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Istanbul | Turkey

Can claimants in Turkey receive a refund of court fees?

April 2017 - A significant issue to be considered by potential claimants intending to initiate a lawsuit in Turkey is the “ court fee ” required to be deposited with the court when filing a lawsuit. Depending on the type of the case, a certain...

The Turkish General Assembly of Civil Chambers of the Court of Appeals preserved its decision on the amendment of the pleading after the decision of overturn

April 2017 - The General Assembly of Civil Chambers of the Court of Appeals of Turkey (“ General Assembly ”) has preserved the decision of the Joint Chambers of the Court of Appeal dated 4 February 1948 (numbered 1944/10 and 1948/3; the “ Joint...

The importance in Turkey of submitting a petition for response within the statutory time period

March 2017 - There is no doubt that the most critical element determining the outcome of a case is the evidence submitted to the court. In this article, we will focus on the legal consequences of failing to submit a petition of response, which, within...

Turkish Competition Authority publishes amendment to Communiqué on mergers & acquisitions

March 2017 - The Turkish Competition Authority has recently published a communiqué (number 2017/2) ("the Communiqué ") amending its "Communiqué On Mergers and Acquisitions Requiring the Approval of the Competition Board" (number 2010/4). The new...

Transparency International 2016 Corruption Perception Index – How are CEE, CIS and the Balkans doing?

February 2017 –  Transparency International (“ TI ”) has recently published its  Corruption Perceptions Index (“ CPI ”) for 2016, which surveys 176 countries and territories. Scores range from 0 (highly corrupt) to 100 (very clean). The...

Kinstellar advised Arkema on the acquisition of Den Braven

August 2016 - Kinstellar advised Arkema SA, a global innovative chemical company, on the acquisition of the Dutch sealant-and-adhesives maker Den Braven from Egeria, a Benelux buyout house, in a deal valued at EUR 485 million. The transaction was...

Kinstellar advised Bayer AG on the spin-off of Covestro, Germany’s largest IPO in more than eight years

October 2015 - Kinstellar is pleased to announce that it was part of yet another landmark transaction in recent months. We advised Bayer, one of the major players in the pharmaceutical industry, on the carve-out of Bayer Material Science, into a separate...

New tax incentive for Turkish capital companies

May 2015 - The Turkish government has introduced a new tax incentive for companies designed to encourage the use of cash capital increases as an alternative to debt financing. This may be an attractive option for companies considering corporate finance...

Whistleblower protection comes to CEE/SEE

March 2015 - Laws to encourage employees to report wrongdoing at the workplace, and to protect them when they do so, are making their way into the legislative landscape of CEE/SEE countries. While many have enacted provisions protecting whistleblowers...

Tender offers and squeeze-out/sell-out rights under Turkish capital markets legislation

March 2015 - Kinstellar Istanbul partner Halide Çetinkaya Yılmaz and associate Candemir Baltali have co-authored a practice note entitled “ Tender Offers, Squeeze-out and Sell-out Options: A Practical Guide ”, published in Volume 1 Issue 1 2015...