Coordination Effects: Global Relations Between The Parent Companies Under Review

Under the Turkish merger control regime, a specific section in the notification form aims to collect information to assess whether the joint venture will lead to coordination. Pursuant to Article 13(3) of Communiqué No. 2010/4 on Mergers and Acquisitions Requiring the Approval of the Competition Board (the "Communiqué No. 2010/4" ), "formation of a joint venture which has the object or effect of limiting competition among undertakings and which would permanently fulfill all of the functions of an independent economic entity shall also be assessed within the framework of Articles 4 and 5 of the Law No. 4054" . Against this background, the Turkish Competition Board (the "Board" ) would carry out an individual exemption review on notified joint ventures that have as their object or effect the restriction of competition among the parties or between the parties and the joint venture itself.