Pharmaceutical Rules Under Turkish Regulation

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This amendment goals to facilitate a extra dependable assessment of unilateral and cooperation results that would come up because of mergers or acquisitions. The Amendment Law amends Article 7 of the Competition Law and introduces the significant obstacle of efficient competitors ("SIEC") check, just like the method under the EC Merger Regulation. This is just a snapshot; there are many more articles within the KSA focus part for you to learn, which we hope you will find priceless and enjoyable. There are not any adjustments to regulation, process or guidance in relation to digital mergers in terms of the competition law. With this new check, the Board will have the power to prohibit not solely transactions which will create a dominant position or strengthen an current dominant place, but in addition those who might considerably impede competition. As a matter of Article 7 of the Competition Law, mergers and acquisitions which do not create or strengthen a dominant place or don't significantly impede effective competition in a related product market within the whole or a half of Turkey, shall be cleared by the Board.

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