Çakmak represented the European Bank for Reconstruction and Development (EBRD) in its USD 30 million loan to Team Agro.
We are proud to have represented The European Bank for Reconstruction and Development (EBRD) in a USD 30 million financing to Team Agro Gıda Sanayi ve Ticaret A.Ş. for its first geothermal greenhouse project in Türkiye. This transaction aims to promote sustainable agricultural practices, reduce carbon emissions, enhance water conservation, and create high-quality employment opportunities […]
Çakmak represented the European Bank for Reconstruction and Development (EBRD) in its EUR 25 million loan to Şekerbank.
We are proud to have represented the European Bank for Reconstruction and Development (EBRD) in relation to a EUR 25 million financing to Şekerbank T.A.Ş. under EBRD’s Green Economy Financing Facility II in Türkiye. This transaction aims to enable Şekerbank to focus its lending on sustainable agriculture and energy efficiency, support rural farmers in land […]
Çakmak represented the European Bank for Reconstruction and Development (EBRD) in its EUR 25 million loan to Polinas.
We are proud to have represented The European Bank for Reconstruction and Development (EBRD) in a EUR 25 million financing to Polinas, a subsidiary of Yıldız Holding. This transaction aims to support Polinas’s energy efficiency and modernisation investments at its plastic factory at Manisa Organized Industrial Zone, including the installation of a new production line […]
Digital Platforms are on the Turkish Competition Board’s Radar: Meta Threads Decision
Download PDF 16 August 2024 Rapid increase in the use of digital platforms and introduction of new products brings to the agenda the applicability of various legal regulations, including competition law, to digital platforms. In this article, we review the Turkish Competition Board’s (“Board”) decision on the Threads application by Meta Platforms Inc. (“Meta”) and […]
Law Proposal Including New Regulations on the Monetary Limits for the First and Second Appeals
Download PDF 17 July 2024 On 3 July 2024, the Law Proposal on the Amendment of Certain Laws (“Proposal”), also referred to as the 9th Judicial Package, was submitted to the Grand National Assembly of Türkiye. The Proposal was approved by the Justice Commission on 12 July 2024. We analyzed the provisions of the Proposal […]
Secondary Regulations for Transferring Personal Data Abroad Have Come into Force
Download PDF 11 July 2024 The Regulation on Procedures and Principles Regarding the Transfer of Personal Data Abroad (“Regulation”) have come into force upon its promulgation in the Official Gazette dated 10 July 2024. On the same day, the Turkish Data Protection Authority (“KVKK”) published on its website the standard contract templates, application forms for […]
Amendments to the Turkish Civil Aviation Act
Download PDF 10 July 2024 The Turkish Civil Aviation Act No. 2920 (“TCAA”) has been amended to be effective as of 9 July 2024. The primary objective of these amendments is to explicitly incorporate into the TCAA the rules that are already being implemented pursuant to the Convention on International Civil Aviation (“Chicago Convention”), to […]
The First Artificial Intelligence Law Proposal in Türkiye Has Been Submitted to the Grand National Assembly
Download PDF 1 July 2024 On 24 June 2024, a brief law proposal (“Law Proposal”) containing draft regulations for artificial intelligence technology was submitted to the Grand National Assembly of Türkiye. When compared to the European Union Artificial Intelligence Act (“EU Act”), recently approved by the European Parliament, the Law Proposal is quite general in […]
Çakmak represented the European Bank for Reconstruction and Development (EBRD) in its EUR 25 million loan to Çimsa.
We are proud to have represented The European Bank for Reconstruction and Development (EBRD) in a EUR 25 million financing to Çimsa, a subsidiary of Sabanci Holding. This transaction aims to support Çimsa’s solar power plant and waste heat recovery investments as well as other energy efficiency investments in connection with its cement factory located […]
Çakmak represented the European Bank for Reconstruction and Development (EBRD) in its USD 50 million loan to Esan.
We are proud to have represented The European Bank for Reconstruction and Development (EBRD) in a USD 50 million financing to Esan Eczacıbaşı Endüstriyel Hammaddeler Sanayi ve Ticaret A.Ş., a subsidiary of Eczacıbaşı Holding operating in the mining sector. This transaction aims to support the decarbonization and electrification of mining operations, improvements in the operations’ […]