Turkey

Takeaway food

King & Spalding & Paul Weiss lead Delivery Hero’s acquisition of Turkish rival

King & Spalding and Paul Weiss Rifkind Wharton & Garrison are advising two online food delivery companies in one of the largest acquisitions ever made in the sector.  King & Spalding advised online food ordering company Delivery Hero on its $589m purchase of Turkish food delivery company Yemeksepeti. Its London-based team was led by partner […]

Diversification umbrella

Turkey – Striking out

Tough international competition means that diversification is the watchword in the Turkish legal market. Turkey’s promise of a fast-growing economy and its location as a gateway to the East has turned it into a coveted go-to destination for international firms. The slowing down of the economy, however, has meant that independent firms have had to […]

istanbul turkey

DLA Piper’s Turkish office demerges from firm but retains relationship

DLA Piper’s Turkish office has demerged financially from the firm, but the two are remaining linked with Istanbul’s Yüksel Karkın Küçük (YKK) now a ‘DLA Piper relationship firm’. YKK managing partner Cüneyt Yüksel told The Lawyer the firm had “separated from DLA, but the relationship continues as strongly as in the past”. Yüksel said this meant the firm […]

Turk airline

Turkey – Upgrade nation

The rise of the Turkish aviation sector reflects a wider trend of prosperity The Turkish banking crisis of 2000/01 wreaked havoc on the country’s economy: its currency crashed, interest rates rocketed and tens of thousands lost their jobs. In the aftermath, however, banking sector reforms meant Turkey was far better prepared for the 2008 global […]

istanbul turkey

Bird & Bird allies with Turkish firm BTS

Bird & Bird has further expanded its horizons with the announcement of a cooperation agreement with Turkish firm BTS & Partners. The three-partner Istanbul firm focuses on technology and media, and has already worked with Bird & Bird on “a surprisingly large number of things”, according to CEO David Kerr. The agreement is the latest […]

Turkey

Turkey Briefing Live: Plane speaking

The IMF has slashed its 2014 growth forecast for Turkey from 3.5 to 2.3 per cent. Investors are now hoping the aviation and energy markets will provide some comfort Turkey may put the ‘T’ in the MINT group of flavour-of-the-month emerging economies, but recent political and economic developments could be souring the taste for international […]

Cansun

Europe roundtable: Turkey energy – Elements of success

It can be an adventure in bureaucracy but the energy sector in turbulent Turkey offers lucrative and varied opportunities for investors Despite the attempt by Turkey’s prime minister Recep Tayyip Erdoğan to shut down Twitter last week, top-tier local lawyers routinely claim that the odd dramatic incident aside, it is “business as usual” in Turkey. […]

Clifford Chance pinpoints M&A after announcing formal launch in Turkey

Clifford Chance has formally launched its Istanbul office and is setting its stall out for M&A work. The move comes four months after first announcing the development. The firm will operate alongside affiliated firm Yegin Legal Consultancy (YLC). Clifford Chance ­partner Simon Williams is heading the new office, working closely with YLC founder Mete Yegin […]

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Chadbourne sets sights on Istanbul practice

US firm Chadbourne & Parke is planning to launch an office in Istanbul later this year. The firm has built up an impressive roster of Turkish clients since hiring partner Ayse Yüksel from Debevoise & Plimpton’s New York office in 2004. They include Koza Altin, Koç Holding and Koza Gold. Yüksel, who is currently based […]

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Istanbullish

The last time The Lawyer covered the Turkish market in its Special Reports (8 February 2010), the country was rebounding, very promisingly, off the back of a torrid few years. Optimism pervaded the market and rumours abounded that the country’s ­potential was not going unnoticed by international firms. “It’s going to be a very interesting […]

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