New Development
On 9 August 2021, the Turkish Competition Authority
("Authority") announced on its official
website that its investigation against Türk Philips Ticaret
A.Ş. ("Philips Turkey"), Dünya
Dış Ticaret Ltd. Şti., Melisa Elektrikli ve
Elektronik Ev Eşyaları Bilg. Don. İnş. San.
Tic. A.Ş., Nit-Set Ev Aletleri Paz. San. ve Tic. Ltd.
Şti. and GİPA Dayanıklı Tüketim
Mamülleri Tic. A.Ş. was concluded with the newly
introduced settlement mechanism for each investigation party
through the Turkish Competition Board's
("Board") decision dated 5 August 2021
and numbered 21-37/524-258. You may find the original Turkish
version of the announcement
here.
The Board decided to launch the relevant investigation following
the preliminary investigation initiated against Philips Turkey
based upon the allegation that Philips Turkey violated Article 4 of
the Law No. 4054 on the Protection of Competition
("Competition Law") through restricting
its authorized dealers'
