(1) Introduction
The Turkish Competition Authority
("Authority") has recently
published a decision concerning a leniency application submitted by
Arçelik Pazarlama A.S.
("Arçelik" or
"Applicant") - one of the
leading manufacturers of white appliances in Turkey.1
The case and the subsequent decision are interesting in various
aspects. Firstly, Arçelik submitted a set of documents
attesting to an employee`s exchange of commercially and
competitively sensitive information with its competitor Vestel
Ticaret A.S. ("Vestel"), under
a leniency application, taking the risk of not being granted full
immunity from the fines given that a possible violation stemming
from exchange of competitively sensitive information is not covered
by the Turkish leniency regulation. Secondly, while the Competition
Board ("Board") did establish
that there was an exchange of competitively sensitive information,
it refrained from categorizing it as a violation within the meaning
of the Law