Çakmak acted as Turkish counsel to Kuwait Finance House in a USD 500 million murabaha financing to Vakıfbank.
We are pleased to have acted as Turkish counsel to Kuwait Finance House on its USD 500 million, 5-year murabaha financing, marking VakıfBank’s first-ever murabaha financing. This transaction demonstrates international investor confidence in Türkiye’s banking sector and supports the continued development of cross-border Islamic finance between Türkiye and the GCC, with VakıfBank being Türkiye’s second-largest […]
Çakmak advised International Finance Corporation (IFC) in a USD 100 million financing to İş Leasing.
We are proud to have advised International Finance Corporation (IFC) in a USD 100 million financing to İş Leasing aimed at on-lending to eligible sub-borrowers engaged in climate-focused and blue economy projects, including women-led SMEs and sustainability investments. The Çakmak team was led by partner Devrim Ergun and included counsel Aslı Pabuççuoğlu, together with associate […]
Çakmak represented a syndicate of 51 banks from 21 countries on the renewal of Akbank’s syndicated sustainability loan of USD 750 million.
We are pleased to announce that we have acted as Turkish counsel to a syndicate of 51 banks from 21 countries on the renewal of Akbank’s syndicated loan facility with a syndicated sustainability loan of USD 750 million. The loan proceeds shall be allocated in accordance with Akbank’s Sustainable Finance Framework. Our team was led by […]
Draft Law on Crypto Assets Has Been Submitted to the Turkish Parliament
Download PDF 20 May 2024 The Draft Law That Makes Certain Amendments on the Capital Markets Law No. 6362, which introduces provisions related to crypto assets and their trading activities on platforms (the “Draft Law”) was submitted to the Turkish Parliament on 16 May 2024. Principles on the Establishment and Operation of Crypto Asset Service […]
End of Active Ratio Calculations
Further Normalization Steps Concerning Foreign Currency Derivative Transactions
Easing Of Limitations On Foreign Currency Derivative Transactions
Active Ratio : Recent Easing Measures
Limitations on Foreign Currency Derivative Transactions
Regulation on Banks’ Information Systems and Electronic Banking Services