Turkish Competition Law Guide For All Lawyers

Competition rules are applied in many countries around the world and the number of countries adopting competition laws are increasing day by day. In Turkey, hefty fines imposed by the Turkish Competition Authority, especially towards the undertakings, took interest of the public and it increased the awareness of competition law around the country. It should be underlined that, direct economic losses may result from acting contrary to the Competition Law. In cases where the Competition Board determines an infringement during its investigations, it can impose undertakings an administrative fine of up to 10% of their turnover of the previous year. Additionally, injured parties of the practices preventing competition may file an action for damages and the Courts may impose compensations up to the three times of the actual damage. Moreover, attorneys' fees, litigation costs from the actions for damages or compulsory expenditure made during the investigations made by the