After rounds of revisions and failed attempts of enactment over a span of several years, the proposal for an amendment to the Law No. 4054 on Protection of Competition (“Law no. 4054”) (“Amendment Proposal”) has finally been approved by the Turkish parliament, namely the Grand National Assembly of Turkey. On June 16, 2020, the amendments passed through the parliament and entered into force on June 24, 2020 (“Amendment Law”). [1] According to the recital of the Amendment Proposal, these amendments aim at reflecting in the Law No. 4054, the Authority’s experience in over 20 years of enforcement and bringing Turkish competition law closer to the EU law. [2] The Amendment Law essentially (i) clarifies certain mechanisms in the Law no. 4054 which might have led to legal uncertainty in practice
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The Turkish Parliament approves amendments to the national competition law which introduces mechanisms for the selection of cases for the Authority to focus on, a substantive test for merger control, behavioral and structural remedies for anti-competitive conduct and procedural tools
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