Comparative Guides

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4. Results: Answers
Merger Control
Tips and traps
What are your top tips for smooth merger clearance and what potential sticking points would you highlight?

Answer ... It is important that a transaction is not closed until the approval of the Competition Board has been obtained, in order to avoid monetary fines and legal status risks, as explained in question 7.1. Therefore, although the Competition Law sets no specific deadline for filing, in light of the 30-calendar-day review period, it is advisable to file the transaction at least 40 to 45 calendar days before closing.

For more information about this answer please contact: Gönenç Gürkaynak from ELIG Gürkaynak Attorneys-at-Law