Many years in the making, the Istanbul Arbitration Centre (“ISTAC” or the “Centre”) was finally established in 2015 and began picking up steam in 2016. The first plans to form an arbitration Centre in Istanbul were laid out by the Turkish government in 2009 as part of the country’s action...

TURUNÇ has advised the private equity fund Taxim Capital on its acquisition of a 40% stake in BigChefs, a Turkish restaurant chain with an international footprint, from shareholders Gamze Cizreli and Saruhan Tan. This is the first acquisition of Taxim Capital following the first closing of its EUR 100+ million...

TURUNÇ has advised UK-based international coffeehouse chain Caffè Nero on the purchase of the entire equity stake held by its Turkish joint venture partner Infinity Invest in Caffè Nero’s Turkish subsidiary. As a result of the transaction, Caffè Nero Turkey has become a fully-owned subsidiary of the Caffè Nero group....

TURUNÇ client PETRONAS has successfully obtained a group exemption from the Turkish Competition Board to enter into exclusive supply agreements with distributors, retailers and other buyers of lubricant products. TURUNÇ filed for the exemption and oversaw the application throughout the review process by the Competition Board. The TURUNÇ team included...

TURUNÇ has provided Turkish law advice to Balfour Beatty on the sale of its professional services division, Parsons Brinckerhoff, to WSP Global. Balfour Beatty is a UK-headquartered globally operating company focused primarily on infrastructure and construction services. WSP is Canada-headquartered multinational professional services firm focused on engineering solutions. Parsons Brinckerhoff...

TURUNÇ has sponsored The 2014 Guide to Turkey supplement of the International Financial Law Review (IFLR) magazine, and TURUNÇ lawyers have authored the following articles for the supplement: – “Laying the Groundwork” by Kerem Turunç: A summary of some recent changes to Turkish securities regulation (available on the IFLR website...

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...

TURUNÇ has advised Rultrans Trasmisyon and its shareholders on sale of Rultrans to Italy’s Megadyne. Rultrans is an Izmir-based producer of PVC and polyurethane conveyor belts. Megadyne is a manufacturer of rubber and polyurethane power transmission belts and belt systems, among other products. The TURUNÇ team included Noyan Turunç, Esin...

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...