Talk:Turkey (February 7, 2005)

Turkey 2005 Pre-Merger Notification

Based on the tense of the language used, it appears to require a pre-merger notification. Moreover, the statute which this one replaced explicitly called for post-merger notification.

Article 10 - "As of the date the Board is notified of merger or acquisition agreements falling under article 7, the Board is, as a result of the preliminary examination to be performed by it within fifteen days, obliged to permit the merger or acquisition transaction, or if it decides to deal with this transaction under final examination, it is obliged to duly notify, with its preliminary objection letter, those concerned of the fact that the merger or acquisition transaction is suspended and cannot be put into practice until the final decision, together with other measures deemed necessary by it. In this case, the provisions of articles 40-59 of this Act shall be applicable.

"Where the Board does not respond to or take any action for the application as to a merger or acquisition within due time, merger or acquisition agreements shall take effect and become legally valid after 30 days as of the date of the notification."

--AchalOza 14:08, 16 July 2007 (EDT)

Agree. From this I think it's reasonable to infer that the notification and assessment occur BEFORE the merger. --JWSchneider 16:11, 16 July 2007 (EDT)