The Turkish Competition Authority accepts a leading beverage company’s commitments to remedy the competition concerns raised concerning its abuse of dominance in the carbonated drinks, cola drinks and aromatic carbonated drinks markets (Coca Cola)

The changes to the Law No. 4054 on Protection of Competition (“Law No. 4045”) introducing the new commitment and settlement mechanisms, entered into force on 24 June 2020 with the Amendment Law, aiming to achieve efficiency gains and allow the competition investigations to close at an earlier phase without going through the whole process. Since their introduction, there has been a surge in interest among the undertakings regarding these new mechanisms, and Coca Cola Satış ve Dağıtım A.Ş. (“Coca Cola”) became one of the first firms to benefit from the commitment mechanism in the interim period applicable for the enactment of the relevant rules governing the mechanism under the Amendment Law. The Turkish Competition Board (the “Board”) had launched an investigation against Coca Cola upon a

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Authors

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

Quotation

Gönenç Gürkaynak, Dilara Yesilyaprak, The Turkish Competition Authority accepts a leading beverage company’s commitments to remedy the competition concerns raised concerning its abuse of dominance in the carbonated drinks, cola drinks and aromatic carbonated drinks markets (Coca Cola), 2 September 2021, e-Competitions September 2021, Art. N° 104194

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