project finance transactions. The work of senior partner Ercüment Erdem and Ozgur Kocabasoglu spans energy, heavy industry, infrastructure and construction, and airport and seaport development. Erdem is a key adviser to corporate borrowers, private equity funds, financial advisers, commercial banks, and other financial institutions.
Responsables de la pratique:
Ercüment Erdem; Özgür Kocabaşoğlu
Principaux clients
Türkiye Şişe ve Cam Fabrikaları A.Ş.
Yılport Holding A.Ş.
Samruk – Kazyna Sovereign Wealth Fun Joint Stock Company
Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership has ‘a very professional team with great knowledge of project finance sector’, and lead partner Ömer Erdoğan is ‘the go-to person for these transactions, very competent and knowledgeable’. He is particularly knowledgeable in the real estate sector, having advised several multinational real estate development and hospitality companies on residential and hotel development projects. The firm recently handled export financing transactions to support the installation of wind turbines.
Responsables de la pratique:
Ömer Erdoğan
Autres avocats clés:
Dilara Demir
Les références
‘A very professional team with great knowledge of project finance sector among various industries.’
‘Omer Erdogan is the go-to person for these transactions, very competent and knowledgeable.’
‘The team is very well prepared and caring for the client. Their use of technology is very useful for our practice as a client.’
Principaux clients
Commerzbank
Egis Tunnel Management
Limak Çimento
Principaux dossiers
- Representing Limak Çimento in (i) the drafting, negotiation and execution of an EPC Contract for 4 solar power plants (ii) financing of these projects in the form of a seller financing structure.
- Representation of Egis Tunnel Management in the O&M Agreement and the financing provided to Eurasian Tunnel by a syndicated group of banks for the financing of the construction.
Goksu Safi Isik Attorney Partnership
Goksu Safi Isik Attorney Partnership has a track record of involvement in large-scale infrastructure and energy projects, for which it often handles financing and regulatory matters. The main contacts are co-managing partners Gözde Kardeş, who focuses on project development and financing, and Ail Sefa Türkmen, who has substantial commercial, corporate, and structured project finance experience. Kardeş recently assisted with the Turkish law aspects of a €75m financing for the engineering and procurement of a new petrochemical plant.
Responsables de la pratique:
Gözde Kardeş; Ali Sefa Türkmen
Principaux clients
OYAK
Radiks
SASA Polyster
JPM
Erdemoğlu Holding
Merinos
Dinarsu
Pak Yatırım
Astay Gayrımenkul
MNG Airlines
Principaux dossiers
- Advising PAK Yatırım in the process of the Engineering, Procurement and Construction Contract for Angola Electricity Transmission Line Project to be carried out in Gove, Chipindo and Cuvango cities of Angola, seventy-five (175) kilometres and a power of two hundred and twenty (220) kV transmission line, signed on November 8, 2023.
- Advising SASA Polyster Sanayi A.Ş on its petrochemical investment and plant in Yumurtalık in various project financing matters.
Kolcuoglu Demirkan Koçakli
Kolcuoglu Demirkan Koçakli is involved in domestic and international infrastructure development, and it has notable experience in engineering, procurement and construction contracts within PPP projects. It is also recognised for its skill in public procurement matters, and its involvement in notable projects in the port infrastructure and energy sectors. Managing partner Umut Kolcuoğlu calls upon the specialist energy and infrastructure skills of Okan Demirkan and construction expert Serhan Koçaklı.
Responsables de la pratique:
Umut Kolcuoğlu; Okan Demirkan
Autres avocats clés:
Serhan Koçaklı
Principaux clients
Abu Dhabi Ports Company PJSC
Qterminals
TDC Parsons Peebles Limited
TPI Composites
The Boston Consulting Group
Bozzetto Group
Alsim Alarko
Huntsman Corporation – Ema Kimya
Samsung C&T
DM İnşaat
IHI Corporation
Mitsubishi Heavy Industries
Yu Group
Folkart
Principaux dossiers
- Advised TPI Composites, a U.S.-based independent manufacturer of composite wind blades, on its renewable energy investment composed of two wind blade turbines
KST Law / Kinstellar Istanbul
The projects team at KST Law / Kinstellar Istanbul has been involved in some high-value flagship developments, among them a $4bn investment in the development and operation of an electric car battery plant in Turkey on behalf of Korean investors. Emre Edmund Özer, who co-leads the M&A, corporate, and private equity practice, and energy and finance specialist Şeyma Olğun are the main contacts.
Responsables de la pratique:
Emre Edmund Özer; Şeyma Olğun
Les références
‘The project finance team at KST Law stands out for its deep industry knowledge with a collaborative approach to solutions. They understand the complexities of financing large-scale projects and our commercial objectives. This allows them to navigate complex negotiations effectively. I have been impressed by the firm’s international perspective which helps us in our transactions with foreign partners.’
‘Emre Edmund Özer is an excellent partner for us in project matters. His strategic thinking and international law expertise our critical for us in negotiating complex project documentation, making a significant impact on our deals.’
‘KST Law’s project finance team is highly client-focused, always prioritizing our needs and delivering tailored solutions. They are proactive in keeping us informed at every stage, which builds trust and ensures there are no surprises. Their commitment to delivering results, along with their responsiveness, makes them a reliable partner in any project.’
Principaux clients
Commerzbank
Egis Tunnel Management
Erciyas Celik Boru Sanayi
Başkent Doğalgaz
RMA Group
SK Innovations
Malaysia Airports Holdings Berhad
Torunlar Group
Partners for Growth
Quexco Inc.
Principaux dossiers
- Represented Torunlar Group and Başkent Doğalgaz in their acquisition of a 50% stake in Sedas and Sepas, jointly owned by CEZ (Czech energy group) and Akkok Holding.
- Advised Malaysia Airports Holdings Berhad in the sale of 50% of its shares in İstanbul Sabiha Gökçen Havalimanı Yatırım Yapım ve İşletme and SGC Havalimanı İşletmeleri to IC Holdings.
- Advised RMA (the Thai conglomerate) and its subsidiary (Altınay Modifikasyon Merkezi) on a capacity expansion project for its vehicle modification facility in Tuzla.
Lexist Law Firm
Lexist Law Firm is frequently involved in large energy and infrastructure projects and M&A transactions that require complex project financings. Finance expert Murat Erbilen and Mesut Kaya, who specialises in highly regulated sectors such as financial services and energy, are the principal contacts.
Responsables de la pratique:
Murat Erbilen
Autres avocats clés:
Mesut Kaya; Kadir Özdemir; Sevde Nur Paksoy
Les références
‘Lexist is a big law firm with many teams working side-by-side. Every lawyer we work with is aware of all our different projects and legal matters, so we do not need to spend a lot of time briefing and updating everyone. The lawyers seem to get along very well too.’
‘Murat Erbilen and Mesut Kaya are the partners leading our corporate projects. Sevde Nur Paksoy handles our capital markets work and Kadir Özdemir handles our energy work. We are impressed with the communication flow between us and the lawyers and between the lawyers and of course, the work done, and the consistent quality of the advice. Lexist is a tough firm with a gentlemanly approach. We send them lots of work because we trust them and can rely on them to deliver as quickly as we need.’
‘The team’s harmony with each other and their command of the subject and process were quite on point. Their willingness to provide feedback in collaborative work and their skills in mutual negotiation were very effective.’
Principaux clients
Directorate of Privatization Administration
Aydın Group
Principaux dossiers
- Advised the Issuer on Türkiye’s first bond financing of a PPP using Secured Debt Amortising Notes with a value of USD 450mn.
- Advised the client on a Wind Power Plant Project to install and operate wind power plants with a total capacity of 1000Mwe.
- Advised the buyer in the attempt to buy a 50% shareholding in Istanbul’s second airport (Sabiha Gökçen) from an Asian Seller.
Tunc Firat Dereli Attorney Partnership
Tunc Firat Dereli Attorney Partnership is adept in project financing and M&A transactions that involve significant assets. Zeynel Tunç, who has significant experience in the metal mining sector, and Nazlı Dereli Oba, who handles banking and finance, shipping, and asset finance, are the standout practitioners. Tunç recently acted for a mining company in the conversion of floating interest rates for $145m in loans for the financing of a mining project.
Responsables de la pratique:
Zeynel Tunç; Nazlı Dereli Oba
Les références
‘We have been working with Tunc Firat Dereli since 2021. Zeynel Tunc, one of the firm’s founding partners, has a lot of experience in the metal mining sector, both in international and local financing projects. In 2023 we decided to run an IPO process and wanted to work with Tunc Firat Dereli. The mutual trust we built over the years and their know-how in our project make them unique.’
‘Zeynel Tunç and his team always allocate the required amount of time. If we ask them for a legal opinion I do not remember a single case in which we received the note after the deadline. They are a very structured firm, and they have expertise in coordinating third parties as well (such as auditors, banks, banks’ advisors, etc).’
‘I feel safe and secure when working with them. Good collaboration. They follow your instructions. Fast response.’
Principaux clients
Akfen
Kaolin
Kyndryl
Ravago
Ghandour
Yazici Attorney Partnership
Yazici Attorney Partnership is well known for its project finance work, a recent example of which is its support of a Turkish quartz surface producer with an investment in the construction of a quartz-surface production factory. Kerem Ariç is frequently involved in the financing of projects in the mining, power generation and oil & gas sectors, while Ayşe Yazici Adanir acts for both borrowers and lenders in project and M&A financing deals, and the arrangement of security agreement packages.
Responsables de la pratique:
Kerem Arıç; Ayşe Yazıcı Adanır
Principaux clients
Ermas Marble – Coante Quartz Surfaces
Turner International Proje Yönetimi Ltd
Consortium led by BNP Paribas SA
Principaux dossiers
- Representing Turner Proje Yönetimi Ltd. Şti. on all its local legal matters.
- Acted for a consortium of banks led by BNP Paribas as its Turkish legal advisers in connection with an amendment and extension of First Quantum Minerals’ corporate bank facility.
- Advising Coante Quartz Surfaces (Ermas Marble’s compound stone brand), in new investments.