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The board of administrators submits the merger agreement to the final meeting, and the final meeting discusses the settlement and choice of merge Once the businesses participating in merger approve the merger, board of directors of those corporations shall apply to the commerce registry for registration. With registration, all assets and liabilities of assignee shall be automatically transferred to the transferee. In addition, these corporations aren’t obliged to current the merger settlement to the general meeting for its approval.

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Within this frame, a Communiqué relating to the M&A actions which are subject to the approval of the Competition Board has been enacted in 2010 and this Communiqué is currently in drive with certain amendments in 2012 and 2015. Subsequently, a time period sheet could also be negotiated and executed by the parties which determines the situations with respect to the ultimate documents. Normally, the merger takes place between firms that have approximately the same status and the identical goal According to Turkish law firm turkish citizenship by investment, sure M&A activities are topic to the approval of the Competition Board. In 2020, the Netherlands was the most important foreign investor in Turkey, with about 18% of the entire investment coming from this country.

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