The Turkish Competition Authority gears up to raise the jurisdictional turnover thresholds and to introduce specific rules to catch killer acquisitions

Communiqué No. 2022/2 on the Amendment of Communiqué No. 2010/4 (“ Communiqué No. 2010/4 ”) on the Mergers and Acquisitions Subject to the Approval of the Competition Board (“ Amendment Communiqué ”) has been published on the Official Gazette on March 4, 2022 and will enter into force on May 4, 2022. Below are some remarks and comments in terms of the substantive amendments introduced by the Amendment Communiqué: (I) The Amendment Communiqué raised the Turkish merger control thresholds. A transaction is now notifiable in Turkey if one of the following alternative turnover thresholds is triggered: The aggregate Turkish turnover of the transaction parties exceeding TL 750 million (approximately EUR 71.9 million or USD 84.9 million) and the Turkish turnover of at least two of the transaction

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)

Quotation

Gönenç Gürkaynak, The Turkish Competition Authority gears up to raise the jurisdictional turnover thresholds and to introduce specific rules to catch killer acquisitions, 4 March 2022, e-Competitions March 2022, Art. N° 105473

Visites 782

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues