TURUNÇ has advised Micro Focus, a UK-based FTSE 250 software and technology company, on its USD 2.5 billion sale of SUSE, its open-source software business, EQT Partners, a Swedish private equity fund. Travers Smith acted as English counsel to Micro Focus. The TURUNÇ team The Turunc team included Noyan Turunç,...

TURUNÇ has advised venture capital fund Vela Partners on its investment in Grabango. With its origins in Turkey, and partners also operating in the United States and the UK, Vela Partners invests in startups across a variety of industries. Grabango is a provider of seamless, retrofitted checkout technologies for retailers....

We are pleased to announce that three TURUNÇ lawyers were winners of the International Law Office and Lexology’s Client Choice Awards 2019. Noyan Turunç was the sole recipient of the Litigation award, Esin Çamlıbel the sole recipient of the Competition & Antitrust award and Kerem Turunç the sole recipient of...

TURUNÇ has represented The Export-Import Bank of Korea (Korea Eximbank) on its equity investment into Howon Otomotiv. Korea Eximbank is the official export credit agency of South Korea. In addition to providing export credit and guarantees to support Korean companies’ operations overseas, it also makes direct equity investments. Howon Otomotiv...

TURUNÇ has advised Egesil Kimya, a specialty chemicals manufacturer, on a EUR 15 million loan from the EBRD. The loan will be used to increase Egesil’s production of precipitated silica, which functions, among other things, as a reinforcing filler for tires. Egesil is a joint venture between Ege Kimya, a...

TURUNÇ has advised venture capital fund Vela Partners on its investment in Firefly. With its origins in Turkey, and partners also operating in the United States and the UK, Vela Partners invests in startups across a variety of industries. Firefly installs digital billboards on top of Uber and Lyft cars,...

TURUNÇ authored the Turkey chapter of Getting the Deal Through’s Ports & Terminals (2019) title. The contributing lawyers were Esin Çamlıbel and Grace Maral Burnett. The publication is a comparative guide of the legislation relating to ports and terminals in 22 jurisdictions. The contributing editor is Alex Kyriakoulis of HFW. The guide...

Managing Partner Kerem Turunç moderated the “Latest Developments and Innovation in International Arbitration” at the Ethics Rules for Arbitrators, Ethics, Latest Developments, and Innovation in Arbitration Conference organized by the Istanbul Arbitration Association (ISTA). The panelists were Pelin Baysal (Partner, Gün + Partners), Brandon Malone (Chairman, Scottish Arbitration Centre) and...

Through a Presidential Decree issued in September, Turkey has imposed significant restrictions, known as the “FX ban”, on the ability of parties to enter into certain types of foreign currency-denominated and indexed contracts. Pursuant to the authority it was granted in the Decree to promulgate exemptions to the restrictions, the...