Competition Law Amended To Further Harmonize It With EU Law

The Law Amending the Law on the Protection of Competition was published in the Official Gazette dated 24 June 2020 and numbered 31165 ("Amending Law") and entered into force on the same day. The preamble of the Amending Law provides that the amendments aim to harmonize the Law on the Protection of Competition numbered 4054 ("Law no. 4054") with the European Union laws and to establish a modern competition legislation. To that end the Amending Law sets out various amendments to the Law no. 4054.

"Self-Assessment" System in Exemptions

The Amending Law removes the uncertainty in the wording of article 5 under the Law no. 4054 and clarifies that the assessment regarding the exemption conditions will be carried out directly by the relevant undertaking. However, an undertaking's right to lodge a clearance application before the Competition Authority for determination of the presence of the exemption conditions is reserved as well.