The New Turkish Merger Regime at a Glance

In November 2007, the Turkish Competition Authority (the "TCA") declared on its agenda a new communiqué on merger control. Nearly three years later, the TCA has completed its work on a new Communiqué on the Mergers and Acquisitions Subject to the Approval of the Competition Board ("Communiqué No. 2010/4 or "the new Communiqué"). Communiqué No. 2010/4 was introduced on October 7, 2010, and will become effective as of January 01, 2011. There are many points where the new Communiqué differs from the current Communiqué on Mergers and Acquisitions No. 1/1997 as amended (the "Communiqué No. 1997/1" or "the old Communiqué") differ. This article aims to provide an overview of the highlights of this long-awaited Communiqué.