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INTELLECTUAL PROPERTY MARKETPLACE ANALYSIS

Intellectual property law in Turkey has gained importance in recent years as an increasing number of multinational companies seek to register for patent and trademark protection in the country. While the law has remained unchanged for several years, professionals are now beginning to anticipate a new law, created by the Turkish Patent Institute, which could have a significant impact. Lawyers need to stay alert to market changes so they can provide the best advice to clients. In this edition we feature 18 leading intellectual property practitioners.

CORPORATE TAX MARKETPLACE ANALYSIS

While corporate tax in Turkey remains largely in the domain of the “big four” accountancy firms, recognition of the need of private practice legal tax experts is growing due to the country’s increasing aggressive tax enforcement policies. Our research identifies three “gold-standard” lawyers.

CONSTRUCTION AND REAL ESTATE MARKETPLACE ANALYSIS

Turkey’s “Vision 2023” sets out plans for dramatic infrastructure development in the country including several new airports, a major new bridge and a significant investment in urban renewal projects over the next 10 years. These plans are ambitious but not impossible given the large amount of foreign direct investment into the country and its growing use of public-private partnerships. This year we list nine outstanding construction and real estate lawyers.

COMPETITION MARKETPLACE ANALYSIS

Turkey’s competition bar is becoming increasingly sophisticated, in line with the country’s competition law and competition authority. In December 2012, the authority raised the threshold for mergers subject to antitrust review, a move which was welcomed by lawyers as it is expected to significantly reduce the number of deals notified to the authority. This will enable large foreign companies to purchase small and medium businesses in Turkey without having to notify their acquisitions. This chapter highlights 12 leading competition lawyers who are singled out for their first-class advice and knowledge of this field.

COMPETITION PRACTICE AREA REVIEW

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Gönenç Gürkaynak, ELIG Attorneys-at-Law

COMMERCIAL LITIGATION MARKETPLACE ANALYSIS

Litigation continues to be an active practice for lawyers in Turkey. In this chapter, we identify 16 individuals with the necessary skills to handle the most complex of disputes in the commercial or white-collar crime field. 

CAPITAL MARKETS MARETPLACE ANALYSIS

Recently Turkey has taken measures to remodel its capital market structures, such as combining its three exchanges to form Borsa Istanbul. Government ministers are confident that unifying the exchange will stimulate growth of the economy, and promote diversification into previously untapped markets such as commodities. It is also hoped that strengthening the underlying capital markets law and ensuring its compliance with EU regulation will provide encouragement to investors. In a sector undergoing considerable change, our research identifies 16 lawyers who are forerunners in the field.

BANKING MARKETPLACE ANALYSIS

In January 2013, Moody’s Investors Service reported that Turkey’s banking sector outlook remains stable with moderate economic growth and improving financial strength creating supportive operating conditions for banks. However, Moody’s also warned that it expects net profit margins to weaken over the next 12–18 months as banks face heightened competition and rising provisioning costs. We identify 10 prominent lawyers with the necessary skills and experience to advise clients on banking regulations and transactions.

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