New development
On 4 March 2022, the Turkish Competition Authority's
("Authority") Communiqué No.
2022/2 on Amending Communiqué No. 2010/4 Concerning the
Mergers and Acquisitions Requiring the Approval of the Turkish
Competition Board ("Communiqué No.
2010/4"), ("Amending
Communiqué") was published in the Official
Gazette. With the amendments, most importantly, the Authority
increased the turnover thresholds for mandatory filings. The
Amending Communiqué will enter into force on 4 May 2022.
New turnover thresholds
As background, Communiqué No. 2010/4 deems a transaction
subject to mandatory merger control filing on condition that it
fulfills two cumulative conditions: (i) the
transaction leads to a change of control on a lasting basis; and
(ii) transaction parties' turnovers exceed the
turnover thresholds set out under Article 7 of Communique No.
2010/4. These existing thresholds have been in force since February
2013. Since then, the Turkish Competition
