The Turkish Competition Authority issues the regulation on settlement procedure for investigations on anticompetitive agreements, concerted practices, decisions and abuse of dominant position

Introduction On July 15, 2021, the Turkish Competition Authority (“Authority”) issued the Regulation on Settlement Procedure for Investigations on Anticompetitive Agreements, Concerted Practices, Decisions and Abuse of Dominant Position (“Settlement Regulation”), which was also published in the Official Gazette on the same day [1]. The legal basis of the Settlement Regulation is Article 43 of the Law No. 4054 on the Protection of the Competition (“Law No. 4054”) as amended by the Law No. 7246 on June 24, 2020 [2]. As per Article 43 of the Law No. 4054, after initiating an investigation and before the investigation report is notified to the parties, the Board may, upon the request of the parties concerned or on its own initiative, commence the settlement procedure. The relevant article

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Authors

  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)

Quotation

Gönenç Gürkaynak, Ebru Ince, Baran Can Yıldırım, The Turkish Competition Authority issues the regulation on settlement procedure for investigations on anticompetitive agreements, concerted practices, decisions and abuse of dominant position, 15 July 2021, e-Competitions July 2021, Art. N° 101903

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