MATHEMATICS (TURKISH, PHD)
PhD TR-NQF-HE: Level 8 QF-EHEA: Third Cycle EQF-LLL: Level 8

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
THK5311 Mergers, Acquisitions, Demergers and Corporate Groups Fall 3 0 3 8
The course opens with the approval of the Department at the beginning of each semester

Basic information

Language of instruction: Tr
Type of course: Departmental Elective
Course Level:
Mode of Delivery: Face to face
Course Coordinator : Assoc. Prof. SEDA ÖKTEM ÇEVİK
Course Lecturer(s): Dr. Öğr. Üyesi AYŞE ŞAHİN
Course Objectives: In this course, in the extent about its relation with mergers, acquisitions and fission of companies, basic concepts of contract law,company law, capital market law and competition law; mechanisms of capital market authority and competition authority about merger and acquisitions of companies, analyze of institutions specific to competition law and it's aimed to enlighten legal problems which arise in practice.

Learning Outputs

The students who have succeeded in this course;
I. Student can define basic concepts of contract law, company law, capital market law and competition law in the extent of mergers, acquisitions and fissions.
II. He will recognize capital market authority and competition authority and solve the problems in practice .
III. He can distinguish legal institutions specific to capital market and competition law applicable to mergers, acquisitions and fissions.
IV. At the end of this course, student can explain legal institutions applicable to mergers, acquisitions and fissions.
V. At the end of this course, student acquire the ability to use mechanisms related with mergers, acquisitions and fissions.

Course Content

1st week: Introduction to company mergers, acquisitions and fissions and basic concepts about subject
2nd week: Competition authority, Capital markets authority, permissions to obtain
3rd week: Phase of pre-negotiation, letter of intent and its binding force in Company mergers, acquisitions and fissions.
4th week: Phase of examination, "Due Diligence", its goal and application
5th week: Making of legal, financial and operational examination and price offer
6th week: Phase of negotiation, Share Deal, Conditions
7th week: Recapitulation
8th week: Midterms
9th week: Announcements and commitments of parties and results of breach of these
10th week: Contractual penalty clauses, non-competition clause and remedies to solve disagreements, Permissions of capital markets authority about amendments to the main agreement
11th week: commitment to share agreement, methods of increase of capital in Turkish law,privately and publicly held companies.
12th week: Shareholders agreement, its relation with main agreement, problems in practice, limitations and proposals for resolution.
13th week: Applicable law and remedies
14th week: securities and option contracts
15th week: recapitulation
16th week: Final exams

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction to company mergers, acquisitions and fissions and basic concepts about subject
2) Competition authority, Capital markets authority, permissions to obtain
3) Phase of pre-negotiation, letter of intent and its binding force in Company mergers, acquisitions and fissions.
4) Phase of examination, "Due Diligence", its goal and application
5) Making of legal, financial and operational examination and price offer
6) Phase of negotiation, Share Deal, Conditions
7) Recapitulation
8) Midterms
9) Announcements and commitments of parties and results of breach of these
10) Contractual penalty clauses, non-competition clause and remedies to solve disagreements, Permissions of capital markets authority about amendments to the main agreement
11) commitment to share agreement, methods of increase of capital in Turkish law,privately and publicly held companies.
12) Shareholders agreement, its relation with main agreement, problems in practice, limitations and proposals for resolution.
13) Applicable law and remedies
14) securities and option contracts
15) recapitulation
16) Final exams

Sources

Course Notes: Yok/None
References: - ESİN, İsmail, LOKMANHEKİM, Tunç, Uygulamada Birleşme ve Devralmalar, Beta Yayınevi, İstanbul 2003. - ASLAN, Yılmaz, Rekabet Hukuku Dersleri, Ekin Yayınevi, 2010. - GÜVEN, Pelin, Türk Rekabet Hukuku ve Avrupa Birliği Rekabet Hukukunda Birleşme ve Devralmaların Denetlenmesi -ERDEM, Ercüment, Rekabet Hukuku ile İlgili Makaleler, Beta Yayınevi İstanbul 2007.

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Attendance % 10
Laboratory % 0
Application % 0
Field Work % 0
Special Course Internship (Work Placement) % 0
Quizzes % 0
Homework Assignments % 30
Presentation % 10
Project % 0
Seminar % 0
Midterms 1 % 10
Preliminary Jury % 0
Final 1 % 40
Paper Submission % 0
Jury % 0
Bütünleme % 0
Total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
Total % 100

ECTS / Workload Table

Activities Number of Activities Workload
Course Hours 14 42
Laboratory
Application
Special Course Internship (Work Placement)
Field Work
Study Hours Out of Class 16 80
Presentations / Seminar
Project
Homework Assignments 14 42
Quizzes 2 16
Preliminary Jury
Midterms
Paper Submission
Jury
Final 2 20
Total Workload 200

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution