Turkish Lawyer - TURKISH LAWYERS

ALCAN Law Firm was founded in 1973, during the course of its 36 years history, law firm has become one of the leading law firms and a point of reference in the legal field in Turkey, with a well established international reputation for excellence in its many fields of expertise. Alcan provides comprehensive legal services to companies, institutions and governmental authorities, whether Turkish or from overseas.

Turkish Lawyer, Turkish Lawyers, Turkish Speaking Lawyer, Turkish Property Lawyers The law firm's diverse practice areas encompass all major areas of the law including:

Turkish Energy Market, Privatization in Turkey, Mergers and Acquisitions, Real Estate Law and Construction, Banking Law, Corporate Law, Business Law, Aviation Law, Maritime Law, Commercial Law, Intellectual Property (Patent, Trademark, Design, Know - How), Investment in Turkey, Insolvency and Bankruptcy Law, International Trade Law, Securities Law, Tax Law, Capital Markets Law, Communications & Media Law, Competition Law, Consumer Law, Environmental Law, Financial Leasing Law, Foreign Exchange, Information Technology, Labor Law, Telecommunications, Family Law, Franchise Law, Insurance Law, Education, Health, Administrative Law, Criminal Law.

ALCAN has built a strong reputation for providing progressive advice by anticipating and preparing for changing economic and business conditions. As our clients have become more active domestically and globally, Alcan has expanded to meet their needs. Since establishing the firm in Istanbul in 1973, Alcan has become an integral part of Turkish business community.

Google		Tax advantage for foreign investments Certain amendments have been made in Turkey’s Income Tax Law against the adverse effects of global financial crisis. In this draft law, which makes amendments in the Corporate Tax Law as well, some arrangements for enabling foreign funds to transfer their portfolios to Turkey have been made. Accordingly, should foreign funds lacking full fledged taxpayers among their founders (full fledged taxpayers are those who are based in Turkey) transfer their portfolios to Turkey, they will be granted tax advantages. These funds will pay taxes for their income obtained through portfolio managing companies operating in Turkey. In other words, the same funds will not pay tax for income it obtains abroad.
Turkey to invest more in geothermal energy Hilmi Guler, the Turkish Minister of Energy and Natural Sources, stated that Turkey will invest more in geothermal energy as part of a planned USD 120 billion investment program by 2020. "Around USD 120 billion will be invested by 2020 in the Turkish energy sector and geothermal energy will have a substantial share of that", Hilmi Guler told news reporters before the opening of an international geothermal energy workshop in Istanbul. Guler said the government introduced new legislation on renewable energy resources, calling on private investors to take advantage of the country's geothermal potential, which he said is the greatest of Europe.		Wind energy production tripled Wind energy production increased by 195 percent in Turkey last year. Turkey, having produced 147 megawatts (MW) of wind energy by the end of 2007, reached 433 MWs of capacity with 286 MWs realized last year. According to the European Wind Energy Union (EWEA) data, Turkey having ranked 16th in Europe in 2007 year-end results, advanced to 14th position at the end of last year getting ahead of Belgium and Norway.
Turkish banks’ value soars amidst financial crisis Turkey’s Isbank was the bank that leapt most in the ranking for 2008. As global giants such as Lehman Brothers and Bear Stearns bankrupted and rivals such as Citigroup and Merrill Lynch eroded in market value, Isbank ranked 84th most valuable financial institution of 2008. The Turkish bank stood as 190th in the 2007 list. The market value of Isbank rose to USD 1.2 billion, from USD 557 million in 2007, the survey showed. Turkey’s Yapi Kredi ranked 121st in the 2008 list, while Garanti Bankasi stood as 134th and Akbank as 137th. Halkbank and Turk Ekonomi Bankasi, meanwhile, were able to make it to the list for the first time, as 224th and 323rd, respectively. Vakifbank, Finansbank and Denizbank also made it to the list. Seven of the nine Turkish banks on the list were awarded "A" in brand value in 2008.		Istanbul among the top in European realty market PriceWaterhouseCoopers (PwC) released its findings of Emerging Trends in Real Estate Europe 2009. PwC indicated that Istanbul ranks the third most attractive market for both commercial and real estate investments. According PwC's poll, investors mostly recommend buying in the fields of lodging, retailing, office, residence and industrial facilities. Istanbul, in this aspect, leaves behind many competing European cities. Privatization full steam ahead in Turkey Metin Kilci, President of the Turkish Privatization Administration, said two contracts of regional electricity distribution, highways and bridges as well as National Lottery and sugar plants are within the privatization program. Kilci added, “In this respect, Turkey ranks the first among the emerging economies likely to attract investment”.

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