Gun-jumping: What Is The Current Status In Turkey?

During the negotiation or due diligence process of a potential merger or acquisition; parties usually exchange competitively sensitive information. It is a must since the acquirer or merging parties need to ensure that this investment is going to be a profitable one and the business can be successfully run. Therefore, the parties may legitimately exchange a certain degree of competitively sensitive information before closing. That's why premerger processes are carefully managed by well-known law firms and specialized lawyers. On the other side of the coin, the "legitimate" business requirements may push the parties to engage in coordination before the closing more than it should be. Yet, the antitrust laws limit such behaviours. The sharing of competitively sensitive information between parties and premature combining are called "gun-jumping" by legal practitioners.