Turkey attracted over $12.5 billion in foreign direct investment in 2014. 215 M&A transactions reported to Competition Board in 2014. Total transaction value reached approximately 483 billion TL in 2014. USA, Germany, Holland and Luxembourg were leading M&A countries in 2014
Attorney-client relationship may provide information during Competition Board investigations. Attorneys cannot disclose information entrusted to them under Turkish law. Board has authority to request information and perform on-site inspections
On-site inspections are conducted without notice by case handlers. Inspections can be hindered by employee behavior, leading to fines. Fines are 0.05% of annual gross revenue for previous year
Ursula von der Leyen became first female Commission President in December 2019. Commission has 27 Commissioners, including 13 women and 14 men. Three new Executive Vice-Presidents oversee major policy areas. Commission aims to be "geopolitical" and "guardian of multilateralism"
Turkish Competition Authority enforces merger control under Competition Law No. 4054. Board consists of seven members, chaired by Chairman with six-year terms. Communiqué No. 2010/4 governs mergers and acquisitions requiring Board approval