The following Competition guidance note Produced in partnership with ELIG Gürkaynak Attorneys-at-Law provides comprehensive and up to date legal information covering:
A conversation with Gönenç Gürkaynak, founding partner at Turkish law firm ELIG Gürkaynak Attorneys-at-Law, on key issues on merger control in Turkey.
NOTE–to see whether notification thresholds in Turkey and throughout the world are met, see Where to Notify.
In terms of the Turkish merger control regime, the Turkish Competition Authority has introduced the Communiqué No. 2017/2 Amending Communiqué No. 2010/4 on Mergers and Acquisitions Requiring the Approval of the Competition Board. The Communiqué No. 2017/2 were published on the Official Gazette, issued on 24 February 2017. One of the amendments introduced to Communiqué No. 2010/4 is that Article 1 of Communiqué No. 2017/2 abolished Article 7(2) of Communiqué No. 2010/4 propounding that ‘[t]he thresholds (…) are re-determined by the Board biannually’. Through this amendment, the Turkish Competition Board is no longer required to re-establish jurisdictional thresholds for concentrations every two years. To that end, there is no specific timeline for the review of the relevant turnover thresholds set forth by Article 7(1) of Communiqué No. 2010/4. In addition, article 2 of Communiqué No. 2017/2 modified Article 8(5) of Communiqué No. 2010/4. Together with this amendment, the Board would
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