INTERNATIONAL : TURKISH COMPETITION LEGISLATION - OPERATIONS OF CONCENTRATION - COMMITMENTS - DRAFT LAW AMENDING THE ACT ON THE PROTECTION OF COMPETITION

Turkey : A review of merger commitments

MOTS-CLÉS

Despite the absence of a special provision related to commitments in the Turkish competition legislation, the Turkish Competition Board (“CB”), for a long time, has authorized the operations of concentration normally not acceptable under competition rules under certain conditions imposed to the parties. The CB, more recently, converted its practice to a merger clearance within the framework of the commitments proposed by the parties. This practice points out the same characteristics as the commitments already recognized in EU competition law. In order to fill the gap in the legislation, the commitments and conditional authorization have been included in the Draft Law Amending the Act on the Protection of Competition.

1. Commitments are the remedies offered by the parties in order to overcome the competition concerns arising out of a merger transaction. 2. For a long time, the Competition Board (“CB”) has authorized the operations of concentration normally not acceptable under competition rules under certain conditions that it has imposed to the parties. More recently, its practice has been converted to merger clearance within the framework of commitments proposed by the parties despite the absence of any special provision in the competition legislation. 1. Legal Basis 3. Commitments are not expressly regulated by the Act on the Protection of Competition No. 4054 (“Act”) [1]. The only article referring to this system is Article 6 (3) of Communiqué No. 1997/1 on the Mergers and Acquisitions Calling

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