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ARTICLE · 02 MARCH 2017

Turkey Amends Requirements for Merger Control Review

Moroglu Arseven
Moroglu Arseven
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Moroglu Arseven

Moroglu Arseven

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Turkey has changed merger control requirements for mergers and acquisitions. Changes introduce new circumstances when parties can notify the Competition Board ("Board") after a transaction has been realized. Certain transactions within a three-year period will now also be viewed as a single transaction for purposes of turnover threshold calculations.

TurkeyAntitrust/Competition Law

Turkey has changed merger control requirements for mergers and acquisitions. Changes introduce new circumstances when parties can notify the Competition Board ("Board") after a transaction has been realized. Certain transactions within a three-year period will now also be viewed as a single transaction for purposes of turnover threshold calculations. Finally, the Board's obligation to re-set turnover thresholds every two years has also been repealed.

The Communiqué Amending the Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board ("Amendment Communique") was published in Official Gazette number 29989 on 24 February 2017, entering into force on the same date.

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