The Turkish Competition Board considers only the turnover in the relevant product market when calculating the fine for failure to notify a concentration (Sarten Ambalaj)

The Turkish Competition Board has explicitly ruled that it will calculate the monetary fine against failure to notify a concentration with reference to the turnover generated-by the parties to the transaction-in the relevant product market. Although the relevant provision under the Turkish Competition Law orders a fixed percentage of the turnover to be imposed as a monetary fine against failures to notify concentrations, it does not give any clear indication on whether the overall turnover or the turnover in the relevant product market(s) should be considered. Through its ruling in the Sarten Ambalaj decision, the Turkish Competition Board once again made clear its standing against failures to notify concentrations. However,

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Sanrah Gozde Deniz, The Turkish Competition Board considers only the turnover in the relevant product market when calculating the fine for failure to notify a concentration (Sarten Ambalaj), 15 April 2010, e-Competitions Bulletin April 2010, Art. N° 34802

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