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ARTICLE · 11 OCTOBER 2010

New Merger Control Regime to be Effective in Turkey Starting with January 1st, 2011

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 Communiqué No. 2010/4 on Mergers and Acquisitions Subject to the Approval of the Competition Board (the "New Communiqué") is adopted on October 7th, 2010. It will replace the currently-applicable communiqué (Communiqué No. 1997/1) as of January 1, 2011.

TurkeyAntitrust/Competition Law
Gönenç Gürkaynak
Gönenç Gürkaynak
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The Communiqué No. 2010/4 on Mergers and Acquisitions Subject to the Approval of the Competition Board (the "New Communiqué") is adopted on October 7th, 2010. It will replace the currently-applicable communiqué (Communiqué No. 1997/1) as of January 1, 2011.

The New Communiqué will bring about significant changes to the Turkish merger control regime, including ICN-compliant (turnover based) escalated thresholds. The following is a brief overview of some key elements of the New Communiqué:

  • The New Communiqué will introduce the concept of "permanent change in control". Concentrations that do not bring about a permanent change in control will fall outside of the scope of the New Communiqué.

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