Two-Minute Recap - Competition Law Matters In Türkiye

An administrative fine was imposed on Novonesis

The Competition Board ("TCB") imposed an administrative fine of approximately TRY 285 million (approx. USD 6,7 million) on the Novonesis Group for excluding its competitors in the industrial enzymes market. This decision, the first of its kind in the sector, carries significant importance for safeguarding competition in the market. The TCB concluded that the company abused its strong market position to outcompete rivals. During the investigation, it was found that Novonesis guaranteed its customers better prices than competitors under all circumstances, offered additional discounts in exchange for higher purchase volumes, and imposed conditions requiring customers not to purchase rival products. These practices were assessed as exclusionary conduct aimed at foreclosing competitors from the market, leading the TCB to determine that Novonesis had abused its dominant position. As a result, the company was fined TRY 285