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Overview of Türkiye’s renewable energy market: Developing or investing in wind, solar, and energy storage projects
Türkiye continues to make significant strides in its transition towards a greener energy future. In this brochure, we provide an overview of the current structure and legal framework of the renewable energy market in Türkiye, including developments in wind, solar, and battery storage technologies, as well as available investment models and incentive mechanisms. Click on the image below or use the following link to read our full report. Autho rs: Edmund Emre Özer, PartnerNihal Dilan Cantürk, AssociateSimge Erdem, Legal Intern
Kinstellar advises Special Flanges on the acquisition of Romanian industrial manufacturer Vilmar
Kinstellar is pleased to announce that it has advised Special Flanges, a leading Italian manufacturer of high-performance forged components, on the acquisition of 100% of the shares in Vilmar, a Romanian industrial company with over 50 years of experience in the production of engineered equipment for critical applications. The transaction marks Special Flanges’ first direct investment in Romania and represents a key milestone in the group’s strategic expansion across Central and Eastern Europe. The acquisition was carried out by the Wise Equity V fund managed by Wise Equity SGR – through its subsidiary Special Flanges – and involved the transfer of Vilmar from the French group Genoyer. The integration will create
Kinstellar and KST Law assist Honeywell on the sale of its Personal Protective Equipment business to Protective Industrial Products for USD 1.325 billion
Kinstellar and KST Law are delighted to have advised Honeywell on the Turkish law aspects in connection with its sale of its Personal Protective Equipment (“PPE”) busine ss to Protective Industrial Products ("PIP") for USD 1.325 billion, an all-cash transaction. PIP is a global supplier and manufacturer of PPE products and a portfolio company of Odyssey Investment Partners and this strategic move is reinforcing PIP’s global positioning in the PPE market. Congratulations to our team led by Partners Emre Özer and Mert Elçin, with key involvement from Senior Associate Sıla Şaylı and Associates Helin Akbulut and Tuğberk Çakırca, for their outstanding efforts and dedication. Our colleagues
Abuse of sick leave in Serbia: Legal perspectives on employees performing paid work during sick leave
According to the established case law of the Serbian Supreme Court, sick leave abuse occurs when sick leave is used at a time when an employee is not actually ill and is capable of working, as well as when an employee, during the period of incapacity, behaves in a manner contrary to the prescribed treatment or purpose for which sick leave was approved. Therefore, in the court’s view, for an abuse of sick leave to occur, the employee’s conduct depending on the nature of their illness must prevent their recovery or worsen their health condition. Consequently, in relation to court proceedings and the position taken by the court, the fact that an employee is engaged in other income-generating activities during their sick
Kinstellar and KST Law represented Eleven Fund III Cooperatief in its investment in Bitloops
Kinstellar and KST Law are proud to have advised Eleven Fund III Cooperatief in its equity investment in Bitloops, a software development company with subsidiaries in Greece and Cyprus. Bitloops is an AI-powered front-end companion in VS Code that transforms designs into high-quality, maintainable codes. The investment round was led by Eleven Ventures with participation from Corallia Ventures and several angel investors. This funding will help Bitloops improve how teams turn Figma designs into high-quality, scalable, and maintainable code while maintaining engineering standards. Special thanks to the Kinstellar Istanbul/KST Law team led by Partner Emre Özer, including Associates Helin Akbulut and Tuğberk
CbC reporting in Ukraine for companies in U.S.-headquartered multinational enterprise groups: First reporting FY2024
Ukrainian taxpayers operating within multinational enterprise groups (MNEs) with consolidated annual revenues exceeding EUR 750 million may, for the first time in 2025, be required to independently file Country-by-Country (CbC) reports. This applies in particular to companies that are part of MNEs with a U.S.-based ultimate parent entity. Please read the complete overview below in English or in Ukrainian. Download in English: Download in Ukrainian:
Collateral damage for US/EU/UK companies? How Russia’s anti-sanctions litigation policy threatens cross-border dispute resolution in Kazakhstan
Russia’s aggressive anti-sanctions judicial policy is reshaping the legal landscape of cross-border dispute resolution. By routinely disregarding both arbitration and forum selection clauses, Russian courts are asserting jurisdiction over disputes involving sanctioned Russian parties—regardless of prior contractual arrangements. This trend creates acute risks for foreign companies that engage with Russian counterparties and simultaneously operate or hold assets in Kazakhstan, as Russian judgments may be enforced there. In this article, we examine recent developments in Russia’s anti-sanctions litigation policy and assess their potential impact within Kazakhstan’s legal framework for the recognition and
Kinstellar and KST Law assist Allison Transmission Holdings to acquire the Off-Highway business of Dana Incorporated for approximately US$2.7 billion
Kinstellar and KST Law are proud to have advised Allison Transmission Holdings on Turkish and Hungarian law aspects in connection with its entry into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a global leader in propulsion and energy-management solutions for vehicles and machinery across all mobility markets, for approximately US$2.7 billion. Special thanks to our team in Istanbul led by Partner Emre Özer, including Associates Helin Akbulut, Nihal Dilan Cantürk and Tuğberk Çakırca, for their invaluable contribution in making this transaction a success. Kinstellar's team in Budapest consisting of Partner Gábor Gelencsér, Counsel Mónika Frank, Senior Associate Gergely Simon
Auction for the concession of 18 mineral perimeters launched in Romania
Romania’s National Regulatory Authority for Mining, Petroleum and Geological Storage of Carbon Dioxide (ANRMPSG) has announced a new bidding procedure for 18 exploration concessions, as outlined in Order no. 280/2025, published in the Official Gazette of Romania on 10 June 2025. This bidding round includes mineral deposits such as limestone (industrial and construction alike), dolerite, salt, lignite, coal, tar sand, polymetallic ore (including gold-silver ore), graphite and feldspar. The concession areas are primarily located in Western Romania (Caras-Severin, Hunedoara, Mehedinti, Valcea, Gorj and Bihor counties), with additional sites in Wallachia and Moldavia. Romanian and international companies interested
Cyberbullying: How can employers in Romania address inappropriate behaviour in hybrid or remote work environments?
In a world where the boundaries between the physical and virtual office are increasingly blurred, employers are facing a new and complex challenge: cyberbullying. From passive-aggressive messages in a team chat to an inappropriate joke on an internal platform, subtle forms of harassment can have serious consequences for employees’ emotional well-being and the overall organisational climate. So how can employers manage and prevent such situations in order to protect both their employees and the company’s reputation? A new type of challenge: What Is cyberbullying? Cyberbullying refers to any form of aggressive, intimidating, or abusive behaviour carried out through digital technologies such as emails, instant
Labour relations under Martial Law: Recent amendments in Ukraine
Ukraine has adopted important changes to the legal framework regulating labour relations during martial law. The latest amendments impose new obligations on both employers and employees, including updated rules on communication, stricter dismissal restrictions, and limitations on the suspension of employment agreements. Please read the complete overview below in English or in Ukrainian. Download in English: Download in Ukrainian:
European Court of Justice reviews directors’ liability for cartel fines
Cartel fines, which can amount up to 10% of a company’s global group turnover, represent one of the most significant enforcement instruments in European competition law. With both the frequency and the magnitude of such cartel fines on the rise, companies are increasingly exploring the possibility of seeking recourse from managing directors. The admissibility of such damage claims is currently subject of preliminary ruling proceedings before the European Court of Justice (“ECJ”). 1. Facts of the case The Cartel Senate of the German Supreme Court (“BGH”, case no. KZR 74/23) referred a case to the ECJ involving a former managing director of a German limited liability company who simultaneously served as