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29 Oct 2020 B

Turkish Antitrust: An overview of competition law

Gönenç Gürkaynak, Eda Duru, Onur Özgümüş • Turkish Antitrust

This Special Issue presents a collection of significant merger precedents issued by the Turkish Competition Board (“Board”), the decisional body of the Turkish Competition Authority (“Authority”), in recent years. The primary goal of this compilation is to offer useful insights on the Board`s (...)

8 Oct 2020 B

The Turkish Competition Authority publishes guidelines on the examination of digital data during on-site inspections

Gönenç Gürkaynak, Onur Özgümüş, Fırat Eğrilmez, Melih Yağcı • November 2020 - II

(1) Introduction The Turkish Competition Authority (“ TCA ”) recently published its Guidelines on Examination of Digital Data during On-site Inspections (“ Guidelines ”), which set forth the general principles with respect to the examination, processing and storage of data and documents held in the (...)

8 Oct 2020 B

The Turkish Competition Authority publishes guidelines on the examination of digital data during on-site inspections

Can Yıldız • November 2020 - II

Introduction Article 15 of Law on the Protection of Competition numbered 4054 (“Law”) authorizes the Competition Authority (“Authority”) to conduct on-site inspections at the undertakings’ premises if deemed necessary in carrying out the duties assigned to it by the Law. Pursuant to the relevant (...)

8 Oct 2020 B

The Turkish Competition Authority publishes guidelines for the examination of digital data during on-site inspections

Gönenç Gürkaynak, Onur Özgümüş, Fırat Eğrilmez • Preview

(1) Introduction The Guidelines on Examination of Digital Data during On-site Inspections (“Guidelines”), which was recently published by the Turkish Competition Authority (“Authority”), specifically refer to the procedure to be followed when the case handlers encounter situations calling for the (...)

6 Oct 2020 B

The Ankara Administrative Court upholds the fines imposed by the Competition Authority on two electricity sales companies for abuse of dominance and annuls it for a third company (RESCs / AYEDAŞ)

Gönenç Gürkaynak, Barış Yüksel, Baran Can Yıldırım • November 2020 - II

(1) Introduction In 2018, in its Enerjisa decision, the Turkish Competition Board (“ Board ”) had imposed administrative fines amounting to a total of TRY 143 million on three retail electricity sales companies (namely AYESAŞ, BAŞKENT and TOROSLAR) (together, the “ RESCs ”) and one electricity (...)

11 Aug 2020 B

The Turkish Competition Authority launches a sector inquiry into the e-marketplace platforms

Turkish Competition Authority • August 2020

Competition Board launched a Sector Inquiry concerning E-Marketplace Platforms (11.8.2020)* According to the Competition Board decision dated 11.06.2020 and numbered 20-28/353-M, a sector inquiry concerning e-marketplace platforms has been launched. E-marketplace platforms are among important (...)

2 Jul 2020 B

The Turkish Competition Authority fines financial institutions for not responding to information requests (Citibank / Goldman Sachs / ING Bank / JPMorgan / Türkiye Garanti Bankası)

Ertuğrul Can Canbolat, Caner Cesit, Celal Duruhan Aydinli • Preview

No Excuses to Not Responding to Information Requests: Financial Institutions Case in Turkey* The issuance of requests for information (“RFIs”) within the scope of an investigation or a merger control case can be deemed one of the main tools that enables, on the one hand, a competition authority (...)

24 Jun 2020 B

The Turkish Competition Authority introduces an up to date settlement mechanism

Gönenç Gürkaynak, Onur Özgümüş • June 2020

(1) Introduction Law No. 4054 on the Protection of Competition (“Competition Law”) has recently gone through the most comprehensive set of amendments since its initial adoption back in 1994. Law No. 7246 on Amendments to the Law on Protection of Competition (“Amendment Law”), which entered into (...)

17 Jun 2020 B

The Turkish Constitutional Court rules that the principle of legality of crimes and punishments violated with respect to determination of administrative fine by the Competition Authority (Onmed)

Ertuğrul Can Canbolat, Burak Bugrahan Sezer, Caner Cesit • June 2020

Introduction On 30 September 2020, the Constitutional Court’s long-awaited decision as regards the controversies arisen from the application of the most favorable law in competition law cases was announced in the Turkish Official Gazette. This decision appears to be a crucial one as it is the (...)

16 Jun 2020 B

The Turkish Parliament approves amendments to the national competition law which introduces mechanisms as to the selection of cases for the Authority to focus on, a substantive test for merger control, behavioral and structural remedies for anti-competitive conduct and procedural tools

Gönenç Gürkaynak • June 2020

After rounds of revisions and failed attempts of enactment over a span of several years, the proposal for an amendment to the Law No. 4054 on Protection of Competition (“Law no. 4054”) (“Amendment Proposal”) has finally been approved by the Turkish parliament, namely the Grand National Assembly of (...)

14 May 2020 B

The Ankara Regional Administrative Court annuls the Turkish Competition Authority’s decision that concluded a violation but no fine because the same action and subject had already previously been fined (Mey İçki)

Bahadır Balkı, Mustafa Ayna, Özlem Başıböyük • May 2020

The Regional Administrative Court Found the Turkish Competition Authority’s Decision concerning Mey İçki Unlawful: Abuse of the Dominance Should Be Evaluated Separately in terms of Each Product Market!* Introduction The Ankara Regional Administrative Court’s 8th Administrative Chamber (“Regional (...)

7 May 2020 B

The Turkish Competition Authority initiates its first pandemic related investigation against 29 undertakings operating in the different levels of food and cleaning/hygiene products market and announces that it will investigate the pricing behaviours

Bahadır Balkı, Baran Can Yıldırım, Celal Duruhan Aydinli • May 2020

The Turkish Competition Authority (“TCA”) on March 23, 2020 gave its heads up to undertakings that it was “closely following the price increases”, which it referred to as “opportunistic” during the pandemic . As such, the TCA warned in its announcement that it will impose the highest fines allowed by (...)

1 May 2020 R

Competition law and developing countries: Overarching themes from Africa, cartels and corruption, and mergers

Paula Farani de Azevedo Silveira, Paula de Andrade Baqueiro, Mor Bakhoum, Arsenio M. Balisacan, Luis Guilherme Ahlo Batista, Laurie Binge, Kevin Davis, Eleanor M. Fox, Gönenç Gürkaynak, Timothy T. Hughes, Helen Kean, Liberty Mncube, Marcio De Oliveira Jr, Leni Papa, George L. Paul, Daniel Rubinfeld, Pablo Trevisán • N° 2-2020

In this edition we present an overarching view of competition law and developing countries, then pick up themes, such as cartels, corruption and mergers, from the “Antitrust and developing and emerging economies” annual Concurrences review Conference held on November 1st, 2019, at the New York (...)

21 Apr 2020 B

The Turkish Competition Authority investigates RPM allegations against leading energy drink company and decides to close its in-depth investigation without imposing any administrative fines (Red Bull)

Bahadır Balkı, Ayberk Kurt, Alper Karafil • April 2020

In 21 April 2020, the Turkish Competition Authority (“TCA”) published its reasoned decision on resale price maintenance and de facto exclusivity conducts focusing on the practices carried by Red Bull Gıda Dağıtım ve Pazarlama Tic. Ltd. Şti. (“Red Bull”) Resale price maintenance and exclusionary (...)

26 Mar 2020 B

The Turkish Competition Authority imposes a fine on a manufacturer and seller of heating systems for vertically restraining its distributors’ freedom in the market through distribution agreements (Baymak)

Ercüment Erdem • March 2020

Introduction The Turkish Competition Board’s (“Board”) recent decision dated 26.03.2020 numbered 20-16/232-113 regarding Baymak Makina San. ve Tic. A.Ş. (“Baymak”) holds significant importance as it contains a detailed analysis regarding numerous vertical restraint types. Background Baymak is a (...)

26 Mar 2020 B

The Turkish Competition Authority imposes administrative monetary fines on a manufacturer and distributor of heating systems for engaging in vertical restraints (Baymak)

Gönenç Gürkaynak, Onur Özgümüş • March 2020

This case summary concerns an analysis of the Board’s Baymak decision, which concerned an administrative monetary fine of TL 26,813,704.10 against Baymak Makina San. ve Tic. A.Ş. (“Baymak”) for the violation of Article 4 of the Law No. 4054 on the Protection of Competition (“Law No. 4054”) through (...)

23 Mar 2020 B

The Turkish Competition Authority makes a statement as to the developments in the prices in the food market during the COVID-19 outbreak

Ercüment Erdem • March 2020

An important statement is made by the Competition Authority (“Authority”) regarding the recent developments in the prices in the food market through the public announcement dated 23 March 2020 and published in the Authority’s web site. In the announcement, it is stated that excessive increase in (...)

23 Mar 2020 B

The Turkish Competition Authority announces a zero-tolerance policy against excessive price increases in the food sector during the COVID-19 outbreak

Gönenç Gürkaynak, Öznur İnanılır, Esen Ergül • March 2020

The world is clearly going through uncertain times as a result of the COVID-19 outbreak. In Turkey, although at the moment there are significantly fewer confirmed cases of COVID-19 in Turkey as compared to the Western European countries and the UK, the COVID-19 pandemic outbrea k has also (...)

23 Mar 2020 B

The Turkish Act No. 7244 introduces a new regulatory authority to battle the effects of the Covid-19 crisis on economic and social life in Turkey

Bahadır Balkı, Fırat Eğrilmez, Seniha Irem Akin • March 2020

How Will Turkey Deal with Unfair Practices During COVID-19 Outbreak: Establishment of the Unfair Price Assessment Board* Introduction While the world is dealing with novel coronavirus pandemic, many countries resorted to protectionist measures in order to preserve the quality of social life (...)

23 Mar 2020 B

The Turkish Competition Authority warns it will impose the most serious administrative fines on food sellers who charged excessive prices during the COVID-19 pandemic

Turkish Competition Authority • March 2020

PUBLIC ANNOUNCEMENT* It is observed that in our food market, especially in the market for fresh vegetables and fruits, there are extreme price increases in an opportunist manner nowadays, while we are facing with global COVID-19 outbreak. Being granted the power to protect consumer welfare (...)

19 Mar 2020 B

The Turkish Competition Authority fines ready mix concrete producers for engaging in horizontal infringements and cartels (Coşkunlar / Irgatoğlu / Sorgun Emek / Tamer...)

Ercüment Erdem • March 2020

Introduction The Turkish Competition Board’s (“Board”) recent decision dated 19.03.2020 and numbered 20-15/215-107 regarding the ready mix concrete producers in the Yozgat region, including Coşkunlar Hazır Beton İnş. Taah. San. ve Tic. A.Ş. (“Coşkunlar”), Irgatoğlu Hazır Beton Nak. San. ve Tic. Ltd. (...)

19 Mar 2020 B

The Turkish Competition Authority fines ready mix concrete producers for a cartel agreement (Coşkunlar / Irgatoğlu / Sorgun Emek / Tamer...)

Gönenç Gürkaynak, Barış Yüksel • Turkish Antitrust

(1) Introduction The Turkish Competition Board’s (“ Board ”) Yozgat Ready Mixed Cement decision (“ Decision ”) was published on September 7, 2020. The Board concluded that certain ready mixed concrete producers operating in Yozgat province of Turkey entered into a cartel agreement by way of forming (...)

12 Mar 2020 B

The Ankara Administrative Court reassesses the Competition Authority’s decision on price squeezing allegations in the telecommunications sector (Türk Telekom / TTNET)

Gönenç Gürkaynak, Ceren Özkanlı Samlı • March 2020

Background In 2012, the Board launched a full-fledged investigation against Türk Telekom and TTNET upon the complaints of certain Internet service providers (“ISP”), alleging that Türk Telekom and TTNET had abused their dominant positions in the wholesale and retail markets for fixed broadband (...)

12 Mar 2020 B

The Turkish Competition Authority imposes record fine on four major players operating in the fuel distribution sector (Shell / BP / OPET / PO)

Bahadır Balkı, Mustafa Ayna, Özlem Başıböyük • March 2020

Introduction In March 2020, the Turkish Competition Authority (“TCA”) imposed a hefty fine amounting to approximately TRY 1.5 billion in total (approx. EUR 170 million) on four undertakings operating in the fuel distribution sector, namely BP Petrolleri A.Ş. (“BP”), OPET Petrolcülük A.Ş. (“OPET”), (...)

2 Mar 2020 B

The Turkish Competition Authority opens an investigation against an undertaking operating in the automotive sector in order to re-evaluate its previous decision since it was annulled by the 13th Chamber of Council of States (SCT)

Bahadır Balkı, Mustafa Ayna, Özlem Başıböyük • March 2020

The Undertakings Operating in the Automotive Sector under the Review of the TCA Once Again* Introduction In the previous days, the Turkish Competition Authority (“TCA”) resolved under its decision dated 26.03.2020 and numbered 20-16/234-M to open an investigation against the undertaking (...)

13 Feb 2020 B

The Turkish Competition Authority fines €13 million a big tech company for excluding its competitors in shopping comparison services (Google Shopping)

Barış Yüksel • February 2020

On May 27, 2020, the Turkish Competition Authority (“TCA”) published its Google Shopping Decision (13.02.2020, 20-10/119-69) whereby it imposed an administrative fine amounting to approx. EUR 13 million on Google for hindering the activities of its competitors in the “shopping comparison services (...)

13 Feb 2020 B

The Turkish Competition Authority imposes remedies on a tech giant which accepts to remove display of its shopping unit (Google)

Bahadır Balkı, Erdem Aktekin • February 2020

On 29th of July, Google announced that starting from 10 th of August, it will be removing shopping ads (or “the Shopping Unit” as referred by the TCA as well as by the EU Commission) from its search pages in Turkey. According to the tech giant, the decision was taken because of the uncertainties (...)

31 Jan 2020 eB

2020 Competition Case Law Digest - A Synthesis of EU, US and National Leading Cases International Antitrust
Turkish Antitrust

Esra Uçtu, Gönenç Gürkaynak, Onur Özgümüş

International Antitrust 315 Turkish Antitrust: An Overview of Turkish Competition Law g önenç g ürkAynAk, esrA U çtU, O nur Ö zgümüş g ELIG Gürkaynak Attorneys-at-Law (Istanbul) gonenc.gurkaynak@elig.com esra.uctu@elig.com onur.ozgumus@elig.com I. Introduction At a first glance, it might be beneficial (...)

29 Jan 2020 B

The Turkish Competition Authority fines a Dutch company for obstructing parallel trade to Turkish energy solution market (Arti Marin / Mastervolt)

Barış Yüksel, Nabi Can Acar, Burak Bugrahan Sezer • January 2020

Introduction On 29.01.2020, Turkish Competition Authority (“TCA”) announced its final decision (“Final Decision”) concerning the investigation conducted against Artı Marin Mobil Enerji Sistemleri Inc. (“Artı Marin”) and Mastervolt International Holding BV (“Mastervolt”), a Netherlands based energy (...)

23 Jan 2020 B

The Turkish Competition Authority decides that delays by mobile operators regarding the signing of interconnection agreements do not amount to an anti-competitive constructive refusal to deal (NetGSM / Turkcell-Vodafone)

Gönenç Gürkaynak, Barış Yüksel • January 2020

The Turkish Competition Board (“Board”) concluded that Turkcell İletişim Hizmetleri A.Ş. (“Turkcell”) and/or Vodafone Telekomünikasyon A.Ş. (“Vodafone”) did not violate Law No. 4054 on the Protection of Competition (“Law No. 4054”) as their conduct did not amount to an anti- competitive constructive (...)

26 Dec 2019 B

The Turkish Competition Authority issues an opinion letter regarding its preliminary investigation of a manufacturer of ceramic and granite product for restricting active and passive sales of its dealers outside their territory and for forcing consumers to purchase its products within their provinces (Qua Granit)

Gönenç Gürkaynak, Eda Duru • December 2019

The Turkish Competition Board (“Board”) published its reasoned decision regarding its preliminary investigation pertaining to the allegations that Hayal Seramik Yapı ve Ürünleri San. Tur. ve Tic. A.Ş. (“Qua Granit”) violated Article 4 of the Law No. 4054 on the Protection of Competition (“Law No. (...)

26 Dec 2019 B

The Turkish Competition Authority publishes its first investigation concerning abuse of dominance by a standard essential patent holder (Philips)

Barış Yüksel • December 2019

Turkish Competition Authority’s (“TCA”) Philips Decision (26.12.2019, 19-46/790-344 – published on 27.05.2020) is quite significant as it is the first time that the TCA examined the conducts of a Standard Essential Patent (“SEP”) holder within the scope of Article 6 of the Act No. 4054 on the (...)

19 Dec 2019 B

The Turkish Competition Authority acknowledges that market shares are not the sole indicators of market power and grants an unconditional clearance to an acquisition in the airline transport market (GA Akaryakıt / THY / Total / Zirve)

Gönenç Gürkaynak, Eda Duru • December 2019

This case summary concerns an analysis of the Turkish Competition Board’s (“Board”) IGA Akaryakıt/THY/Total/Zirve decision, in which the Board evaluated the acquisition of joint control over IGA Havalimanı Akaryakıt Hizmetleri A.Ş.’s (“IGA Akaryakıt”) shares by Türk Hava Yolları A.O. (“THY”), Total Oil (...)

19 Dec 2019 B

The Turkish Competition Authority acknowledges that market shares are not the sole indicators of market power and grants an unconditional clearance to the acquisition of a company in the energy sector (IGA Akaryakıt / THY / Total / Zirve)

Gönenç Gürkaynak, Eda Duru • Turkish Antitrust

This case summary concerns an analysis of the Turkish Competition Board’s (“Board”) IGA Akaryakıt/THY/Total/Zirve decision, in which the Board evaluated the acquisition of joint control over IGA Havalimanı Akaryakıt Hizmetleri A.Ş.’s (“IGA Akaryakıt”) shares by Türk Hava Yolları A.O. (“THY”), Total Oil (...)

18 Dec 2019 B

The Turkish Administrative Court annuls a Competition Authority’s decision assessing excessive pricing in the online market and provides guidance on the standard of proof to be followed by the Authority (Sahibinden.com)

Ayberk Kurt, Alper Karafil • December 2019

The standard of proof plays a significant role during the process of the investigations performed within the framework of the competition law. However, no explicit provision regarding the standard of proof which shall be taken as basis in the preliminary and full-fledged investigations carried (...)

18 Dec 2019 B

The Turkish Administrative Court annuls the fining decision of the Competition Authority because it failed to meet the required standards for establishing a competition law infringement based on excessive pricing (Sahibinden.com)

Gönenç Gürkaynak • December 2019

This case note analyses Ankara 6th Administrative Court’s (the “Administrative Court”) annulment judgment (18.12.2019; 2019/946 E., 2019/2625 K.) through which the Administrative Court reviewed the Turkish Competition Board’s (the “Board”) decision dated 01.10.2018 and numbered 18-36/584-285, (...)

11 Dec 2019 B

The Ankara Regional Administrative Court annuls the lower Court’s decision due to the claimant’s lack of capacity to sue in a case alleging resale price maintenance in the market for cereals and legumes (Duru Bulgur)

Ayberk Kurt, Alper Karafil • December 2019

Capacity to Sue of Consumers Whose Interests Are Affected Was Held Under the Microscope of the Administrative Courts in Turkey* The issue of the “appropriate claimant” or the capacity to sue always comes into question at the stage of the judicial review of the decisions of the competition (...)

11 Dec 2019 B

The Turkish Council of State rejects an appeal request made by a cement producer concerning the Regional Administrative Court’s decision which imposed a monetary fine for engaging in concerted practices with its competitors, increasing prices and territorial allocation (Batısöke)

Gönenç Gürkaynak, Ceren Özkanlı Samlı • December 2019

This case summary includes an analysis of 13th Chamber of the Council of State’s (“Council of State”) decision (E. 2019/1035, K. 2019/4253, 11.12.2019) concerning the last stop of the judicial review. In the judicial review process, Batisöke Söke Çimento Sanayii T.A.Ş. (“Batısöke”) filed to annul (...)

25 Nov 2019 B

The UNCTAD and Turkish Competition Authority say that keeping markets fair in digital era requires stronger cooperation among national competition authorities

UNCTAD - UN Conference on Trade and Development • November 2019

Keeping markets fair in digital era requires stronger cooperation* As economies become more digital, keeping them competitive and fair requires stronger government cooperation, the first Istanbul Competition Forum heard on 25 November. The forum gathered more than two dozen competition (...)

22 Nov 2019 B

The Turkish Competition Authority approves the transaction concerning the indirect acquisition of joint control over a chemical company by an investment fund (Cinven / Vakıf / Barentz)

Gönenç Gürkaynak, Eda Duru • Turkish Antitrust

This case summary concerns an analysis of the Board’s Cinven/Vakıf/Barentz decision, in which the Board evaluated the acquisition of joint control over H.L. Barentz B.V. (“ Barentz ”) by (i) an investment fund, which was ultimately controlled by Cinven Capital Management (VI) General Partner (...)

7 Nov 2019 B

The Turkish Competition Authority imposes a daily fine on a big tech company for not complying with the previously imposed obligations (Google)

Barış Yüksel, Fırat Eğrilmez, Alper Karafil • November 2019

Turkish Competition Authority (“TCA”) recently published its decision (“Review Decision”) reviewing the obligations that ought to be fulfilled by the economic integrity comprised of Google LLC, Google International LLC and Google Reklamcılık ve Pazarlama Ltd. Şti. (will be referred to as “Google” (...)

7 Nov 2019 B

The Turkish Competition Authority experts impose administrative fines on undertakings in order to ensure the protection of competition (Google)

Ercüment Erdem • November 2019

Introduction The Law on Protection of Competition (“Law No. 4054”) outlines the Competition Board’s (“Board”) and the Competition Authority’s experts’ powers while implementing their duties to ensure the protection of competition. Accordingly, Law No. 4054 imposes several types of administrative (...)

1 Nov 2019 C

Antitrust and Developing and Emerging Economies

Pinelopi Koujianou Goldberg, Eleanor M. Fox, Harry First, Paula Farani de Azevedo Silveira, Kevin Davis, Gönenç Gürkaynak, David Lewis, Nicholas Economides, Dennis Davis, Ioannis Lianos, Amy Ray, Marcio De Oliveira Jr, Scott Hemphill, Alexey Ivanov, Liberty Mncube, George L. Paul, Daniel Rubinfeld, Arsenio M. Balisacan, Randolph Tritell, Pablo Trevisán, Frédéric Jenny, Benedict Kingsbury

Annual Concurrences + NYU Law conference with the support of Charles River Associates, ELIG Gürkaynak Attorneys-at-Law, Orrick, White & Case (Panel Sponsors) and MLex (Media Sponsor).

1 Nov 2019 R

Gun Jumping in Merger Control. A Jurisdictional Guide, Catriona HATTON, Yves COMTOIS and Andrea HAMILTON (dir.), foreword by Richard WHISH

Richard Whish • N° 4-2019 • pp. 234-235

This section selects books on themes related to competition laws and economics. This compilation does not attempt to be exhaustive but rather a survey of themes important in the area. The survey usually covers publication over the last three months after publication of the latest issue of (...)

31 Oct 2019 B

The Turkish Competition Authority unconditionally approves an acquisition concluding that the parties, both controlled by state authorities of the People’s Republic of China, constitute separate entities (Tsinghua Tongfang / CNNC Capital)

Gönenç Gürkaynak, Onur Özgümüş • October 2019

This case summary concerns an analysis of the Board’s CNNC Capital/Tongfang decision, regarding the acquisition of sole control over Tsinghua Tongfang Co. Ltd. (“Tongfang”) by China National Nuclear Corporation Capital Holdings Co. Ltd. (“CNNC Capital”). The Board assessed whether the parties, both (...)

31 Oct 2019 B

The Turkish Competition Authority approves the transaction concerning the indirect acquisition of control over a coal and steel company and its business unit for the distribution of steel pipes via a transfer of shares (Van Leeuwen / Benteler)

Gönenç Gürkaynak, Eda Duru • Turkish Antitrust

This case summary concerns an analysis of the Turkish Competition Board’s (“Board”) Van Leeuwen/Benteler decision, in which the Board evaluated the acquisition of sole control over Benteler International Aktiengesellschaft’s (“ Benteler ”) business unit for the distribution of steel pipes (“ Target (...)

24 Oct 2019 B

The Administrative Court of Ankara annuls a decision of the Competition Authority in the electronic communication sector due to the incomplete examination (Dogan / Cisco)

Gönenç Gürkaynak, Ceren Özkanlı Samlı • October 2019

This case summary includes an analysis of Ankara 11th Administrative Court’s (the “Administrative Court”) decision (24.10.2019, E. 1315, K. 2115) in which the Administrative Court annulled the Turkish Competition Board’s (the “Board”) decision (15-28/317-95, 07.07.2015) due to the incomplete (...)

6 Sep 2019 eB

Gun Jumping in Merger Control: A Jurisdictional Guide TURKEY

Gönenç Gürkaynak

TURKEY Gönenç Gürkaynak (ELIG Gürkaynak Attorneys-at-Law) Gun Jumping In Merger Control 363 Part 1: Merger Control and the “Standstill Obligation” Please identify the relevant merger control legislation in your jurisdiction. Please provide a link to the relevant legislation (if possible, in English) (...)

5 Sep 2019 B

Turkish Antitrust: An overview of Turkish competition law

Gönenç Gürkaynak, Esra Uçtu, Onur Özgümüş • Turkish Antitrust

The articles in this Special Issue aim to demonstrate how the Turkish Competition Board (the “Board”) paved the way for the harmonization of the Turkish competition law regime with European Union law over the span of the past decade on various fronts. In a similar vein, these articles also intend (...)

5 Sep 2019 B

The Turkish Competition Authority approves the acquisition of a company active in the FinTech sector (PayU / İyzico)

Gönenç Gürkaynak, Onur Özgümüş • September 2019

This case summary concerns an analysis of the Board’s PayU/iyzico decision, in which the Board analysed the parties’ market powers in the financial technology (“ FinTech ”) market by applying different market share calculation methods and established the general principles for the assessment of (...)

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