News

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Q2/2015 Double Taxation Agreement between United Mexican States and Turkey has been approved by the Council of Ministers

The Council of Ministers through its Decree (Decree No.2015/7628) (published in the Official Gazette dated June 06, 2015 and No. 29378) has approved the Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income which has been signed between the United Mexican States and Turkey. The Agreement and its protocols will become effective after the reciprocal notifications of the parties.

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Corporate and M&A, Banking & Finance Teams Advises Multiple Lenders in Financing CCGT Power plant

Date: December 2014

Pekin & Pekin’s Corporate and M&A team, led by Kemal Serdengeçti, and the Banking and Finance team led by Ahmed Pekin, advised The Export-Import Bank of Korea (K-EXIM), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Standard Chartered Bank and Banque Saudi Fransi on the USD 1 billion project financing of a 950 MW combined cycle natural gas-fired (CCGT) power station in Kirikkale, Turkey.

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Corporate and M&A Team Advises TAV Airports in the Acquisition of Sabiha Gokcen Airport Shares in EUR 285 million Deal

Date: September 2014

Pekin & Pekin’s Corporate and M&A team, led by Kemal Serdengeçti, advised on the acquisition of Istanbul Sabiha Gökçen Airport shares by TAV Havalimanları Holding A.Ş. (“TAV Airports”), the leading Turkish brand in global airport operations, teaming up with a major international law firm. Kemal Serdengeçti and Senior Associate Yegân Liaje spearheaded the effort with other members of the Corporate and M&A team.

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Pekin & Pekin to Provide Training on Material Event Disclosures

The Institution of Capital Markets Licensing, Registry and Education (SPL) and the Association of Executives of Exchange Listed Companies (Kote-Der) have organized a training seminar on Material Event Disclosures to be held on September 9, 2014 in Istanbul. The training will be provided by Özge Okat, Government Affairs & Compliance Director of Pekin & Pekin and it will be focused on essential training and recent developments for professionals working in Turkey’s capital markets industry. Pekin & Pekin regularly provides training such as this as a service to the professional community. Detailed information can be found here (Turkish only).

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Corporate M&A Team Advises on Winning National Lottery Privatisation Bid

Date: July 2014

In a year that marked major privatisation activity, Pekin & Pekin’s Corporate and M&A team, led by Kemal Serdengeçti, advised on one of the most important privatisation deals of 2014. Senior Associate Yegân Liaje spearheaded the effort with other members of the Corporate and M&A team which saw Net Şans-Hitay Ortak Girişim Grubu, a consortium consisting of Net Şans Oyunları Yatırım A.Ş. – a subsidiary of Net Holding, and Hitay Yatırım Holding A.Ş. awarded an exclusive license to operate the national lottery for a fixed term of ten (10) years.  The 2.755 billion USD  + VAT winning bid adds to the year to date total of privatizations of nearly 10 billion USD awarded by the government. The consortium expects to bring new efficiencies and technologies to the service, particularly over internet and mobile platforms.

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