Adding to the awards shelf for 2010 Pekin & Pekin has picked up three more awards from Finance Monthly magazine

• M&A Turkish Law Firm of the Year 2010
• Banking & Finance Turkish Law Firm of the Year 2010
• Dispute Resolution Turkish Law Firm of the Year 2010

Congratulations to the teams and thanks to our clients and friends for the continual support.

Other recent awards include:

• International Financial Law Review Turkish Law Firm of the Year 2010
• International Tax Review Turkish Tax Firm of the Year 2010
• Legal Alliance Gold Turkish Law Firm of the Year 2010
• Project Finance Metals Deal of the Year 2009 (MMK deal)
• GTR Trade Finance Deal of the Year 2009 (MMK deal)
• World Finance 2010 Legal Awards Best Foreign Investment Practice
• World Finance 2010 Legal Awards Best Dispute Resolution Team  

External Link

Finance Monthly

Related Links

Banking & Finance

Capital Markets

Corporate/M&A

Dispute Resolution

Project Finance

Tax

The latest quarterly Pekin & Pekin Legal Newsletter has been published. Outlining key developments in the past three months, the newsletter is an essential source of concise information for those outside of Turkey keeping track of legislative changes.

This quarter includes the information on the new bank information systems, structures for the internal systems of banks, new incentives for pension mutual fund and venture capital investment companies, new export incentives on offer, provisions to the Mining Law, and energy sector legal updates.  

Pekin & Pekin Legal Newsletter

Publishers: International Tax Review

Synopsis: Akbank's landmark USD1bn bond sale highlights the ongoing developments in Turkey on the application of withholding tax for foreign and Turkish bond issuers. Ali Şanver comments on the latest debate and provides a table on the withholding tax rates on interest and gains on Turkish securities.

Link: Access the article here

Contributor: Ali Şanver, Partner

Related Links

Expertise

Tax

Publications

Articles

Publishers: Wolters Kluwer

Publisher Information: 

Corporate Acquisitions and Mergers provides a one-stop guide to the local practical issues involved. Some of the world's most distinguished law firms, each of them identified as a leading firm in the mergers and acquisitions field in their own country, offer a rich source of information and advice on domestic issues arising on M&A transactions.

The book has been restructured and expanded to cover all the most significant economies in the world (some 50 countries in all). The work is kept up-to-date by regular supplements, which track the key changes and developments in national laws and practice affecting mergers and acquisitions. The work now offers a truly global coverage.

Link: Access chapter for Turkey here

Contributor: Ayça Sevimay and the Corporate Team

Related Links

Expertise

Corporate M&A

Publisher: Pekin & Pekin

Overview: Pekin & Pekin maintains a library of memorandums for lawyers and clients, regularly updated with the latest legal developments. All memorandums currently available can be found in Publications (see below), searchable by practice area, sector or key words.

Contributor: Advisory

Related Links

Publications

Memorandums

Event: Islamic Finance Roadshow, Istanbul, 11 June 2010

Overview: Ali Şanver, Sezin Okkan Çalışkan and Fuat Tuaç will be participating in the following sessions at the latest Islamic finance conference in Istanbul.

• Session 1 Participation Finance Regulatory and Infrastructure Developments in Turkey
• Session 3 Participation Products: What Can and Can’t be Done?
• Session 4 Issuing & Investing in the Participation Financial Markets
• Session 5 Round Table Discussion: Establishing and Accelerating Istanbul’s Growth as the Financial City of the Future by 2012

Related links

Event

Expertise

Islamic Finance

Banking & Finance

Capital Markets

Tax

Continuing a year of awards Pekin & Pekin now adds the International Legal Alliance Gold award to its collection. At the ceremony in Paris judges, comprising of industry experts and peers, were impressed with the Firm's breadth of cross-border deals in M&A and Corporate Finance, and acknowledged the complex structuring of the deals undertaken by the teams. Sector and regulatory expertise, the business partnership approach and the superiority of legal services clearly demonstrate the strength of Pekin & Pekin as a full-service law firm in the region.

External Link

International Legal Alliance Summit & Awards 2010

Related Links

Expertise

Banking & Finance

Capital Markets

Corporate/M&A

Dispute Resolution

Tax

Publishers: TerraLex

Synopsis:

The analysis below addresses the issue of whether Articles 23/4 and 22/1/d of the Turkey/Italy and Turkey/Spain prevention of double taxation treaties offer a unique opportunity for cross-border financial structuring in relation to dividends, royalties and interest income.  For the reasons set forth below, this author believes that the deemed (notional) foreign tax credit available under the Spain/Turkey and Italy/Turkey tax treaties may offer additional benefits in relation to cross-border lending and investments in debt and equity issues, provided that local tax offices can be convinced to apply the international tax treaty provisions.

Contributor: Ali Şanver, Tax

Related Links

TerraLex Newsletter

Expertise

Tax

Publishers: TerraLex

Extract: 

The Turkish Labor Code (Law No. 4857) does not impose any non-compete obligations on employees. Nevertheless, during the currency of an employment contract, the obligation of fidelity (obligation de fidelite-Treuepflicht) can be contractually imposed on the employee requiring him to act in good faith and in the legal interests of the employer.

Any post-termination prevention of competition by the employee is regulated by the employment contract through a non-competition clause or by executing a separate "non-competition agreement" under the general provisions of the Code of Obligations (Law No.818) and the established principles of the Turkish Competition Board.  This Board, a governmental body established as per Article 20 of the Law Regarding the Protection of Competition (Law No. 4054) under the Turkish Competition Authority, ensures the formation and development of markets for goods and services in a free and sound competitive environment, observes the implementation of such law, and fulfills the duties assigned to it thereby.

Contributor: Gülnisa Coşkun, Lead Lawyer Employment

Related Links

TerraLex Newsletter

Expertise

Employment

Just 14 months after the launch of the Tax practice group, Pekin & Pekin has been named International Tax Review's Turkish Tax Firm of the Year 2010.

A coveted award, this is the first time a Turkish law firm has won signalling a change in the market and the quality of legal services on offer. Judges were impressed by the Tax team's dual tax accounting and legal expertise, its groundbreaking work in the tax structuring of novel cross-border financing and the innovative use of the law in tax optimisation strategies.

As the Tax practice continues to develop we would like to share this moment of celebration with our clients, colleagues and friends.

Related Links

External

International Tax Review

Expertise

Tax

Our Partners

Ahmed Pekin

Ali Şanver