The Grand National Assembly of Turkey amends the Act on the Protection of Competition

A Draft Act (“Draft Act”) to amend the Act on the Protection of Competition No. 4054 (“Competition Act”), which entered into force by being published in the Official Gazette dated 13.12.1994 and numbered 22140, was submitted to the Presidency of the Grand National Assembly of Turkey on 23.01.2014 [1]. The first Draft Act (“First Draft”) foreseeing some amendments to the Competition Act was submitted to the Presidency of the Grand National Assembly of Turkey on 31.07.2008 [2]. The Draft Act includes developments since 2008, and thus extends the content of the First Draft. Violations of competition and fines to be applied to such violations are examined in this article. Grounds for the Preparation of the Draft Act The Draft Act was prepared on the basis of two main grounds: Harmonization

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Ercüment Erdem, The Grand National Assembly of Turkey amends the Act on the Protection of Competition, 23 January 2014, e-Competitions Bulletin January 2014, Art. N° 66391

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