Reconciliation Process Following Its Second Year

I- Reconciliation Process in General

The mechanism of reconciliation was introduced to competition law with the amendment made to the fifth paragraph of Article 43 of the Competition Protection Law numbered 4054 ("Law") by the law numbered 7246 and dated 16.06.2020. As per this newly introduced mechanism, Competition Board ("Board") may commence reconciliation process and decide to end the investigation either with the request of the interested parties or on its own motion, by taking into consideration the procedural benefits of quick finalization of the investigation process and the existence or scope of the breach.

Within the scope of reconciliation process, the Board may decide to end the investigation with respect to the concerned parties and make a deduction in the administrative fine between 10% to 25% upon the submission by the concerned parties a reconciliation text accepting the existence and scope of the breach and other related issues. The concerned