ARTICLE
13 August 2021

Announcement Of The Competition Authority With Respect To Notifications Regarding Merger And Acquisition Transactions

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Pekin Bayar Mizrahi

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Pekin Bayar Mizrahi is a leading top-tier law firm located in Istanbul, Türkiye.

The firm was founded by Mr. Fethi Pekin, who was a former judge, in 1946. Ms. Sefika Pekin and Ms. Selin Bayar subsequently joined the firm. In time, the firm has broadened its areas of expertise and the sectors it advises; thereby becoming a “full-service” firm with a global reach. In 2021, its dispute resolution partner, Mr. Ergin Mizrahi, became a name partner and the firm changed its corporate name as Pekin Bayar Mizrahi.

With its local and international experience of 75 years, Pekin Bayar Mizrahi is now one of the largest law firms in Türkiye in both size and volume, employing around 60 fee earners. The firm also has liaison offices and affiliate counsels in numerous cities in Türkiye. The firm has international practice and its clients include States, large financial institutions, and transnational corporations from various sectors.

With the recent announcement of the Competition Authority dated 24.6.2021, it has been declared that with respect to the applications of the transaction parties during the negotiation process...
Turkey Antitrust/Competition Law
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With the recent announcement of the Competition Authority dated 24.6.2021, it has been declared that with respect to the applications of the transaction parties during the negotiation process regarding notifications of the merger and acquisition transactions, it is possible to request confidentiality in case the closing of the transaction does not take place, but in any case, the reasoned decision of the Competition Board which will be prepared after the short decision will be announced on the website of the Competition Authority. Furthermore, it has been stated in the announcement that this issue is not only related to the decisions regarding mergers and acquisitions and all reasoned decisions are published on the website of the Competition Authority.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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