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ARTICLE · 20 SEPTEMBER 2011

Competition: Hectic Times

ELIG Gürkaynak Attorneys-at-Law
ELIG Gürkaynak Attorneys-at-Law
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ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law is an eminent, independent Turkish law firm based in Istanbul. The...

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The first half of 2011 has been very busy in Turkish competition law circles.

TurkeyAntitrust/Competition Law
Gönenç Gürkaynak
Gönenç Gürkaynak
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The first half of 2011 has been very busy in Turkish competition law circles. First, the New Communiqué No 2010/4 on Mergers and Acquisitions Subject to the Approval of the Turkish Competition Board entered into force on January 1 2011 and changed the Turkish merger-control regime from top to bottom.

The Competition Board has also become increasingly active in enforcing competition law by launching and concluding investigations and preparing reports in various sectors. In the first half of 2011, the Board rendered its most anticipated decisions on three of the largest investigations conducted to date, which included some of the highest fines that have ever been imposed.

The new regime

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