TURUNÇ has advised Borsa Istanbul on its partnership with the Hong Kong Exchanges and Clearing (HKEx) regarding the dissemination of market data on the London Metal Exchange’s (LME) steel billet contract. HKEx is LME’s parent company. The partnership is related to Borsa Istanbul’s acquisition of LME’s equity stake in LCH.Clearnet. The TURUNÇ team was led...

TURUNÇ has advised IMS Health in connection with its acquisition of certain information solutions and customer relationship management (CRM) and strategic data businesses of Cegedim. IMS Health is a U.S.-based global provider of information and technology services to the healthcare industry to measure and improve performance. Cegedim is a multinational health technology company headquartered in...

TURUNÇ has advised Borsa Istanbul on its acquisition of all of the stake of the London Metal Exchange in the clearinghouse LCH.Clearnet. This is the third significant international transaction on which TURUNÇ has advised Borsa Istanbul since 2013. The previous two were Borsa Istanbul’s strategic partnership with NASDAQ OMX and its partnership with the London...

TURUNÇ has advised Borsa Istanbul on its partnership with the London Stock Exchange (LSE) relating to the trading of futures and options on Borsa Istanbul indices and stocks on the London Stock Exchange Derivatives Market. Additionally, FTSE and Borsa Istanbul plan to launch an index partnership involving all Borsa Istanbul-owned indices. This is the second...

TURUNÇ has advised CEE-focused private equity fund Royalton Partners on its acquisition, through its portfolio company IUS Legal and Business Solutions, of On İki Levha, a legal publisher. IUS is a provider online legal research tools in Slovenia and Croatia, and plans to offer its services in Turkey through On İki Levha. This is the...

TURUNÇ is advising Netsis and its shareholders on the undergoing sale of Netsis to Logo, Mediterra Capital portfolio company. Netsis and Logo are the two largest enterprise application software developers in Turkey and the closing of the transaction is subject to the approval of the Competition Board. The TURUNÇ team includes Noyan Turunç, Kerem Turunç,...

TURUNÇ has advised Borsa Istanbul on its strategic partnership with NASDAQ OMX. The scope of the partnership is broad and includes, among other things, NASDAQ OMX taking an equity stake in, and providing its most advanced market technology products with regional resale rights to, Borsa Istanbul. The TURUNÇ team was led by Kerem Turunç. Linklaters...

Elektrik Piyasası Düzenleme Kurumu’nun 5 Nisan 2011 tarihli ve 27896 sayılı Resmî Gazete’de yayınlanan Elektrik Piyasası Lisans Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmeliği ile, bahsi geçen yönetmelikte (“Yönetmelik”) bazı değişiklikler yapılmıştır.Öncelikle, Yönetmelik’te yapılan değişiklikle altı yeni hüküm eklenmiştir. Rüzgar ve güneş enerjisine dayalı üretim tesisi kurmak amacıyla yapılan lisans başvurularında kaynak bazında standardına uygun ölçüm bulundurulması...

TURUNÇ is pleased to announce that Kerem Turunç has joined the firm as a partner. Kerem joins us from Cleary Gottlieb Steen & Hamilton LLP, having worked in that firm’s New York and London offices. Kerem is an expert in cross-border financial and corporate transactions. He has extensive experience in public and private securities offerings...