The Turkish Competition Authority releases new guidelines for mergers and acquisitions

The Guidelines for Undertakings Concerned, Turnover and Ancillary Restraints in Mergers and Acquisitions (the “Guidelines”) which was published in the official website of the Competition Authority on June 27, 2011, was prepared with a view to facilitate the enforcement of the Communiqué No. 2010/4 Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board (the “Communiqué No. 2010/4”). Legal Grounds in the Preparation of the Guidelines Article 7 entitled “Mergers and Acquisitions” of the Act No. 4054 on the Protection of Competition (the “Competition Act”) prohibits operations of merger or acquisition which would create a dominant position or strengthen a dominant position and result in significant lessening of competition in a market for certain goods or

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Ercüment Erdem, The Turkish Competition Authority releases new guidelines for mergers and acquisitions, 27 June 2011, e-Competitions June 2011, Art. N° 40188

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