The ‘responsive’ team at well-established independent firm Çakmak Attorney Partnership provides ’high-quality’ Turkish law advice to lenders providing finance to facilitate a range of projects in regulated sectors, including energy and mining. Devrim Ergun has entrenched relationships with international banks and IFIs, regularly advising them on event-driven financings, as well as handling work for underwriters on bond issuances and across a range of regulatory matters. Gökhan Okan is ‘deeply knowledgeable’ at handling project/infrastructure finance matters, although he has more of a domestic bank focus which he also advises on their day-to-day regulatory needs. Other areas of transactional expertise include export finance, corporate lending and acquisition finance.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The responsive team provides high-quality advice.'
  • 'They are responsive and always go the extra mile to assist us.'
  • 'Gökhan Okan is deeply knowledgeable.'
  • 'Nazlı Başak Ayık provides well-founded legal advice in an extremely efficient and reliable way.'

Key clients

  • Emirates NBD Bank (P.S.J.C), Abu Dhabi Commercial Bank PJS, and the syndicate of banks
  • European Bank for Reconstruction and Development (EBRD)
  • Türkiye Garanti Bankası A.Ş. (Garanti BBVA)
  • Türkiye İş Bankası A.Ş. (İşbank)
  • TSKB
  • Bayerische Landesbank (BayernLB)
  • Yelen-Gülpınar Enerji Üretim Sanayi ve Ticaret A.Ş., a subsidiary of ERN Holding and Yıldızlar Grup
  • T.C. Ziraat Bankası A.Ş. (Ziraatbank)

Work highlights

  • Advising the lenders on a €60m additional financing to be provided to a leading Turkish conglomerate for the financing of the cost increase in the construction of a city hospital project and the refinancing of the borrowers’ certain existing debts with the lenders.
  • Advised Garanti BBVA on the 2023 update of its $6bn Global Medium Term Note Program and a $500m Tier II note issuance in the international markets thereunder.
  • Advised EBRD on a €30m senior secured loan to Mel 3 Gayrimenkul Geliştirme Yatırım İnşaat ve Ticaret A.Ş., an SPV affiliate of Rönesans Gayrimenkul Yatırım A.Ş. and Rönesans Holding, for the financing of the repair and maintenance works relating to Kahramanmaraş Piazza and Şanlıurfa Piazza Shopping Centers and rent discount supports to be provided to tenants affected by the 2023 earthquakes.

Practice head

The lawyer(s) leading their teams.

Devrim Ergun, Gökhan Okan

Other key lawyers

Aslı Pabuççuoğlu, Nazlı Başak Ayık