Amendments To The Turkish Competition Legislation

1. Introduction

On June 24, 2020, Law numbered 7246 Amending the Law on Protection of Competition numbered 4054 (“Amending Law”) has been published in the Official Gazette numbered 31165 and entered into force in the same day.

As per the Amending Law's preamble, its purposes were to increase the alignment between Law on the Protection of Competition numbered 4054 (the “Law”) and the relevant European Union competition legislation (“EU Competition Law”) and modernize the Law for it to address continuous changes occurring within markets. In this framework, the Amending Law provides the following noteworthy changes:

• implementation of the commitment mechanism within preliminary and full-fledged investigations, which do not involve severe and hardcore infringements,