Registered with Turkish Bar Association under registration number 23 and with Istanbul Bar Association under registration number 6, ASC Law Office ("ASC") was founded in 2001 by Dr. Atty. Murat Aksu, Atty. Mahmut Savas, and Atty. Zeki Çaliskan who previously served in executive positions of reputed companies of the private sector and decided to bring together the experience they gained in different fields. In 2005, Atty. Okan Beygo joined ASC as a partner lawyer.
ASC presently renders legal services to its clients at international quality standards through twenty-five lawyers, four of whom are partners, five trainee lawyers and one advisor at its office in Central Istanbul, located at Harman Sokak, Harmanci Giz Plaza Kat. 16, Levent ASC has also a competent assistance network which helps it cooperate Turkey-wide, including Ankara and Izmir in particular.
Murat Aksu shapes the entrepreneurial profile of ASC with a focus on improving the business, and brings several renowned companies in Turkey together with foreign investors. In addition to legal counseling services, Mr. Asku chairs the foreign clients and project development department of ASC. Mr. Asku provides guidance to ASC in the fields of Business Law, Sports Law and Investment Law. Zeki Çaliskan renders counseling services on negotiation and restructuring of corporate debts, and private legal entities. Mr. Çaliskan is responsible for managing and managing ASC, ensuring coordination with clients, and supervising the projects carried out by ASC.
Mahmut Savas is responsible for pursuing and concluding the jobs undertaken by before any judicial and administrative authority, coordinating and auditing the lawyers working at ASC, and executing the relationship with other offices and consultants with which ASC cooperates business. Mr Savas has substantial experience in dealing with legal disputes that occur particularly in the construction business. Mr Savas has taken active part in the drafting of all sorts of text like contracts, specifications, minutes, protocols, etc. related to the construction sector, and the settlement of disputes through amicable or judicial means.
Okan Beygo complements the dynamic of ASC with the experience he has gained in several areas of finance law especially when working at domestic and foreign companies. Mr. Beygo has rendered legal counseling services to many major financial institutions, and has valuable practical experience in banking law, capital markets law, mergers and acquisitions, and securities and private equity issues. Mr. Beygo leads the young and dynamic staff of ASC in the resolution of problems and disputes which clients of ASC face in relation to finance law.
ASC provides a full range of legal services to domestic and foreign clients and has built a reputation in international practice for its consistent prudence and client-focused approach to best attend the needs of each client. Building on the rich potential of dynamic team of partners, lawyers and legal interns in its Istanbul Office, alongside numerous respected outside counsels, ASC maintains a strong practice in various legal sectors. Each member of its staff has taken part in numerous international deals, including banking and finance, project finance and also in mergers and acquisition transactions.
Throughout its combined expertise in regulatory and corporate fields, ASC offers a broad spectrum of legal services in banking and finance to domestic and foreign clients. ASC practices start from constructing the term sheet to finalizing the closing and beyond, including the drafting of facility and security documents, due diligence of transactions, the registration of security agreements, an the setting up of structures for corporate borrowers, commercial and investment banks, and financial institutions in respect of their funding transactions. ACS represents several different local and foreign banks in their day-to-day transactions, as well as complex derivative and custody-related transactions. The ASC team has represented and continues to represent clients on a regular basis regarding their capital investments, acquisitions and joint ventures in various sectors, including but not limited to the construction and real estate sectors. The firm has abundant experience in negotiating the terms of construction and long-term real estate lease contracts. ASC's experience covers the legal aspects of land use in the construction business, title issues in housing finance, equipment and services procurement relating to construction work, as well as the drafting and review of International Federation of Consulting Engineers Contracts, long-term lease structures and project financing.
While having extensive experience in rendering legal services to major banks, ASC became widely acclaimed for handling international and domestic client engaged in many sectors of the energy industry, and has also broadened its clientele by means of legally assisting energy companies in project development and providing comprehensive advisory services.
ASC monitors the legal developments and changes in Turkey and the world closely with its dynamic and efficient staff ASC informs its clients of such changes and developments on an ongoing basis, and endeavors to answer any question that may be raised by its clients in each area of law.
Recent Deals
Advisory Services provided of our clients
· Project Finance, (ongoing deal), Advising mandated lead arrangers for the project finance of USD 354,000,000 with respect to the construction of two hydroelectric power plants having 275 MW installed capacity in total by a major electric generation company.
· Acquisition Finance, (ongoing deal), Advising a reputable Turkish Bank in respect of a credit facility to be extended to a Turkish Private Fund for the acquisition of 100% shares of a Turkish Company.
· IPO, (ongoing deal), Advising one of the leading Turkish Holding Companies in respect of public offering of its shares.
· Acquisition Finance, (ongoing deal), Advising an electric distribution company in respect of a credit facility of USD 310,000,000 to be extended by three respectable foreign banks for the acquisition of 100% shares of an electricity distribution company from the Turkish Privatization Authority.
· Project Finance, (ongoing deal), Advising a major Turkish Holding Company for the project finance of EUR 16,000,000 with respect to the construction and operation of infrastructure investment to be financed by a respectable foreign bank.
· Project Finance, (ongoing deal), Advised an electricity company and its shareholders all of which are major holding companies in Turkey for the project finance loan agreements of USD 145,000,000 with respect to construction of a hydroelectric power plant of 120 MW to be financed by four major and reputable Turkish Banks.
· Project Finance, (ongoing deal), Advising a major Turkish Bank, in respect of USD 40,700,000 credit facility to be extended to a major electric generation company for the financing of a hydro electric power plant of 25 5 MW construction and operation project.
· Project Finance, (ongoing deal), Advising a Turkish Holding Company, in respect of USD 317,500,000 credit facility to be extended to an electric generation company for the financing of a thermal energy power plant of 600 MW construction and operation project.
· Project Finance, (ongoing deal), Advising a reputable Turkish Bank for the project finance of USD 15,000,000 with respect to financing of a geothermal electric plant project of 9 5 MW by a geothermal energy generation company.
· International Arbitration, (ongoing arbitration case), Collaborating with a reputable Swiss Law Firm in an international arbitration under Swiss Rules of International Arbitration held before Swiss Chamber of Commerce with respect to a relief for payment worth EUR 47,000,000.
· Acquisition Finance, (September '10), Advised Aksa Holding Anonim Sirketi in respect of a credit facility of USD 232,000,000 to be extended by Turkiye Sinai Kalkinma Bankasi Anonim Sirketi, Turkiye Is Bankasi Anonim Sirketi, Yapi ve Kredi Bankasi Anonim Sirketi and Turkiye Garanti Bankasi Anonim Sirketi for the acquisition of 100% shares of an Çoruh Elektrik Dagitim Anonim Sirketi from the Turkish Privatization Authority.
· Project Finance, (September '10), Advising a major Turkish Holding Company for the project finance of EUR 64,400,000 with respect to the construction of a shopping mall to be financed by a reputable Turkish Bank.
· Acquisition Finance, (August '10), Advised Turkiye Garanti Bankasi Anonim Sirketi, Turkiye Is Bankasi Anonim Sirketi, Turkiye Sinai Kalkinma Bankasi Anonim Sirketi, Turkiye Halk Bankasi Anonim Sirketi, and Turkiye Vakiflar Bankasi Anonim Sirketi, in respect of a credit facility to be extended to Kolin Turizm Sanayi ve Ticaret Anonim Sirketi,, Limakl Insaat Sanyi ve Ticaret Anonim Sirketi ve Insaat Cengiz Insaat Sanayi ve Ticaret Anonim Sirketi partnership for the acquisition of 100% shares of Uludag Elektrik Dagitim Anonim Sirketi from the Turkish Privatization Authority.
· M&A, (Jul '10), Advised a Turkish Holding Company, in respect of purchasing the shares in the amount of EUR 176,000,000 of a company which owns a shopping mall.
· Project Finance, (Jul '10), Advised Akenerji Elektrik Uretim A S for the project finance of USD 75,000,000 with respect to financing of construction and operation of two hydro electric power plants having 192 7 MW installed capacities in total to be financed by International Finance Corporation.
· IPO, (June '10), Advised Anel Elektrik Proje Taahhut ve Ticaret A.S. in respect of public offering of its shares.
· Project Finance, (June '10), Advising a major Turkish Holding Company for the project finance of USD 67,500,000 with respect to the construction of a hydroelectric power plant of 43 MW to be financed by a reputable Turkish Bank.
· IPO, (May '10), Advised Akfen Holding A S in respect of public offering of its shares.
· Project Finance, (Apr '10), Advised a reputable Turkish Bank for the project finance of EUR 165,000,000 with respect to the construction of a shopping mall, amusement park and hotel investments by a well known Turkish company.
· Project Finance, (Apr '10), Advised four major Turkish Banks, in respect of EUR 137,800,000 credit facility to be extended to seven different production SPV for the financing of a portfolio of pure renewable energy consisting of nine hydro power plants having 185 2 MW installed capacities in total construction and operation project.
· Project Finance, (Apr '10), Advised two major Turkish Banks, in respect of USD 100,000,000 credit facility to be extended to a natural gas distribution company for the construction and operation of distribution network.
· Project Finance, (Apr '10), Advised two major Turkish Banks, in respect of USD 80,000,000 credit facility to be extended to a natural gas distribution company for the construction and operation of distribution network.
· M&A, (Apr '10), Advised foreign and Turkish Shareholders of a Turkish Mortgage Company, in respect of the sale of their shares to a Turkish company in the amount of USD 8,350,000.
· Project Finance, (Apr '10), Advised a major Turkish Bank, in respect of EUR 45,000,000 credit facility to be extended to multinational electricity production companies for the financing of two wind farms (wind power plant) of 32 5 MW construction and operation project.
· Project Finance, (Mar '10), Advised mandated lead arrangers considering of two reputable Turkish Banks with respect to refinancing of the facility of two hydroelectric power plants of 98 3 MW worth EUR 25,000,000.
· Project Finance, (Jan '10), Advised an electric company and its shareholders two of which are major holding companies in Turkey and one in Belgium together with Norton Rose LLP for the project finance loan agreements of USD 750,000,000 with respect to construction of a hydroelectric power plant of 500 MW to be financed by four major and reputable Turkish Banks.
· Project Finance, (Dec '09), Advised a major Turkish Holding Company for the project finance of USD 87,500,000 with respect to the construction of a wind farm of 45 MW to be increased up to 60 MW to be financed by a reputable Turkish Bank.
· Project Finance, (Dec '09), Advised mandated lead arrangers consisting of two reputable Turkish Banks with respect to the financing of USD 75,000,000 with respect to a natural gas distribution facility to be established by a natural gas distribution company.
· Project Finance, (Dec '09), Advised an energy generation company for EUR 28,000,000/USD 79,000,000 multi currency project finance with respect to construction of three hydroelectric power plants having 64 MW installed capacities in total.
· Project Finance, (Dec '09), Advised Turkiye Sinai Kalkinma Bankasi A S for the project finance of USD 35,000,000 with respect to the construction of two hydroelectric power plants having 26 MW installed capacities in total by 3M Enerji Elektrik Uretim A S.
· Project Finance, (Nov '09), Advised a reputable Turkish Bank for the project finance of USD 39,000,000 with regards to the construction and operation of two LFG generation power plants of 20 MW by an international energy company.
· Project Finance, (Oct '09), Advised one of the largest Turkish Energy Companies for the financing of an electricity distribution project in the amount of USD 300,000,000 - USD 450,000,000 together with Norton Rose LLP.
· Project Finance, (Oct '09), Advised Turkiye Sinai Kalkinma Bankasi A S for the project finance of USD 47,000,000 with respect to the construction of an hydroelectric power plant of 49 MW by Akdenizli Elektrik Uretin A S.
· Loan Agreements, (Aug '09), Advised a reputable Turkish Construction Company with respect to two loan agreements to be executed with two foreign banks in the amount of approximately EUR 14,000,000.
· Project Finance, (Jul '09), Advised a reputable Turkish Bank for the project finance of USD 17,000,000 with respect to a geothermal electric power plant project of 7 5 MW by a geothermal energy generation company.
· Project Finance, (Jul '09), Advised Turkiye Sinai Kalkinma Bankasi A S for the project finance of USD 56,000,000 with respect to the construction of our hydroelectric power plant of 36 1 MW by Essentium Group S L.
· M&A, (Jun '09), Advised the purchaser regarding the acquisition of three power plant projects having 2000 MW installed capacity worth USD 1,810,000,000, USD 560,000,000 and USD 560,000,000 respectively.
· Project Finance, (Mar '09), Advised Turkiye Sinai Kalkinma Bankasi A S, Finansbank A S, Denizbank A S and Yapi ve Kredi Bankasi A S for the project finance of EUR 164,000,000 with respect to the construction of eleven hydroelectric power plant of 135 MW by Akfen Holding A S.
· Project Finance, (Jan '09), Advised Bank Pozitif Kredi ve Kalkinma Bankasi A S for negotiations, amendments and finalization of the loan agreement and security documents with respect to the project finance of EUR 16,000,000 in relation with the construction of one wind power plant of 15 MW, by Boreas Enerji Uretim A.S.
· EPC Contract, (Oct '08), Advised a Turkish Company for the construction, supply and engineering agreement with respect to the construction of one of the largest hydro electricity power plant in Turkey worth USD 1,100,000,000.
· Project Finance, (Sep '08), Advised Turkiye Sinai Kalkinma Bankasi A S and Is Bankasi for the project finance of EUR 100,000,000 with respect to the construction of a hotel chain by a reputable Turkish company.
· Project Finance, (Aug '08), Advised a major Turkish Bank together with Allen & Overy LLP for the project finance of USD 101,000,000 with respect to the refinancing of the loans granted to a reputable Turkish Company.
· Project Finance, (Jul '08), Advised a reputable Turkish Company regarding the loan agreement with the respect to the purchase of seven ships worth USD 184,000,000.
· Project Finance, (Jul '08), Advised Buyukhanli Gayrimenkul Yatirim OrtakligI A S for the project finance of the construction of "Residence 212" with Edip Iplik A S worth between EUR 80,000,000 and EUR 100,000,000.
· LBO and Project, (May '08), Advised Mehmet Ali Aydinlar, Hatice Seher Aydinlar and Acibadem Saglik Hizmetlen A S with regards to the share transfer of Mehmet Ali Aydinlar and Hatice Seher Aydinlar's share under Acibadem Saglik Hizmetlen A S to Walnut Holding A S and Almond Holding A S, worth approximately USD 1,000,000,000 together with Allen & Overy LLP. In addition to that, advised Mehmet Ali Aydinlar, Hatice Seher Aydinlar and Abraaj Capital Holdings Limited for the financing of the acquisition worth USD 400,000,000.