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Allen & Overy cements Istanbul presence with exclusive association with Turkish firm Gedik & Eraksoy


Turkish partners Hakki Gedik and Gökhan Eraksoy, previously partners and joint heads of the banking and finance department at a leading Turkish firm, have formed Gedik & Eraksoy with the intention that it becomes a market leading Turkish law firm and have decided to form an exclusive association with Allen & Overy. The firm is operational from 16 November 2012 and will initially consist of Hakki, Gökhan and eight associates.

Senior partner of Allen & Overy's Turkish office Charles Lindsay commented: "Since 2002 we have watched with great interest the economic and political advances made by Turkey and this has been reflected in a very significant focus by our clients on Turkish business. There is a real need for banking and capital markets expertise in the Turkish market over the coming years and even more so in light of the recent announcement by Fitch of an investment grade rating for Turkey."

"In the energy and infrastructure sector alone there is a demand for approximately USD50 billion of financing for projects. We are also seeing significant and increasing interest from our clients globally in acquiring Turkish assets both on the strategic and private equity side. Our exclusive association with Hakki and Gökhan will give clients a highly credible Turkish law offering in all these areas recognised both internationally and by the major corporates and financial institutions in Turkey."

Hakki and Gökhan will be based in Istanbul with practice areas including all aspects of banking and finance, including syndicated lending, bond financing, leveraged finance, project finance, Islamic finance, financial regulatory, securitisations, other structured finance, and equity capital markets. They will also advise international and local clients either as buyers or sellers in relation to Turkish targets and in cross-border M&As, privatisations, and private equity transactions.

Further Information

For media enquiries or further information please contact Margherita Orlandini, on +44 (0) 203 088 2116.





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