Banking and finance is at the heart of every economy, providing the means to help businesses expand and investors grow. BASEAK’s Banking and Finance team operates at the industry’s forefront and works with innovative finance products.
Our Banking and Finance lawyers and professionals offer an expansive scope of insight, helping our clients to structure and document transactions that help provide financing practically to every industry. Since BASEAK represents both finance providers and users, you benefit from counsel that understands the needs and wants of each party.
The following represents BASEAK’s extensive, sector-specific experience:
February 8, 2017
November 2, 2016
Decrees of the Council of Ministers regarding (i) Institutions, Resources and Assets Transferred to Turkish Wealth Fund and (ii) Transfer of Assets to Turkish Wealth Fund as well as Transfer Decision of the Directorate of Privatization Authority regarding share transfer to Turkish Wealth Fund. Read more
July 22, 2016
The Law on Pledges over Movable Assets in Commercial Transactions numbered 6750 was published in the official gazette on 28 October 2016 and will come into force on 1 January 2017 (the "Law on Pledges over Movables"). With its enactment, the Commercial Enterprise Pledge Law dated 21 June 1971 and numbered 1447 (the "Commercial Enterprise Pledge Law") will be repealed but will remain applicable for commercial enterprise pledges which are already established before 1 January 2017. Read more
The Proposed Amendments introduce changes in various laws including the Turkish Commercial Code and also cover the Turkish tax legislation (e.g. Law on Stamp Tax numbered 488 (Stamp Tax Law), Law on Fees numbered 492, Law on Value Added Tax numbered 3065 and Law on Corporate Tax numbered 5520) and aim to decrease expenses relating to the investment environment; cease different implications between financial institutions; extend the use of interest-free financial instruments; promote international investments and increase the predictability of taxation. Read more
News and Events
Recent Press Releases
November 28, 2017
September 22, 2017
Recently, two major capital markets events took place in Istanbul in the same week: the Turkish Capital Markets Summit and Bonds, Loans & Sukuk Turkey 2017 Conference.
BASEAK partners joined both of these very well attended events, where many interesting topics were discussed on a number of panels. Read more
February 25, 2016
Balcıoğlu Selçuk Akman Keki Attorney Partnership and Dentons were the breakfast sponsors of the IFN Forum Turkey 2017 which took place on September 14, 2017 in Crowne Plaza Istanbul Oryapark. Read more
BASEAK’s Corporate and M&A and Banking and Finance teams successfully advised Clean Energy Transition Fund, a leading Turkish asset management company, on its acquisition of Akocak HEPP, a power plant located in Trabzon, Turkey, from Akenerji, a Turkey-based company engaged in the power and steam generation. Read more