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Turkish merger control activities in August continued the momentum gained in previous months. Merger control activity was higher compared to August 2019.

In June 2021, the Turkish Competition Board (the "Board") approved 23 merger control filings.

On 28 August 2023, the Turkish Competition Authority (the "TCA") decided that EssilorLuxottica S.A. ("EssilorLuxottica") violated competition laws by bundling ophthalmic lens and ophthalmic machinery...

The Board's establishment is a response to the price increases due to COVID-19 pandemic.

As per the Law No. 4054 on the Protection of Competition, the Turkish Competition Authority has the right to realize on-the-spot inspections (i.e. raids) in exercising its duties including, among others, ...

Turkish Commercial Code No. 6102 sets forth that in accordance with the articles of association or by changing the articles of association, general assembly of shareholders of a joint stock company may decide to issue dividend right certificates ...

Asia Pulp & Paper completed its acquisition of Sanipak from Eczacıbaşı Holding through its Turkish subsidiary following regulatory approvals. The transaction involved a comprehensive portfolio of established brands including Selpak, Solo, and Uni Baby. Paksoy provided legal advisory services across mergers and acquisitions, competition law, and banking and finance matters.

Many competition law specialists in Turkey were expecting some crucial aspects of the Turkish Competition Law to be revised for more than a year, but few of these lawyers thought that this would be inevitable due to recent decisions of the High State Council (the highest administrative court in Turkey) canceling certain decisions of the Turkish Competition Board on very fundamental procedural grounds.

Prohibition of competition on company executives which may arise from contractual obligations or legislative stipulations are designed to protect and benefit all the shareholders and ...

The Competition Authority ("Authority") published the "Regulation on Cooperation for the Purpose of Uncovering Cartels" in the Official Gazette dated December 16, 2023 and numbered 32401.

The Turkish Competition Authority ("TCA") investigated whether OİB and ZES violated Article 4 and/or Article 6 of Act No. 4054 due to the vertical relationship between Otoyol İşletme...

As noted in our previous recap, the UK's Competition and Markets Authority (CMA) decided to block Microsoft's USD 68.7 billion acquisition of US video game holding company Activision Blizzard...

The most important competition law development in May was the Draft Proposal to Amend the Competition Law (the "Draft Bill"), which is covered below. With regards to merger control activity, May was the month...

Article 54/2 of the Turkish Commercial Code ("TCC") states that any deceptive or other dishonest behaviour and commercial practices affecting the relations between competitor...

In the Turkish Constitutional Court's ("Constitutional Court") decision published in the Turkish Official Gazette dated 20 June 2023 and numbered 32227...

Working with foreign clients, Turkish lawyers sometimes face the challenging question of whether attorney-client privilege exists in Turkish law.

As a general principle, an enterprise has the right under Turkish law to freely determine the prices of its products and services. In other words, there is no rule under the Turkish competition law regime that would require enterprises to ...

Recently, the Turkish Competition Authority ("TCA"), alongside its international counterparts in the United States and the European Union, ...