A key market for many of our clients, Türkiye continues to offer growth and investment opportunities. Clients look to White & Case for tailored international legal advice and an understanding of the economic, regulatory and political environment that can impact their objectives. Offering innovative solutions combined with a pragmatic attitude, we have played a role in the legal aspects of many of the market-transforming developments of the Turkish economy. We also regularly advise clients on some of the most important cross-border litigation and arbitration that impacts Türkiye. White & Case works with GKC Partners in professional association on matters of Turkish law.

Our team has built deep relationships with market leaders across many sectors, resulting in astute, practical insight into how to get transactions done. Our clients include some of the largest banking and energy companies, both public and private, locally based and international. Our unparalleled experience in core sectors and continued involvement in the groundbreaking transactions has secured us the key mandates from our clients and repeatedly earned us "Top Tier Firm" rankings by the world's leading legal ranking organizations.

We have been present on the ground in and committed to the Turkish market since 1985—the first global law firm with a presence in Türkiye. With over 30 years of experience in the region, an office in Istanbul and a professional association with GKC Partners in Istanbul, clients benefit from our deep roots and the fact we have worked on many "firsts" in the market. Notable deals include the first private equity deal, first global IPO, first securitization, first airport privatization and the largest private real estate transaction in Türkiye.

Drawing on the global resources of the Firm, our team in Türkiye bring both breadth of experience and local know-how to our clients' most important business challenges.



Tier 1 for Banking, Finance & Capital Markets, Financial Restructuring & Insolvency
Standalone Tier 1 Foreign Firm in Türkiye
The Legal 500 Türkiye 2022

Tier 1 for Banking & Finance and Capital Markets
Chambers and Partners - Türkiye 2022

Türkiye Corporate Law Firm of the Year
IFLR1000 Europe Awards 2021

Banking and Finance Legal Advisor of the Year
Bonds and Loans Türkiye Awards 2021

Tier 1 for Banking, Project Finance and Corporate/M&A
IFLR1000 - Türkiye 2021

Awarded in 3 categories at Bonds & Loans Awards 2021 by GFC Media Group.

2021 CEE Deal of the Year - Türkiye
IPO of Hepsiburada.com on Nasdaq
2021 CEE Legal Matters Awards

Türkiye M&A Legal Adviser of the Year
Mergermarket 2019


Largest airport financing to date, worldwide
Six Turkish banks in financing of EPC contractor of Istanbul Third Airport, with a total project investment of more than €10 billion.

Antalya Airport financing
The Lenders, consisting of Deutsche Bank, TEB, Akbank, Ziraat Bankası, VakıfBank, Alpha Bank, Piraeus Bank, Kommunalkredit Austria AG and QNB Finansbank, and the sponsors were TAV Airports and Fraport AG in the financing of the €1.812 billion DHMI upfront lease payment for the Antalya Airport.

Restructuring of four Turkish major football clubs
Lenders (Ziraat Bank, DenizBank, HalkBank and Yapı Kredi Bank) in the financial restructuring of the big four Turkish premier league football clubs for TRY 8.4 billion.

İDO's restructuring
Lenders (EBRD, Garanti Bank, İş Bank, DenizBank, VakıfBank and Türkiye Sınai Kalkınma Bankası) in the restructuring of the existing debt of İDO İstanbul Deniz Otobüsleri Sanayi ve Ticaret A.Ş. (İDO), where Akfen Holding A.Ş., Tepe İnşaat Sanayi A.Ş., Sera Gayrimenkul Yatırım ve İşletme A.Ş. and Souter Capital LLP acted as the sponsors. 

Major e-commerce sector deal
Softbank Vision Fund in its US$400 million primary investment in DSM Grup Danışmanlık İletişim ve Satış Ticaret A.Ş., a subsidiary of Alibaba trading, as Trendyol and Türkiye's leading online retail platform. The transaction makes Trendyol Türkiye's largest startup after fundraising and first "decacorn," with a valuation exceeding US$10 billion.

BBVA €2.25 billion bid for Garanti Bank
Grupo BBVA on its bid for the voluntary tender offer to buy out the remaining 50.15 percent stake in Garanti Bank for up to €2.25 billion.

Largest Eurobond transaction ever
Citi, Goldman Sachs and J.P. Morgan, as joint bookrunners, in Aydem Renewables' US$750 million inaugural senior secured green bond transaction. The largest Eurobond transaction by a Turkish corporate and the largest DCM transaction by a renewable company in CEEMEA.

Türkiye's largest sustainability-linked loan
Enerjisa on a €650 million corporate financing provided by Akbank, HSBC Bank, ING Bank, Garanti Bank and İş Bank. 

Limak Iskenderun's project bond issuance
UBS and Bank of America Securities, as joint bookrunners, in the issuance of amortizing senior secured US$370 million project bonds under Rule 144A/Regulation S due 2036 by LimakPort. This groundbreaking transaction achieves several firsts: the first marketed project bond in Türkiye, the first project bond by a Turkish company, the first Turkish corporate bond with a sustainability-linked coupon, one of the first bonds from EMEA offered into the US under Rule 144A with a sustainability-linked coupon, and the first ESG-linked corporate bond in Türkiye.

First IPO of a Turkish company on Nasdaq
Hepsiburada.com, a Turkish e-commerce giant, in its US$780 million IPO (including green-shoe) on Nasdaq, the first IPO by a Turkish company on Nasdaq, the largest Turkish tech IPO in history and the largest Turkish IPO in more than a decade.

UniCredit's exit from JV with Yapı Kredi Bank
UniCredit S.p.A., one of Europe's largest and oldest banking groups, on the unwinding of its 17-year-long joint venture banking arrangements with local partners in Türkiye in respect of Yapı Kredi Bank, the third-largest financial services provider in Türkiye.

Yemeksepeti's acquisition of Marketyo
Yemeksepeti, the Turkish subsidiary of Delivery Hero, the world's leading local delivery platform operating in more than 40 countries across Asia-Pacific, Europe, Latin America, the Middle East and North Africa, in its acquisition of the shares representing the entire share capital of Marketyo Bilişim Teknoloji A.Ş., an online shopping platform providing local supermarkets the opportunity to conduct their business online.

Syndicated financing of Uludağ Electricity Distribution Region
The consortium of conventional and Islamic financiers, including İş Bank, Garanti BBVA, DenizBank, Halkbank, Türkiye Sınai Kalkınma Bankası, Türkiye Finans Katılım Bankası and Vakıfbank, on the debt reprofiling and new capex financing of the Uludağ distribution region companies as part of their sale to Actis, a leading global sustainable infrastructure investor, by the Limak Group.

Borusan's dual-tranche loan
Borusan Holding in its borrowing of a dual-tranche US$155 million and €87 million syndicated loan from Turkish and international financial institutions. HSBC Middle East Limited acted as the agent bank, and HSBC Turkey, HSBC Bank Middle East Limited, Garanti BBVA, ICBC, İş Bankası, Akbank, Yapı Kredi Bank, QNB Finansbank, Vakıfbank, Odeabank and Alternatifbank were the members of the loan syndicate.

Polat Enerji acquisition financing
İş Bank and TSKB in the US$122.5 million financing for Adnan Polat Enerji's (APEY) full acquisition of Polat Enerji, preceded by the financing extended for the purposes of acquisitions and intra-group reorganizations in the context of the acquisition of 50 percent of the shares in APEY by Maxis Girişim Sermayesi Portföy Yönetimi A.Ş. Yenilenebilir Enerji Girişim Sermayesi Yatırım Fonu.

Pegasus's Eurobond issuance
Pegasus Airlines, Türkiye's leading low-cost carrier, on its US$375 million debut Eurobond issuance due in 2026, where BofA Securities and Goldman Sachs International acted as global coordinators and bookrunners.

Zynga's acquisitions in the Turkish online gaming sector
Zynga, in its numerous acquisitions of online gaming studios in Türkiye, including its landmark US$1.8 billion acquisition of Peak Games.

First convertible bond out of Türkiye
SASA Polyester Sanayi A.Ş., as issuer, on the offering of €200 million guaranteed convertible bonds. The transaction is the first-ever convertible bond offered internationally by a Turkish company and opens up the Turkish bond market to similar issuances in the future.

Financing of Aydın- Denizli Motorway
Fernas Construction Company Inc., a prominent Turkish construction company, in the €770 million financing of the construction of Aydın-Denizli Motorway in accordance with the build-operate-transfer model. The financing was extended by the offshore branches of the consortium of Turkish banks consisting of Ziraat Bank, Akbank, İş Bank and Yapı Kredi Bank, and is entitled to benefit from the debt assumption by the Ministry of Treasury and Finance of Türkiye.