The Turkish Competition Authority fines banks and financial institutions for not providing information and documents (JPMorgan / ING / Citibank / Goldman Sachs / Türkiye Garanti Bankası)

Introduction In the recently published decisions of the Competition Board ("Board"), it is observed that undertakings were fined due to the fact that requested information and documents were not provided at all, or were provided incompletely. The most interesting of these decisions [1] is the decision (“Decision”) [2] dated 02.07.2020 and numbered 20-32/397-179 regarding some banks and financial institutions failing to provide requested information and documents within the scope of the preliminary investigations [3] initiated by the Board. Even though the aforementioned Decision attracted attention at first glance due to the high amount of the fines imposed on these banks and financial institutions, it also brings with it important legal debates concerning the authority of the Board,

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Ecem Süsoy Uygun, The Turkish Competition Authority fines banks and financial institutions for not providing information and documents (JPMorgan / ING / Citibank / Goldman Sachs / Türkiye Garanti Bankası), 2 July 2020, e-Competitions July 2020, Art. N° 98268

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