Çakmak is one of the most respected top-tier law firms in Turkey

Since 1993, Çakmak has represented international and Turkish clients in a wide range of private and public transactions and endeavours. Having established practices in both Ankara and İstanbul, and with a detailed understanding of local law and international practice, Çakmak has the experience and the expertise to assist clients doing business in Turkey today.

We value all of our clients.

We are deeply committed to providing the highest level of legal service to each of our clients.

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Rankings

Clients praise the team's "punctuality, effective communication and constructive approach"

Chambers Europe, 2021

Other satisfied interviewees praise the "outstanding knowledge of the local environment" demonstrated by practitioners, also noting their "practical and quick advice, which is of excellent quality."

Chambers Europe, 2021

"Their advice is to the point, comprehensive and commercially-oriented," says one satisfied client.

Chambers Europe, 2021

One impressed client states the team has "amazing knowledge”, adding that it "really handled very complex matters perfectly."

Chambers Europe, 2021

One impressed client states the team has "amazing knowledge”, adding that it "really handled very complex matters perfectly."

Legal 500, 2021

"The team is always available and for all our needs without raising any scope restriction etc., they work in the field with us. The firm’s experience is unique and helps us to shape our strategy in the project. "

Legal 500, 2021

"The Çakmak Team provided an excellent work. They are very responsive, knowledgeable and helpful throughout the process. "

Legal 500, 2021

"Knowledgeable about the detailed governmental requirements for aircraft leasing in Turkey and good contacts for dealing with aircraft operator customers. "

Legal 500, 2021

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Latest News

Çakmak acts as Turkish counsel in Akbank’s $600 million ESG syndicated loan

6 November 2023 – Çakmak is pleased to announce that it has acted as Turkish counsel to a syndicate of 36 banks from 18 countries on the renewal of Akbank’s syndicated sustainability linked loan for USD 600 million. The transaction aims to support the Turkish economy and utilizes sustainability (ESG) performance criteria. The Çakmak team was led by partner Devrim Ergun and included senior associate Aslı Pabuççuoğlu and associates Yiğit Anıl Tarman and Pınar Bölükbaşıoğlu.

Çakmak represented ST Engineering in the financial leasing of two Airbus A321 aircraft to MNG Airlines

30 October 2023 – Çakmak is pleased to have represented ST Engineering in the financial leasing of two Airbus A321 aircraft to MNG Airlines. This transaction will boost investments in Turkey’s aviation sector and contribute to its ongoing growth and development. The Çakmak team was led by partner Serap Zuvin and included associates Simge Esendal and Ege İrem Yenmez, as well as legal intern Başak Köksal Sağnak.

Çakmak represented EBRD in a 25 Million Euro loan to AKLease

4 October 2023 – Çakmak is pleased to have represented the European Bank for Reconstruction and Development (EBRD) in its EUR 25 million green loan to AKLease, a premier leasing company in Türkiye. This significant transaction will bolster investments in energy efficiency and renewable energy in Türkiye. The Çakmak team was led by partner Devrim Ergun and included associates Aslı Pabuççuoğlu, Duru Eker and Pınar Bölükbaşıoğlu.

Çakmak acts as Turkish counsel in Akbank’s $500 million ESG syndicated loan.

24 April 2023 – Çakmak is pleased to announce that it has acted as Turkish counsel to a syndicate of 30 banks from 16 countries on the renewal of Akbank’s syndicated social loan for USD 500 million. As the first syndicated social loan to local market, the transaction aims to support the Turkish economy and those affected by the recent earthquakes. The team was led by partner Devrim Ergun and included senior associate Aslı Pabuççuoğlu and associates Yiğit Anıl Tarman and Pınar Bölükbaşıoğlu.

Çakmak has advised the European Bank for Reconstruction and Development.

Çakmak is pleased to announce that it has advised the European Bank for Reconstruction and Development as local Turkish counsel on the USD 50 million syndicated loan to Akbank for on-lending to support women-led businesses in Turkey, as part of the EBRD’s Women in Business programme. The Çakmak team was led by partner Devrim Ergun and included senior associate Aslı Pabuççuoğlu and associate Duru Eker.

Çakmak has advised Turkcell in relation to the subscription of Re-Pie in Procenne.

25 August 2022 – Çakmak is pleased to announce that it has represented Re-Pie Asset Management Company, a venture capital investment fund controlled by Turkcell, in relation to its subscription of shares in Procenne. The Çakmak team was led by partner Gülşen Engin and included senior associate Mehmet Deniz Çelebisoy and associates Mustafa Yafes Öner, Selin Erten Yaşar, Simge Esendal, LL.M. and intern lawyer Nehar Çakmakcı.

Çakmak has advised Klépierre group in relation to the sale of its shares in Miratur.

11 May 2022 – Çakmak is pleased to announce that it has advised the Klépierre group, one of the largest mall operators in Europe, in relation to the sale of its 100% shares in Miratur. Our team was led by partner Naz Bandik Hatipoğlu and included associate Simge Esendal. We congratulate the parties on a successful transaction.

Çakmak has advised the syndicate of lenders in relation to the renewal of Akbank’s sustainability focused syndicated loan.

19 March 2022 – Çakmak is pleased to announce that it has advised the syndicate of lenders, consisting of 32 banks from 15 countries, as local Turkish counsel, with the renewal of Akbank’s sustainability linked syndicated term loan facility with a value over USD 700 million.

The transaction included the introduction of two new ESG KPIs and the use of SOFR as the interest benchmark.

The Çakmak team was led by partner Devrim Ergun and included senior associate Aslı Pabuççuoğlu.

Çakmak has advised Garanti BBVA and BayernLB in relation to the financing of Gökcen Wind Farm Project.

6 March 2022 – Çakmak is pleased to announce that it has advised Garanti BBVA and BayernLB in the financing of the 96 MW Gökcen Wind Farm Project. The Çakmak team was led by partner Devrim Ergun. The core transaction team included associates Nazlı Başak Ayık, İlke Işın Süer and Mustafa Yafes Öner.

We congratulate the parties on a successful transaction.

Çakmak has advised Daiichi in relation to the sale of its shares to Karel.

4 March 2022 – Çakmak is pleased to announce that it has represented the shareholders of Daiichi on the acquisition of a majority stake by Karel. The Çakmak team was led by partner Naz Bandik Hatipoğlu and included associates Mehmet Deniz Çelebisoy and Mustafa Yafes Öner.

Çakmak has advised Plaskolite in relation to the transfer of its shares in PIA Akrilik to Sirius Plastik.

28 December 2021 –  Çakmak is pleased to announce that it has acted as local legal counsel to Plaskolite, North America’s largest manufacturer of acrylic sheet and thermoplastic solutions, in relation to the transfer of its shares in PIA Akrilik to Sirius Plastik. PIA Akrilik is a leading Turkish manufacturer of cast acrylic sheets in Turkey.

The Çakmak team was led by partner Gülşen Engin and included senior associate İlke Işın Süer.

Çakmak has advised Turcas Petrol in relation to the sale of its shares in Turcas Kuyucak Jeotermal to Albioma SA.

27 December 2021 – Çakmak has advised Turcas Petrol on the sale of its shares in Turcas Kuyucak Jeotermal, to Albioma SA, a listed French energy company.

The Çakmak team was led by partners Naz Bandik Hatipoğlu and Gülşen Engin.

Çakmak has advised Entek Elektrik in relation to the acquisition of Süloğlu wind power plant from STEAG GmbH.

16 March 2021 – Çakmak is pleased to announce that it has advised Entek Elektrik, a subsidiary of Koç Holding engaged in the energy sector, on its acquisition of Süloğlu wind power plant with an installed capacity of 60 MW, and its O&M services company, from STEAG GmbH. The Çakmak team was led by partner Zeynep Çakmak. The core transaction team included partner Devrim Ergun and associate Nazlı Başak Ayık.

This is another landmark transaction promoting the current uprising trend in the Turkish renewable energy field, and the first wind power plant of Entek Elektrik as an addition to its well-established portfolio of electricity generation facilities.

Çakmak has advised ENGIE in relation to the sale of its shares in İzgaz, Baymina and EPG, to Palmet Enerji.

March 2021 – Çakmak is pleased to announce that it has advised ENGIE in the sale of its shares in İzgaz, Baymina and EPG, to Palmet Enerji. The Çakmak team was led by partner Zeynep Çakmak. The core transaction team included counsels Gülşen Engin and Elif Demiröz, and associate Nazlı Başak Ayık.

This is one of the landmark deals in the energy sector in years 2020 and 2021, involving ENGIE’s divestment of İzgaz, which is the natural gas distribution company for İzmit Province; Baymina which is the owner and operator of a CCGT with an installed capacity of 770 MW in Ankara; and EPG which is a predominant player in the market which offers solutions and O&M services to different customer segments in the energy sector.