The Cathay Associates network member in Istanbul, Turkey:
Kolcuoğlu Demirkan Koçaklı

Established: 2006

Staff: 60

“The superior man is modest in his speech, but exceeds in his actions.”

— Confucius

Cathay Associates Istanbul provides a result-oriented approach in order to deliver tailor-made solutions for Turkish and international companies, individuals, and institutions in a wide-range of sectors. The Turkish location is a full-service, 360-degree office with a comprehensive coverage of domestic and international legal and business issues.


Turkish Law Firm of the Year 2015 – The Lawyer Magazine

Turkish Law Firm of the Year 2014 – International Law Office Magazine

Client Choice Winner 2014 & 2015 (Corporate and M&A Lawyer of the Year, Turkey) – Umut Kolcuoğlu

Client Choice Winner 2013 & 2014 & 2017 (Energy & Infrastructure Lawyer of the Year, Turkey) – Okan Demirkan


  • Restructuring

Legal advice to a global manufacturer and marketer of differentiated chemicals (NYSE-listed) relating to the restructuring of its textiles and advanced materials divisions; assistance in transfer of its assets and employees.

Legal advice in the Turkish part of the financial restructuring under the German Financial Market Stabilisation Fund Act of a portfolio of loans, securities, derivative instruments and other assets and liabilities, with a nominal amount of EUR173 billion, the largest transaction of its kind.

  • Capital Markets

Legal advice to a leading private equity fund in connection with the sale of a minority stake in a leading Turkish furniture company through an accelerated book building (ABB) method in BORSA Istanbul’s wholesale market.

Legal advice to a leading private equity fund in connection with an offering to 91 international and local qualified institutional investors on the Wholesale Market of Borsa İstanbul, which is the first successful internationally marketed deal in Turkey since November 2014.

  • Media, Technology & Telecoms

Legal advice to the world’s third largest international news agency in connection with all types of corporate related matters and employment law matters, including press labor law advice .

Legal advice to all Turkish subsidiaries of a leading Italian automotive parts manufacturer in employment law related matters, as well as negotiations with labor unions.

  • Tax

Representation of an international bank in three multi-million bankruptcy lawsuits filed against the client’s debtors to collect the bank’s receivables arising from guarantee agreements in relation to a facility agreement.

Representation of a leading German company investing in technology companies with proven business models, in a litigation proceeding relating to an M&A transaction involving Turkey’s leading online food ordering and delivery service.

  • Litigation

Legal advice to a Scandinavian private equity fund, in connection with several disputes with its former partners in Turkey.

Representation of all Turkish subsidiaries of one of Europe’s leading manufacturers of automotive parts, in all of their disputes in Turkey, including commercial claims, intellectual property disputes and employment disputes.

  • M&A

Legal advice to one of the world’s largest energy companies, in its acquisition of OMV Petrol Ofisi, Turkey’s leading fuel products distributor; this transaction is one of the major transactions on the Turkish market within the last decade.

Legal advice to a leading Chinese port operator, regarding its acquisition of a joint stake (involving other consortium members) in the major Turkish companies, which hold port operation licenses.

  • Corporate and Commercial

Legal advice to one of the world’s largest energy companies, in its acquisition of OMV Petrol Ofisi, Turkey’s leading fuel products distributor; this transaction is one of the major transactions on the Turkish market within the last decade.

Legal advice to a leading Chinese port operator, regarding its acquisition of a joint stake (involving other consortium members) in the major Turkish companies, which hold port operation licenses.

  • Healthcare & Life Sciences

General corporate and pharmaceuticals law advice to a Turkish manufacturing company.

Legal advice to a leading seller of medical devices, in connection with various agreements signed with distributors in Turkey

  • Infrastructure and Transportation

Legal advice to a leading global railway vehicle manufacturer, in relation to a tender for the General Directorate of Turkish State Railways (“TCDD”) purchase of 80 high-speed trains.

General and corporate law advice to a diversified global logistics and transportation services group, one of the leading conglomerates of Azerbaijan.

  • Energy & Resources

Extensive legal advice and assistance to the TANAP Consortium (led by SOCAR), in connection with all aspects of the multibillion dollar TANAP Project, including the drafting of the host government agreement, along with the intergovernmental agreement, as well as these agreements’ negotiations with the Turkish Ministry of Energy, Ministry of Finance and Ministry of Foreign Affairs.

Legal advice to the Shah Deniz Stage II Consortium, consisting of BP, SOCAR, Statoil and Total in the setting up of the Shah Deniz II Natural Gas Project’s legal structure in Turkey, including the intergovernmental agreement between Turkey and Azerbaijan, Turkey’s natural gas market legislation and public international law matters.

  • Funds & Investment Management

Legal advice to a leading Turkish private equity fund, in connection with (i) the acquisition of a majority stake in a leading Turkish pump manufacturer and water technology company; (ii) the acquisition of 50% of the shares in a Turkish furniture manufacturer, and 67% of the shares in one of Turkey’s oldest furniture manufacturers, as well as advice on handling the mandatory public offering of such shares; (iii) the acquisition of the minority stakes in a Turkish ice cream manufacturer; and (iv) the contemplated acquisitions of three different companies engaged in packaging, food & beverage and manufacturing sectors

Legal advice to a prominent Turkish private equity fund, in connection with the acquisition of (i) a 50% stake in a publicly traded business software company and the acquisition by such software company of Romanian and Turkish software companies; (iii) a minority stake a leading

Turkish supplier of household appliances; (v) a Turkish insurance broker; (vi) a leading flour manufacturer; (vii) a majority stake in a fast-food chain; (viii) a cash register manufacturing company (by way of management buy-out mechanism); and (ix) a majority stake in a prominent lift and elevator control unit manufacturer.

  • Real Estate & Construction

Legal advice and assistance to a major Turkish construction company, in connection with FIDIC based contracts for two governmental construction projects in an African country.

Legal advice and assistance to a distinguished real estate development company, including the drafting of lease agreements for the shopping mall and negotiation with relevant tenants, as well as legal advice and assistance in relation to sale and promise to sell agreements.

  • Banking & Finance

Legal advice to two international financial institutions regarding the provision of multi-million financing to an African subsidiary of a Turkish cement production giant, in connection with a project in Africa.

Legal advice to a global alternative investment firm, in connection with financing aspects of its acquisition of a Turkish manufacturer of elevator components, and the issuance of senior notes worth EUR 225 million as well as a guarantee regarding a EUR 180-million term loan facility.

  • Film & Entertainment

Corporate law advice to a leading producer of live family entertainment, active in more than 70 countries on six continents.

Legal advice to the world’s most prominent entertainment company on employment law matters.

  • Venture Capital and Startups & Emerging Companies

Legal advice to an emerging company, which is listed as the most successful startup in Turkey in terms of raising the most capital finance since its establishment in 2012 under CB Insight’s research in 2016 and is also the leading online payment provider in Turkey, in connection with its corporate matters and the sale of its shares by way of capital subscription.


Umut Kolcuoğlu 

Managing Partner

Serhan Koçaklı


Okan Demirkan


Begüm İnceçam



Cathay Associates Turkey prides itself on being a top-notch law office in the domestic market. Additionally, our full-scale coverage of not only Turkish legal and business issues but international matters as well means our office is fully capable of assisting Turkish, international, and multinational companies and institutions in an array of sectors.

Our Istanbul location is dedicated to serving our clients in connection with the full range of Turkish law matters including mergers & acquisitions, general corporate law, dispute resolution, real estate, energy & infrastructure, banking & finance, employment law, capital markets, insurance law and compliance.



Our dispute resolution team represents and advises both foreign and local clients in both ad hoc and institutional arbitration, as well as post-arbitration proceedings including enforcement and set-aside lawsuits. To date, we have been successful in all of our arbitration and post-arbitration proceedings. Our team members have a wealth of experience in several arbitration proceedings, such as disputes arising from major infrastructure projects including build-operate-transfer (BOT) model investments, share purchase agreements, shareholders agreements, asset transfer agreements and licensing contracts.

Competition Law

We advise clients on competition related matters in a broad range of industries and on a day-to-day basis concerning business transactions that contain competition law issues such as distributorship, licensing, etc. We have extensive experience in merger control issues. We have been counseling clients involved in mergers, acquisitions and joint ventures about Turkish notification requirements and have been involved in obtaining approvals from the Turkish Competition Board in dozens of notifications. We also review Share Purchase Agreements and Shareholders Agreements, and engage in other aspects of transaction planning, in order to minimize delays and/or structural changes caused by the review of the Competition Board.

Privatization and Government Procurement

We have recently advised a German client (as bidder) in the privatization of Turkey’s largest state-owned insurance company. We have also provided legal assistance to a leading holding company which operates in the fields of oil and energy–in relation to tenders for privatization, by way of transfer of operational rights of two main groups of hydroelectric power plants.

Insurance Law

Our team has handled and advised on a significant number of transactions requiring extensive know how in Turkish insurance industry. We are one of a small number of law firms that have hands-on, practical experience in the strategic and regulatory matters involving the insurance business. Such experience and in-depth knowledge allows for us to plan and structure further legal strategies and options for clients operating in the insurance sector. Our team has advised in numerous matters concerning the insurance sector and assisted clients with respect to their day-to-day operations in Turkey. Our involvement in these operations included also regulatory support in all licensing matters, as well as discussions with local authorities.


Anti-corruption, anti-bribery and companies’ integrity with global business ethics standards are among the core practice areas of Cathay Associates Istanbul. We advise local and multinational companies, foundations and institutions in all aspects of this practice area and offer our clients a deep understanding, both globally and locally, of legal, procedural, governance and reputational aspects of regulatory and compliance issues, investigations and litigation.

Our legal services include preparation of internal regulations and company policies to combat corruption, bribery and violation of business ethics; advising the clients on legal compliance of providing gifts and entertainment to public officials and possible legal consequences; assisting the clients in designating a proper legal strategy when they encounter white-collar crimes and representating the clients before the competent courts and public prosecutors; due diligence in inter-company transactions, including mergers and acquisitions; and training the clients’ management teams on how to integrate with global business ethics standards and how to efficiently implement company policies. We have conducted some of the world’s highest profile domestic and multi-jurisdictional investigations, including high profile criminal investigations. Cathay Associates Istanbul,as a leading supporter of establishment of ethical standards in the private sector, has been striving to raise awareness among its clients and society at large and is a corporate member of Turkey’s leading civil society institution in the area of anti-corruption and ethics.



Sağlam Fikir Sokak Kelebek Çıkmazı No:5 Esentepe, İstanbul Turkey

+90 212 355 99 00

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