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ARTICLE · 19 NOVEMBER 2009

Turkish Competition Board

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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Subsequent to the amendments to Law no. 4054 on the Protection of Competition (“Law No. 4054”), by way putting into effect Law no. 57281 , the Turkish anti trust regime introduced stricter and more deterrent fining regime, coupled with a leniency and immunity program for companies.

TurkeyAntitrust/Competition Law
Gönenç Gürkaynak
Gönenç Gürkaynak
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New season warms up as the Turkish Competition Board turns the spotlight on automotive, pharmaceutical, banking and media sectors by initiating four new cartel investigations

Subsequent to the amendments to Law no. 4054 on the Protection of Competition ("Law No. 4054"), by way putting into effect Law no. 57281 , the Turkish anti trust regime introduced stricter and more deterrent fining regime, coupled with a leniency and immunity program for companies. In light of this trend, the Turkish Competition Authority ("the Board") had been busy over the last year trying to reinforce the cartel regulations with the new Regulation on Active Cooperation for Discovery of Cartels ("Regulation on Leniency") which entered into force in February, 2009. Although couple of investigations, such as the Peugeot distributors investigation, were launched following the new set of rules, it would not be wrong to state that the Board has been rather on hold for the last couple of months.

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