Europe - Turkey
2

Restructuring and insolvency

Pelister Keki Sarac & Co

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Pelister Keki Sarac & Co is ‘uniquely equipped to handle complex NPL transactions with a deep understanding of debt recovery and asset restructuring’. The vastly experienced Kerim Pelister and Nazli Macun lead the ’modern, young and dynamic’ team, in which Senem Saraç is highly recommended for restructuring work. Active across a range of industries, notably banking and finance, manufacturing, and consumer goods, the firm is a key player in high-value debt restructuring initiatives, particularly those with a cross-border element.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Pelister Keki Sarac & Co.’s restructuring and insolvency practice is uniquely equipped to handle complex NPL transactions with a deep understanding of debt recovery and asset restructuring. Their strengths lie in blending regulatory expertise with practical solutions, allowing clients to manage high-stakes restructuring efficiently. Their proactive approach makes them a preferred choice for clients navigating Turkey's dynamic restructuring landscape.'

  • 'Senem Saraç led the restructuring transactions with exceptional strategic insight and hands-on guidance, ensuring each phase was meticulously executed. Her leadership, paired with her deep industry knowledge, adds remarkable value. Associates provided invaluable support, addressing complex details promptly and effectively. The team’s responsiveness, thoroughness and client dedication make them a standout in the field and a trusted partner in restructuring matters.'

  • 'They go above and beyond the call of duty to provide support. Their excellent understanding of the German legal system facilitates cross-border operations. The team is friendly, agile and competent.’

  • ‘The team was outstanding in any phase of the transactions. Great lawyers led by Kerim Pelister. Very happy overall!’

  • ‘Kerim Pelister was able to find great solutions in a very difficult environment. Very skilled lawyer and high-quality advice! Highly suggested!’

  • ‘Available, practical, solution-oriented, great mediators.’

  • ‘Kerim Pelister is an excellent lawyer with deep knowledge of the legal and business sides of restructuring and insolvency. Nazlıhan Macun is an upcoming star.’

Key clients

  • QNB Finans Leasing A.S.
  • QNB Finansbank A.S.
  • Vitus
  • ETC/Collecturk
  • Sekerbank
  • Halkbank
  • Vakıfbank
  • Eldor Corporation
  • Odeabank
  • Bialetti
  • Teknasyon
  • Airchina
  • Arven Pharmaceuticals
  • Eurocity

Work highlights

  • Advised Eldor Corporation S.p.A and its Turkish subsidiary, Eldor Turkey, on the restructuring and rescheduling of financial indebtedness amounting to EUR 111.2 million, involving Turkish banks with Türkiye İş Bankası A.Ş. as the lead bank.
  • Advised QNB Finansbank A.Ş. on the sale of a TRY 1.75 billion non-performing loan asset portfolio, comprising corporate, SME, personal loans, and credit card debts.
  • Advised Türkiye Halk Bankası A.Ş. (Halkbank) on the sale of a TRY 420 million non-performing loan asset portfolio, leading the process from portfolio selection through to auction and transaction closing.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Kerim Pelister
Pelister Keki Sarac & Co

Practice head

The lawyer(s) leading their teams.

Kerim Pelister, Nazlı Macun

Other key lawyers

Senem Saraç