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ARTICLE · 04 MARCH 2009

A New Era In Turkish Antitrust Enforcement: Leniency Program And Regulation On Fine Calculation

ELIG Gürkaynak Attorneys-at-Law
ELIG Gürkaynak Attorneys-at-Law
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ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law is an eminent, independent Turkish law firm based in Istanbul. The...

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The Turkish Competition Authority Has Enacted the Expected Secondary Statutory Regulations on the Details of the Leniency Program and Monetary Fines.

TurkeyAntitrust/Competition Law
Gönenç Gürkaynak
Gönenç Gürkaynak
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The Turkish Competition Authority Has Enacted the Expected Secondary Statutory Regulations on the Details of the Leniency Program and Monetary Fines

Now that the recently-enacted amendments to Law no. 4054 on the Protection of Competition ("Law No. 4054") have introduced a stricter and more deterrent fining regime, coupled with a leniency and immunity program for companies; the implementation steps for the new revised legislation are now being taken. Hot off the Turkish Official Journal, the regulation on "Active Cooperation for Discovery of Cartels" ("Regulation on Leniency") and the regulation on "Monetary Fines for Restrictive Agreements, Concerted Practices, Decisions and Abuses of Dominance" ("Regulation on Fines") will undoubtedly have a booming effect among the competition law circles in Turkey.

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