Turkey: M&A/Private Equity

In Türkiye, the exhilaration of an M&A deal can tempt parties into progressing prematurely, sometimes before securing the necessary regulatory approvals.

As the previous formulation was interpreted expansively to include undertakings that provided services to Turkish users, the new criterion appears to represent a deliberate choice which allows interpretations that narrows the scope. Whether digital platforms without a Turkish corporate entity but systematically targeting Turkish consumers can be considered "established" remains to be clarified through guidelines and Board decisions. Similarly, whether a formal incorporation would be required, or more

Although the concept of mandatory tender offer ("MTO") is well-known and frequently discussed topic under Turkish capital markets law, it is useful to periodically refresh our understanding of its framework and implications.