Legal services in company acquisitions are essential for ensuring that every step of the process aligns with Turkish laws and regulations. To facilitate compliance, legal advisors conduct comprehensive due diligence, reviewing the target company’s legal, financial, and operational standing. This helps identify any potential legal issues or regulatory obligations that might impact the acquisition.

Corporate structuring is another critical component, where legal experts design an appropriate ownership and governance structure tailored to the client’s strategic goals. This may involve selecting the right type of legal entity, drafting shareholder agreements, and ensuring tax efficiency to optimize financial outcomes.

Post-acquisition integration is equally important, as it ensures the acquired company is smoothly absorbed into the acquiring business. Legal professionals oversee the merging of assets, employee contracts, intellectual property, and regulatory permits, resolving any issues that arise during the transition. This comprehensive legal support not only minimizes risks but also facilitates a seamless alignment of operations and corporate culture, setting the stage for a successful and compliant acquisition in Turkey.

Bicak’s Responsibilities in the Transaction

Due Diligence

Bicak will conduct a thorough due diligence process to assess all legal aspects of the target company. This will include a comprehensive review and analysis of key documents, such as the existing Shareholder Agreement, the company’s Articles of Association, relevant permits and licenses, intellectual property rights, and ongoing research and development (R&D) projects along with associated agreements. Additionally, we will examine all material contracts and obligations to ensure they are sound and aligned with the acquisition goals. Bicak will also verify the company’s compliance with Turkish sector regulations and assess any potential legal risks or liabilities that may impact the acquisition.

Corporate Structuring

Our firm will advise on the optimal corporate structure for establishing the new Turkish venture, taking into consideration the unique goals and requirements of the acquisition. This includes preparing and filing all necessary documents to legally establish the new entity. Bicak will also ensure that the corporate structure complies with Turkish foreign investment regulations, protecting the client’s interests and ensuring smooth operational integration.

Transaction Documents

We will handle the drafting and negotiation of all transaction-related documents, including the Share Purchase Agreement. Our team will also prepare a new Shareholders Agreement, covering important provisions that safeguard the client’s interests, address governance, and outline rights and responsibilities within the new structure.

Regulatory Compliance

Bicak will obtain all necessary approvals from Turkish regulatory authorities, which may include the Ministry of Industry and Technology, the Turkish Medicines and Medical Devices Agency, and the Competition Authority, if required. We will also ensure that the transaction complies with the Turkish Direct Foreign Investment Law and any other relevant regulations, minimizing potential regulatory hurdles.

Post-Acquisition Integration and Governance

To facilitate a smooth integration process, we will establish a comprehensive corporate governance framework. This includes defining the board structure, setting up committees, and developing clear reporting lines and decision-making processes. We will implement policies to prevent conflicts of interest, draft a detailed Delegation of Authority bylaw, and provide guidance on integrating brokers into management roles. Our team will assist with any required transfers or updates of business licenses and provide ongoing legal compliance guidance to ensure sustained operational success.

Management Transition Planning

In managing the transition, Bicak will advise on the legal considerations for retaining the current management team to ensure stability. We will develop a framework for integrating brokers into management roles over time, draft necessary employment or consultancy agreements, and support a seamless transfer of knowledge and responsibilities to facilitate a successful leadership transition in the newly acquired company.

Bıçak Law Firm is dedicated to providing comprehensive legal support that goes beyond simple compliance. We offer clients a holistic approach to their acquisitions, backed by a deep understanding of Turkish commercial laws, sector-specific regulations, and cross-border M&A strategies. Our goal is to be a trusted partner, delivering exceptional service and ensuring our clients achieve successful, legally secure acquisitions that position them for long-term growth in Turkey.

Whether you are looking to expand into the Turkish market, integrate a Turkish company into your existing operations, or seek an efficient corporate restructuring solution, Bıçak Law Firm’s experienced team is ready to guide you every step of the way. With our comprehensive legal support, Bicak will help navigate each step of the acquisition process to ensure a compliant, well-structured, and smoothly integrated new venture in Turkey.