The Turkish Competition Board introduces substantial amendments to the mergers and acquisitions rules

Communique 2017/2 on the Amendment of Communique 2010/4 on Mergers and Acquisitions Subject to the Approval of the Competition Board was published in the Official Gazette on February 24 2017 and entered into force the same day. This update outlines the substantive amendments introduced by Communique 2017/2. Amendments Article 8(5) of Communique 2010/4 stated that "two or more transactions carried out between the same persons or parties within a period of two years shall be considered as a single transaction for the calculation of turnovers listed in Article 7 of this Communique". Article 2 of Communique 2017/2 has amended Article 8(5) of Communique

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  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)

Quotation

Gönenç Gürkaynak, The Turkish Competition Board introduces substantial amendments to the mergers and acquisitions rules, 24 February 2017, e-Competitions Bulletin February 2017, Art. N° 83640

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