With its Forex Decision No. 20-32/397-179 dated 2 July 2020
("Board Decision"), the Turkish
Competition Board ("Board") fined
certain banks on the grounds that they failed to provide the
information that the Turkish Competition Authority
("Authority") requested in the scope of
a preliminary investigation. On Wednesday, 2 March 2022, the
Authority published on its website the Ankara Administrative Court
3rd Division's ("Court") judgments
on certain appeals against the Board Decision. The Court annulled
the Board Decision against some of these banks
("Banks"). You may access the
judgments' original Turkish versions on the Authority's
website.
The Board Decision
With its Decision No. 20-05/48-M dated 17 January 2020, the
Board launched a preliminary investigation against the Banks to
assess whether the banking and financial institutions active in
Turkey (and their representative offices) violated Law No. 4054 on
the Protection of Competition ("Law No.
4054") with
