The Turkish Competition Board Imposes fine for failing to notify of the establishment of a joint venture (Anayurt)

The Competition Board (“Board”) analyzed in its decision dated 25.06.2014 and numbered 2014-1-47 (“Decision”) that, whether (1) the establishment of a joint venture entitled Anayurt Kömür Madencilik Sanayi ve Ticaret A.Ş. (“Anayurt”) is in compliance with Art. 7 of the Act on the Protection of Competition No. 4054 (“Competition Act”) and the Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board No. 2010/4 (“Communiqué No. 2010/4”) and (2) whether failing to notify the said joint venture to the Board constitutes sufficient grounds to impose an administrative fine in accordance with Art. 11(a) and Art. 16 of the Competition Act. After examination, the Board imposed a fine upon the parties on the grounds of failure to notify of an acquisition that is

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Ercüment Erdem, The Turkish Competition Board Imposes fine for failing to notify of the establishment of a joint venture (Anayurt), 25 June 2014, e-Competitions June 2014, Art. N° 78808

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