A Statistical Study For The Turkish Competition Authority's Settlement Mechanism

1. Introduction

The settlement mechanism has been introduced to the Turkish competition law practice by the Law No. 7246 Amending the Law No. 4054 on the Protection of Competition, which was entered into force on 24 June 2020. Upon the introduction of the settlement mechanism within the scope of the Law No. 4054 on the Protection of Competition ("Law No. 4054"), the secondary legislation of the settlement mechanism entitled "Regulation on the Settlement Procedure Applicable in Investigations on Agreements, Concerted Practices, and Decisions Restricting Competition and Abuses of Dominant Position" ("Settlement Regulation") was entered into force on July 15, 2021.

Settlement mechanism provides the undertakings with the possibility of receiving a discount at a rate between 10% - 25% over the administrative monetary fine to be imposed on the undertakings. However, as discussed further below, settling with the Turkish Competition Authority ("Authority") may also