The Turkish Competition Authority introduces a settlement mechanism under national competition law

In an effort to take one step further in harmonizing the Turkish Competition Law with the EU legislation, the Turkish Competition Authority (“Authority”) has recently introduced the settlement mechanism under Article 43 of the Law No. 4054 on the Protection of Competition (“Law No. 4054”) and the relevant Draft Regulation on Settlements (“Draft Regulation”). (i) A General Insight into the Settlement Mechanism Provisions under Law No. 4054 The main points of the new settlement mechanism have been set out in Article 43 of Law No. 4054 through the amendment in June 2020. Based on this, the Turkish Competition Board (“Board”) may initiate the settlement process, in view of the procedural efficiencies and any differences of opinion regarding the existence or scope of the violation. As per

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Authors

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

Quotation

Gönenç Gürkaynak, Öznur İnanılır, Berfu Akgun, Buğrahan Köroğlu, The Turkish Competition Authority introduces a settlement mechanism under national competition law, 18 March 2021, e-Competitions March 2021, Art. N° 100271

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