A. INTRODUCTION
Law No. 7511 on the Amendment of the Turkish Commercial Code and
Certain Laws (the “Amendment Law”)
published in the Official Gazette dated May 29, 2024 and numbered
32560 introduced some important amendments to the investigation
proceedings of the Act No. 4054 on the Protection of Competition
(the “Competition Act”). The Amendment
Law aims to make the investigation proceedings more effective and
expeditious.
B. SIGNIFICANT AMENDMENTS
1. Amendments Regarding the First Written
Defense
Prior to the Amendment Law, the second subsection of the art. 43
of the Competition Act titled as “Commencement of
Investigation, Undertaking and Settlement” stipulated that
the parties would submit their first written defense within 30 days
upon notification of the Competition Board's
(“Board”) decision to commence an
investigation within 15 days from the date of the decision.
