GTO Series On Turkey's New Merger Control Regime – 3: Important Changes Introduced To Horizontal And Non-Horizontal Merger Guidelines

The amendment to Turkish Competition Law in 2020 brought the legislative framework of Turkey's merger control regime one step closer to the EU acquis by introducing the significant impediment of effective competition ("SIEC")  test for concentrations. As a further step in the reform of the merger approval process, on 4 March 2022 the Turkish Competition Authority introduced long-awaited amendments to Communiqué No. 2010/4 on the Mergers and Acquisitions Calling for the Authorisation of the Competition Board ("Communiqué No. 2010/4") as well as amendments to the Guidelines on the Assessment of Horizontal Mergers and Acquisitions ("Horizontal Guidelines") and the Guidelines on the Non-Horizontal Mergers and Acquisitions ("Non-Horizontal Guidelines"). For more information, please refer to our initial announcement about the amendments, which includes details on the new thresholds,¹ our article regarding the definition of "Technology Undertakings", and a review of the