The Turkish Competition Authority experts impose administrative fines on undertakings in order to ensure the protection of competition (Google)

Introduction The Law on Protection of Competition (“Law No. 4054”) outlines the Competition Board’s (“Board”) and the Competition Authority’s experts’ powers while implementing their duties to ensure the protection of competition. Accordingly, Law No. 4054 imposes several types of administrative fines that can be imposed on undertakings in order to pave the way for the Board and the experts to be able to perform their duties duly. One of these is Article 16 of Law No. 4054, which is a fine to be paid, at one time, in the amount of one in one thousand of annual gross revenues of undertakings if (i) false or misleading information or document is provided in exemption and negative clearance and merger control filings, (ii) closing transactions that are subject to authorization without the

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Ercüment Erdem, The Turkish Competition Authority experts impose administrative fines on undertakings in order to ensure the protection of competition (Google), 7 November 2019, e-Competitions November 2019, Art. N° 93259

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