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ARTICLE · 08 APRIL 2021

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Newly Introduced Settlement Mechanism Under Turkish Competition Law

ELIG Gürkaynak Attorneys-at-Law
ELIG Gürkaynak Attorneys-at-Law
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ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law

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In an effort to take one step further in harmonizing the Turkish Competition Law with the EU legislation, the Turkish Competition Authority ("Authority") has recently introduced the settlement...

TurkeyAntitrust/Competition Law
Gönenç Gürkaynak
Gönenç Gürkaynak
Öznur İnanılır
Öznur İnanılır
Berfu Akgün
Berfu Akgün
Buğrahan Köroğlu
Buğrahan Köroğlu
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In an effort to take one step further in harmonizing the Turkish Competition Law with the EU legislation, the Turkish Competition Authority ("Authority") has recently introduced the settlement mechanism under Article 43 of the Law No. 4054 on the Protection of Competition ("Law No. 4054") and the relevant Draft Regulation on Settlements ("Draft Regulation").1

  1. A General Insight into the Settlement Mechanism Provisions under Law No. 4054

The main points of the new settlement mechanism have been set out in Article 43 of Law No. 4054 through the amendment in June 2020. Based on this, the Turkish Competition Board ("Board") may initiate the settlement process, in view of the procedural efficiencies and any differences of opinion regarding the existence or scope of the violation.

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