• Merger Control Thresholds Revised
  • August 27, 2013 | Author: Gönenç Gürkaynak
  • Law Firm: ELIG Attorneys-at-Law - Istanbul Office
  • As soon as the figures concerning the total number of merger control cases reviewed by the authority in 2011 (the first year when Communiqué 2010/4 was in force) were revealed, it became clear that the TRY5 million threshold (approximately €2.2 million and $2.8 million)(1) was too low. Amendments to the jurisdictional thresholds were made immediately. On December 29 2012 Communiqué 2012/3 (amending Communiqué 2010/4) which amends the turnover thresholds that a merger or acquisition must exceed before becoming subject to notification, was published in the Official Gazette.