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ARTICLE · 08 JULY 2013

The Yo-Yo Approach To Merger Control: Recent Change

Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership
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Hergüner Bilgen Üçer Attorney Partnership

Hergüner Bilgen Üçer Attorney Partnership

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The Turkish Competition Board amended Communiqué No: 2010/4 Concerning Mergers and Acquisitions Calling for the Authorization of the Competition Board as of February 1st 2013.

TurkeyAntitrust/Competition Law
Hergüner Bilgen Üçer
Hergüner Bilgen Üçer
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The Turkish Competition Board (the "TCB") amended Communiqué No: 2010/4 Concerning Mergers and Acquisitions Calling for the Authorization of the Competition Board (Turkish Merger Communiqué) as of February 1st 2013. Since the Turkish Merger Communiqué is the main piece of legislation governing the review process of the merger and acquisition transactions that are subject to the authorization of the Turkish Competition Board (the "TCB"), the amendments are prone to cause some noteworthy changes in the Turkish merger review process, especially for multinationals who have operations in Turkey.

The recent amendment brought two substantial changes into the merger control system of the TCB. First, the turnover thresholds for notification requirements have been changed. The new thresholds that set the boundaries of notification requirements read as follows:

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