BANKING AND FINANCE

“Anladın ya, işim başımdan aşkın,
anladın ya, gülüm,
ben sana âşık olmakla meşgulüm…”

“You see, I’m head over heels at work,
you see, dear,
I’m busy falling in love with you.”

Nazım Hikmet (1902 – 1963)

TURUNÇ’s services regarding banking and finance matters are twofold. On the one hand, the Firm acts as Turkish legal counsel to banks and multinational financial institutions such as banks, lenders, finance facility agents, escrow agents, liquidity facility providers, security trustees, swap counterparties and guarantors with respect to their activities, transactions and interests in Turkey. On the other hand, the Firm advises industrial, commercial and trading companies on their relationships with banks and financial institutions in and outside of Turkey.

Our advice on banking legislation encompasses compliance, corporate governance, banking transactions, letters of credit, guarantee letters, assignment of receivables, collection proceedings as well as bankruptcy of banks and the status of their assets.

On the transactional side, we advise on a multitude of projects including domestic and cross-border credit facilities, project finance, export credit facilities, securitizations, option deals to acquire title to the non-securitized assets, real estate and facility financings, sale and repurchase transactions, sales of export-related receivables.

Our banking and finance team works closely with our M&A and funds practices, in particular with respect to structured finance, project finance and leveraged finance transactions. We design and implement innovative and complex financial structures to maximize liquidity and investment through tradable, tax-efficient funding vehicles.

We also have vast experience in bankruptcy and insolvency proceedings with respect to banks, including, but not limited to, voidable transactions, look-back periods, donations and transactions without, or with insufficient, consideration, transactions during the debtor’s insolvency period, automatically terminated agreements upon adjudication of bankruptcy, and automatic stays. In addition to domestic insolvency issues, we also take part in insolvency transactions with international aspects by providing advice on the Turkish market, insolvency laws and processes, and on a wide range of contentious issues of Turkish litigation. For example, we have represented over twenty foreign banks in the bankruptcy proceedings of three bankrupt Turkish banks (Impexbank, Marmara Bank and TYT Bank).

We also have a significant fintech practice, supported by our funds, privacy and technology teams. Our fintech practice focuses on both compliance and transactions, in particular venture capital investments into fintech startups.

SELECT NEWS FROM BANKING AND FINANCE

Managing Partner Kerem Turunç Tops League Table

03 Sep 2022
According to data published by CEELMDirect, managing partner Kerem Turunç is one of the two most prolific dealmakers in Turkey, having worked on 36 reported deals since 2013, sharing the title with another law firm partner. You can access the full story on the website of CEE Legal Matters, a publication covering law firm news...

New Publication: Lexology Getting the Deal Through – Loans & Secured Financing 2023

25 Jun 2022
TURUNÇ authored the Turkey chapter of Lexology Getting the Deal Through’s Loans & Secured Financing (2023) title. The contributing lawyers were Ilgın Eroğlu Alyanak and Naz Esen. The publication is a comparative guide of the legislation relating to loans and secured financing transactions in 15 jurisdictions. In addition to Turkey, the jurisdictions covered by the 2023 edition...

TURUNÇ Ranked in The Legal 500 EMEA 2022 Edition

14 Apr 2022
TURUNÇ was ranked once again by The Legal 500 in the guide’s EMEA 2022 edition, which researches law firms by country and practice area in the EMEA region. In a testament to its diverse practice areas, the Firm was ranked in seven areas: Banking, Finance and Capital Markets; Commercial, Corporate and M&A; Competition; Dispute Resolution;...