Paksoy Attorneys at Law
Paksoy’s litigation and arbitration practice is home to a strong team of lawyers representing complex disputes in construction, commercial, civil liability, securities, damages, insolvency and shareholder conflicts.
The firm represents multinational and domestic companies in both civil and administrative courts in disputes arising from state tenders, procurement matters, construction, products liability, competition, commercial and employment matters.
Senior partner Serdar Paksoy noted: “We distinguish ourselves from rivals significantly because of our multi-disciplinary capabilities, industry/sector specialists, and our support teams from other practice areas in the firm.”
“Meanwhile,” Mr Paksoy added, “the firm’s clients come from all over the world. Paksoy acts for leading investment banks, financial institutions, industrialists and private equity investors from across the globe, Europe, the Middle East, the Far East and the United States. Their sectors range from manufacturing, banking, IT, financial services, retail, energy, life sciences, real estate and infrastructure.”
Looking at the industry in general, the Turkish Civil Procedural Law has recently been amended, in October 2011 (the New Code).
In Turkey, commercial court cases – which, for many, constitute the most important part of the Turkish litigation practice – are handled in accordance with the Civil Procedural Law. Enacted in 1927, this Law has been amended numerous times since then. The most common criticisms brought against the Law have been its complexity, combined with its loopholes, which made it vulnerable to abuse by defendants acting in bad faith – delaying court proceedings.
Mr Paksoy stated that the New Code has brought forth a number of useful procedural mechanisms, which would obviously have an accelerating effect in respect of court proceedings – thus reaching an expeditious outcome from the courts.