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IMPACT – HIGH
Turkey has fallen into turmoil, as a Turkish military faction is attempting a coup against President Recep Tayyip Erdoğan. The military declared martial law, closed roadways and bridges in Ankara and Istanbul and placed buildings under blockade, according to numerous media outlets. Shots and helicopter fire were reported in Ankara. Erdoğan appeared to be clinging to power early Saturday morning, with thousands of his supporters defying the military-imposed curfew.
Key points:
Background: Information out of Turkey changed rapidly and was at times contradictory, with the outcome of the attempted coup still unclear. Military personnel closed key bridges in Istanbul around 10 p.m., according to numerous media reports. Gunfire and low-flying jets were subsequently reported and it became clear that an attempted coup was underway. At one point, Erdoğan used an iPhone from an undisclosed location to broadcast a message urging the Turkish populace to resist the attempted coup. It appeared the struggle for power was ongoing early Saturday.
BAL Analysis: BAL will continue monitoring events in Turkey and provide updates to clients as needed. In the meantime, companies should account for all employees in Turkey. Foreign nationals in Turkey are advised to remain indoors until further notice and monitor the websites of their home country’s embassy for additional information if possible.
This alert has been provided by the BAL Global Practice group. For additional information, please contact BerryApplemanLeiden@bal.com.
Copyright © 2016 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
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