What Should You Expect Once Your Merger Has Been Referred to Phase II by the Turkish Competition Authority?
Since Phase II reviews account for only 1% of the total notifications, the Turkish Competition Authority emphasises these reviews carefully. Out of a total of 53 transactions, 17 were accepted only with commitments and 5 were rejected, reducing the unconditional acceptance rate of a complex transaction to 58.5 per cent. Therefore, the M&A attorney should prepare diligently to overcome the complexities.