Overview of the Turkish Competition Authority’s Merger Control Enforcement in 2024
January 2025
The Competition Law team of our Turkish member firm, Kolcuoğlu Demirkan Koçaklı, has recently issued a Law Bulletin: “Overview of the Turkish Competition Authority’s Merger Control Enforcement in 2024”.
To access the document, please use the following link.
The TCA published the Guidelines on Competition Infringements in Labor Markets
December 2024
The Competition Law team of our Turkish member firm, Kolcuoğlu Demirkan Koçaklı, has recently issued a Law Bulletin: "The TCA published the Guidelines on Competition Infringements in Labor Markets".
To access the document, please use the following link.
Turkish Merger Control Rules on Notification of Extraterritorial Joint Ventures
November 2024
Our Turkish member firm, Kolcuoğlu Demirkan Koçaklı, has recently issued a Law Bulletin on "Turkish Merger Control Rules on Notification of Extraterritorial Joint Ventures".
To access the document, please use the following link.
Turkish Merger Control Regime in Technology Markets: Defining the Limits
September 2024
Neyzar Unubol, Competition Law Counsel, and Esen Cakir, Associate
Kolcuoglu Demirkan Kocakli Attorneys at Law
Recently, several competition authorities worldwide have increased merger control scrutiny in technology markets. The European Commission encourages national competition authorities to refer to transactions falling below the European Union and national turnover thresholds. The Digital Markets Act, which entered into force in November 2022, obliges large digital platforms (i.e., gatekeepers) to notify the European Commission of mergers or acquisitions regardless of turnover…
The Court of Justice in Illumina/Grail: Back to Legal Certainty and Institutional Predictability in Merger Review
September 2024
Ioanna Palyvou, Partner, and Konstantinos Sidiropoulos, Senior Associate
Kyriakides Georgopoulos Law Firm
On 3 September 2024, the EU’s highest court issued its eagerly awaited ruling on the Illumina/Grail case (C-611 & 625/22P).
The Court of Justice overturned the General Court’s ("GC") judgment – which had confirmed the European Commission’s ("EC") competence to accept a referral request from some of the EU member states and examine the Illumina/Grail merger – and annulled the EC’s decisions by which it accepted the abovementioned requests.
Specifically, the…
Significant Changes to the Turkish Commercial Code and the Law on the Protection of Competition
June 2024
Law No. 7511 on the Amendment to the Turkish Commercial Code and Certain Other Laws (the “Amendment Law”) entered into force upon its publication in the Official Gazette dated 29 May 2024 and numbered 32560. The Amendment Law introduces significant amendments to the Turkish Commercial Code (“TCC”) and Law No. 4054 on the Protection of Competition (the “Competition Law”). Comprehensive amendments regarding the TCC relate to the functioning and powers of companies’ boards of directors and minimum capital requirements. In terms of the Competition Law, amendments relate to…
Romania Chapter in the CEE Legal Matters Comparative Legal Guide: Competition 2024
April 2024
Anca Diaconu and Rares Farcas have authored the Romania Chapter of the CEE Legal Matters Comparative Legal Guide: Competition 2024, published by CEE Legal Matters.
The guide serves as a compass, providing in-depth analysis and insights on main competition pieces of legislation, notable recent updates, the main concerns of the competition authority as well as its sanctioning record, how a leniency policy is applied, and an overview of relevant recent abuse cases, as well as the impact of COVID-19, across 15 jurisdictions in the region.
The Romania Chapter of the CEE Legal Matters…
Foreign Direct Investment Screening Regime is Introduced in Bulgaria
March 2024
1. What’s new?
On February 22, 2024, Bulgaria, previously one of the few remaining EU countries without foreign direct investment (FDI) controls, introduced a new FDI screening regime in accordance with the EU FDI Screening Regulation 2019/452 (the “EU FDI Screening Regulation”).
The Act to Amend and Supplement the Investment Promotion Act (the “FDI Screening Act”) [1] now requires prior review and approval on national security grounds for foreign direct investments (“FDI”) in certain key areas of interest for national security.
The regime will apply to investors controlled…
Foreign Direct Investment Screening Regime is Introduced in Bulgaria
March 2024
Peter Petrov, Partner, and Stoyan Surguchev, Associate
BOYANOV & Co.
1. What’s new?
On February 22, 2024, Bulgaria, previously one of the few remaining EU countries without foreign direct investment (FDI) controls, introduced a new FDI screening regime in accordance with the EU FDI Screening Regulation 2019/452 (the “EU FDI Screening Regulation”).
The Act to Amend and Supplement the Investment Promotion Act (the “FDI Screening Act”)[1] now requires prior review and approval on national security grounds for foreign direct investments (“FDI”) in certain key areas…
Overview of the Turkish Competition Authority's Merger Control Enforcement in 2023
January 2024
The Turkish Competition Authority published its annual Mergers and Acquisitions Overview Report on 5 January 2024. The Report presents data related to mergers and acquisitions examined by the Competition Board during 2023 and helps to observe the trends in TCA’s merger control enforcement.
For the full article, please use the following link.
Assessment of Administrative Sanctions by the Competition Protection Agency
January 2024
Spela Arsova, Partner, Selih in partnerji
One year has passed since the entry into force of the new Prevention of Restriction of Competition Act (ZPOmK-2)[1]. Among the most important changes brought by the new law is the introduction of the so-called administrative sanctioning which replaced the minor offences procedure under the previous ZPOmK-1[2]. Previously, the minor offences procedure, and thus the imposition of a penalty, was only initiated after the administrative decision finding an infringement of the competition rules had become final. In practice, such a separation proved…
BOYANOV & Co. Advised Eurobank Bulgaria on the Acquisition of BNP Paribas Personal Finance – Bulgaria branch
June 2023
BOYANOV & Co. advised Eurobank (Bulgaria) – the fourth-largest banking institution in the country based on assets, on the acquisition of BNP Paribas Personal Finance – Bulgarian branch, the Bulgarian business establishment of the French BNP Paribas Group.
BOYANOV & Co. provided crucial support in obtaining concentration clearance from the Bulgarian Commission for Protection of the Competition as well as in relation to the regulatory permit for the deal and the preparation of the closing process.
This acquisition strengthens Eurobank’s position in the Bulgarian retail…
