Turkey’s largest financial institutions, borrowers and corporate clients choose ASC Law Office‘s restructuring and insolvency team for its ‘extensive expertise’ in the practice. High-profile debt restructuring transactions, advising both creditors and debtors, refinancing of large project finance and short-term facilities mandates and multi-party negotiations, and distressed asset matters are areas where the team excels. Firm founder Okan Beygo co-leads the practice alongside Levent Yetkil, an expert in project finance, refinancing and debt structuring, and Fulya Sert Topçu, experienced in asset and acquisition finance, restructuring and syndicated debt finance.

Integrating financial, dispute resolution and insolvency expertise, Esin Attorney Partnership, Member Firm of Baker & McKenzie International, a Swiss Verein‘s restructuring and insolvency team offer clients a large team with deep experience in the practice. The team specialise in complex restructurings, distressed asset recovery and contentious workouts. Muhsin Keskin, an expert in banking and finance, capital markets and PE investments, is the practice co-head. Alongside Keskin is Yalın Akmenek, a disputes specialist experienced in restructuring and NPL projects. Supporting the team is Ozan Kesim, focused on commercial disputes and a key adviser to borrowers and lenders on financial restructurings.

Across the financial services, energy and critical infrastructure sectors, GKC Partners (in professional association with White & Case)‘s restructuring and insolvency team has a stand-out practice for large-scale restructuring for both debtors and creditors. Debt restructuring and refinancing for subsidiaries of major international banks remains a key area of focus for the practice. Güniz Gökçe, with extensive experience and a key adviser to investment and commercial banks, direct lenders, corporate borrowers and PE sponsors, leads the team alongside Ateş Turnaoğlu, an expert in debt finance and restructuring transactions.

Restructuring and refinancing are key areas of focus for Hergüner Bilgen Üçer Attorney Partnership, which has a large restructuring and insolvency practice. The team has expertise in infrastructure projects, particularly in the healthcare sector, and is well-known for its corporate restructuring work on M&A transactions. Restructuring litigation and disputes is another area the team works in. At the helm of the practice are Senem Denktaş, an expert in project finance and development; Piraye Kuranel Başol, experienced in PPP projects, debt restructuring and the energy and construction sectors; and Sule Uluç, who adds to the team’s disputes ability.

ÖzmenYalçin has an experienced team capable of advising international and domestic clients on financial and corporate restructuring and general non-contentious counselling on insolvency issues. The team regularly works with clients and shareholders on pre-IPO and post-IPO restructuring, project refinance and insolvency proceedings. The team is led by Ömer Gökhan Özmen, focused on corporate and financial restructurings and refinancing, and Damla Keskin Şerbetcioğlu, an expert across project and acquisition finance and refinancing and restructuring in the energy and retail sectors.

Sera Somay, a ‘go-to partner for cross-border’ mandates and an expert in debt restructurings, debt collection and insolvency proceedings, leads Paksoy‘s restructuring and insolvency practice alongside Ömer Çollak, a key adviser to regulators and issuers on developing the bond market in debt restructurings and refinancing. Creditors, debtors and shareholders choose the team for its expertise in corporate restructurings, debt to equity conversions, debt collection proceedings, non-performing loans, refinancing and insolvency litigation. International law firms, financial institutions and multinational companies are among the team’s key clients.

Balcioglu Selçuk Eymirlioglu Ardiyok Keki Attorney Partnership, in association with Dentons, has a restructuring and insolvency team capable of handling cross-border corporate and intergroup restructuring, distressed M&A and insolvency litigation. Other areas of specialism of the team include risk management, credit support, safe harbour transactions, debtor representation and debtor-in-possession financing. Galip Selçuk leads the team alongside Barlas Balcıoğlu. Günhan Yalçın, an expert in domestic and cross-border debt finance transactions, is a key contact.

CE Partners in association with Clifford Chance is most often involved in the infrastructure, energy and natural resources sectors in Turkey. The firm’s restructuring and insolvency practice advises corporate debtors, agents to syndicated lending groups, creditors, principal finance and PE sponsors and financial institutions. Benefitting from a leading team of restructuring and insolvency specialists across the region, the team is particularly experienced in loan refinancing and debt restructuring. Sait Eryılmaz leads the practice.

DURUKAN+PARTNERS‘ restructuring and insolvency team is experienced in advising on the restructuring of secured and unsecured financings, technical bankruptcies, capital loss mandates, insolvency proceedings and corporate restructuring. The team often work across elite international firms on cross-border, large-scale projects in the infrastructure, telecoms and energy sectors. Begum Durukan Ozaydin, with two decades in practice in banking and finance, projects and corporate and M&A, and Hikmet Fadillioglu, an expert in the retail and luxury businesses sectors, are the practice leads.

Complex financial distress debt situations, high-stakes restructurings and insolvency litigation, including concordat proceedings, are the key areas that Egemenoglu‘s restructuring and insolvency practice specialises in. Debtors and creditors, including private individuals and national and international financial institutions, comprise its clientele. At the helm of the practice is Yunus Egemenoğlu, a veteran practitioner in banking and finance, alongside Turan Doğan, a key adviser to financial institutions in both transactional and contentious mandates.

Ersoy Bilgehan Lawyers & Consultants‘ restructuring and insolvency team stands out to clients for ‘offering dependable support in complex financial matters’. Clients choose the team for its ability across cross-border debt restructurings, enforcement strategies and insolvency disputes. The team has a key foothold in the maritime sector, but also advises international financial institutions in refinancing arrangements, asset recoveries, distressed M&A and liquidation processes. Zihni Bilgehan, Emre Ersoy and Raci Alper are at the helm of the practice.

Pelister Keki Sarac & Co acts for banks, leasing companies, funds and corporates on the full-cycle of restructuring and insolvency mandates. It is experienced in pre-distress convenants, standstills and refinancings, concordat proceedings and enforcement and asset realisations. Kerim Pelister, standing out to clients for being an ‘expert in leadership and legal affairs’, leads the practice with a specialism in corporate restructurings, banking and finance and energy transactions.

Financial institutions and local and international banks choose the restructuring and insolvency team at Atayilmaz Enkür Çetinkaya Öner (AECO) Law Office for its ability across distressed M&A, financial restructuring, bankruptcies and corporate reorganisations. Gökhan Enkür, focused on regulated industries, M&A and private equity mandates; Yafes Öner, experienced in restructuring projects of non-performing loan portfolios of financial institutions; and Fazıl Çiftçi, a key figure in the practice’s bankruptcy and litigation offering, lead the practice. Serdar İyigün is also a key contact on the team.

Ertekin Attorney Partnership has a burgeoning restructuring and insolvency practice that focuses on high-value refinancing and restructuring mandates across the energy, manufacturing and industrial sectors. The team is led by Ali Barış Ertekin, a specialist in energy and infrastructure finance, banking, and financial restructuring, and Ali Temuçin Akalıne, focused on project finance, M&A, and corporate law, experienced in the energy, infrastructure, and industrial sectors.

Burak Baydar, a commercial disputes expert experienced in bankruptcy code and insolvency litigation, leads Moroglu Arseven‘s restructuring and insolvency team. Key sectors of clients for the team include heavy industry, e-commerce, retail, automotive and EV, manufacturing, IT, financial institutions, fintech, telecommunications, energy and life sciences. The team specialises in refinancing, distressed M&A, corporate reorganisation, tax-driven restructuring and bankruptcy litigation, including concordat processes.