Yaprak Gonlusen

The Turkish Competition Board (the "TCB") recently concluded an investigation against 12 major banks operating in Turkey and imposed a total fine of TL 1.1 billion (approximately EUR 475 million). This is the highest fine ever imposed by the TCB. The investigation was initiated following (...)

The Communiqué No. 2010/4 on Mergers and Acquisitions Subject to the Approval of the Turkish Competition Board (the "Communiqué"), which introduced a new merger control regime, has been in force for two years now. During this time, the new regime has been tested and the shortcomings have been (...)

On 27 August 2012, the Turkish Competition Board (the “TCB”) made public the reasoning for its unconditional clearance decision on the acquisition of Metlac Holding S.r.l. (“Metlac Holding”) and its subsidiaries by Akzo Nobel Coatings Int. B.V. (“ANCI”), a transaction which has already been cleared (...)

The Turkish Competition Board (the "Board") recently (on 9 April 2012) made public its reasoned clearance decision on the merger of the two major cinema chains in Turkey namely Mars Sinema Turizm ve Sportif Tesisler Isletmeciligi A.S. ("Mars Sinema") and AFM Uluslararasi Film Produksiyon (...)

The Turkish Competition Board (the “Board”) recently (on 21 June 2012) made public its reasoned decision (the “Decision”) on the match-fixing activities of some of Turkey’s football clubs, a scandal that has gripped the Turkish public since last year. In contradiction of the claims of the third (...)

Introduction More than a year ago, the Turkish Competition Authority (the "Authority") introduced a new set of merger control rules which came into force on 1 January 2011 under Communique No. 2010/4 on Mergers and Acquisitions Subject to the Approval of the Turkish Competition Board (...)