The Turkish Competition Authority adopts guidelines on regulation of fines slightly different from EU Law

Regulation on Fines to Apply in Cases of Agreements, Concerted Practices and Decisions Limiting Competition, and Abuse of Dominant Position (the “Regulation on Fines” or the “Regulation”) has entered into force through publication in the Official Gazette dated 15.02.2009 and numbered 27142. The Regulation on Fines was prepared based on articles 16 and 27 of the Act on the Protection of Competition numbered 4054 (the “Competition Act). Article 16 of the Competition Act, to deter undertakings and its members from engaging with anti-competitive activities, which are banned under competition law, levies financial fines on undertakings where appropriate. Article 27 of the Competition Acts stipulates that the Competition Board (the “Board”) is the authorized body to impose such administrative

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Ercüment Erdem, The Turkish Competition Authority adopts guidelines on regulation of fines slightly different from EU Law, 15 December 2009, e-Competitions December 2009, Art. N° 48216

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