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New York -- January 28, 2009 -- Chadbourne & Parke LLP sponsored a panel discussion on the global economic crisis and Turkey.

"Despite the economic crisis, our clients are still interested in pursuing opportunities in Turkey," she said, among those being U.S. and Middle Eastern private equity funds currently negotiating acquisitions in Turkey.   

The economy has changed the nature of some of the work, but Ms. Yüksel said Chadbourne continues to be active in major deals for clients in Turkey and is proactively developing sophisticated legal strategies for the changing economy.

The other speakers on the panel noted that while the global financial crisis is serious for Turkey, the country’s economy is now more resilient than it has been in the past. "2009 will be a tough year for Turkey as it will be for many countries and the country’s economy might stop growing," said Ms. Sanchez. "But Turkey is in a better position now to tackle such a crisis."

Ms. Yüksel heads Chadbourne’s MENA/Turkey Corporate Practice Group.  She has extensive experience in a range of corporate transactions, including mergers and acquisitions, private equity investments, privatizations, joint ventures, strategic alliances, and financing transactions.  Ms. Yüksel regularly represents foreign strategic investors and private equity investors with an interest in the Turkish market, as well as Turkish clients in their cross-border transactions.  Most recently, she represented Koç Holding in the sale of its stake in the Migros supermarket chain for $1.66 billion, in what was the largest private equity acquisition to date in Turkey.  Ms. Yüksel also represents companies, private equity, sovereign wealth and other investment funds and financial institutions in cross-border transactions involving the Middle East and North Africa. She has significant experience representing non-U.S. issuers in Rule 144A/Regulation S securities offerings. 

Chadbourne & Parke LLP, an international law firm headquartered in New York City, provides a full range of legal services, including mergers and acquisitions, securities, project finance, private funds, corporate finance, energy, communications and technology, commercial and products liability litigation, securities litigation and regulatory enforcement, special investigations and litigation, intellectual property, antitrust, domestic and international tax, insurance and reinsurance, environmental, real estate, bankruptcy and financial restructuring, employment law and ERISA, trusts and estates and government contract matters. Major geographical areas of concentration include Central and Eastern Europe, Russia and the CIS, Turkey, the Middle East, and Latin America. The Firm has offices in New York, Washington, DC, Los Angeles, Houston, Mexico City, London (a multinational partnership), Moscow, St. Petersburg, Warsaw, Kyiv, Almaty, Dubai and Beijing. For additional information, visit www.chadbourne.com

Contact: Andrew Blum, Media Relations Manager, Chadbourne & Parke LLP
Tel: +1.212.728.4519, Email: ABlum@chadbourne.com

About The American Turkish Society

Founded in 1949, The American Turkish Society is America’s oldest not-for-profit organization seeking to enhance economic, political, and cultural ties between Turkey and the United States. The Society achieves its mission by bringing together leaders in government, including Prime Ministers, Ministers of State and Ambassadors, as well as business leaders, journalists, and scholars covering a spectrum of fields. It also initiates and sponsors a variety of education and arts & culture programs, providing fellowships, grants, and other opportunities for cultural exchange between the two countries. The American Turkish Society is a 501(c)3 charitable organization. For additional information, go to www.americanturkishsociety.org   

Contact: Selen Ucak, Executive Director, The American Turkish Society
Tel: +1.212.583.7614, Email: selen.ucak@americanturkishsociety.org