Introduction The Turkish Competition Authority (the “TCA”) amended the Communiqué governing the Turkish merger control implementation (Communiqué No. 2010/4 on Mergers and Acquisitions Requiring the Approval of the Competition Board (“Communiqué”)) on February 24, 2017. While there is no change to the currently applicable notification thresholds, the amendments concern the regime for successive transactions as…
DetailsIntroduction In the era of digital markets, the growing importance of Big Data1 is undeniable. “The rise of new businesses models based on the collection and processing of Big Data is currently shaping the world.”2 Indeed, the Big Data phenomenon has not only changed the way businesses conduct their economic activities, but also presented new…
DetailsThe USD 122 million fine imposed on 18 May 2017 by the European Commission on Facebook for providing inaccurate information about WhatsApp 2014 acquisition serves as a loud reminder for business that non-compliance with any aspect of competition/merger rules – including obligation to provide information – may be rather costly. Background In its notification back…
DetailsIn July 2017, the European Commission (EC) launched investigations into alleged breaches of EU merger procedural rules by Merck and Sigma-Aldrich, General Electric, and Canon, in particular by providing incorrect or misleading information by the first two companies; and by implementing a merger before notification and clearance by the latter company. This is just another…
DetailsI personally observe that the managing staffs of companies are becoming highly aware of competition law but this awareness is frequently related to the great label it holds as ‘something of a great threat to my career’. The principal objective in delivering this piece is to clarify the key aspects of competition law through its…
Details1. Introduction It is a common practice that companies become familiar with competition law and aware that they are violating competition rules only once they are faced with the investigation and fines imposed on them by the Competition Authorities for the breach of those rules. An effective competition compliance program (“CCP”) may help companies to…
DetailsUpon the complaint submitted by the largest national producer of toothbrushes, the Turkish Ministry of Economy examined the import volume of such product and determined that the product subject to investigation is being dumped on the Turkish market. On 22.04.2017 the Turkish Ministry of the Economy (“Ministry”) launched an investigation against the imported toothbrushes (classified…
DetailsThe Ministry of Economy of Turkey (Ministry) lifted the customs supervision charges on imported chairs which were in place since 10 January 2007. Customs supervision charges are one of the safeguard measures Turkey is entitled to impose on imported products in order to protect the national industry/producer. Customs supervision charges allow the Ministry to levy…
DetailsOn 17 August 2017, the Council of Ministers enacted the Additional Decision to Import Regime Decision No. 10561 and the Additional Decision to Import Regime Decision No. 10580 (together referred to as “Decisions“). The Decisions set forth additional customs duties that shall be taken in respect to the imports of the goods falling under the…
Details1. Introduction The recent developments in the case law have led the trade remedy law practitioners to bring the Turkish Ministry of Economy’s (“Ministry”) approach towards the implementation of the “lesser duty rule” to their agenda. There are deep concerns and raising voices of the interested stakeholders from both sides (domestic industry and foreign traders)…
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