What's New?
The Law on Amending the Law No. 4054 on the Protection of
Competition ("Law No. 4054") was
published in the Official Gazette dated June 24, 2020 and No. 31165
and entered into force on the same day ("New
Law"). Previously, the Law No. 4054 entered
into force after being published in the Official Gazette dated
December 13, 1994 and No. 22140.
Changes Brought by the Law
The New Law brings many innovative changes to competition law
practices such as behavioral and structural measures; significant
impediments to effective competition test in mergers and
acquisitions; settlement and commitment procedures; and a de
minimis exception. These changes are expected to streamline
competition law enforcement and increase procedural efficiencies
for both undertakings and the Competition Authority
("Authority").
