Ringing the changes
SUPPLEMENT - TURKEY - June 01, 2009
In 2008 and early 2009 there were several important developments in competition legislation, mainly concerning administrative fines and new developments on competition law advocacy role of the Turkish Competition Board (Board). One of the major changes was an amendment to Article 16 of the Law on the Protection of Competition, No. 4054 (Competition Law), regarding both procedural and substantial administrative fines. The amendment in Article 16 also introduced explicit leniency rules. The implementation of these rules was unclear until two recent regulations were adopted concerning the implementation of leniency rules and administrative fines for anticompetitive agreements or conduct. Another major development is the sector report related to the liquid fuel market. The Board, following guidance from the Council of State, decided to interfere with the duration of usufruct rights indirectly connected to dealership agreements of service stations over competitive concerns regarding non-compete periods which had a great impact on the...
The rest of this article is available to subscribers only. Subscribe today for full access to this article.
Alternatively take a free trial, giving you access for 48 hours*.
If you are already a subscriber, please log in below to access the rest of this article.
*some articles may be excluded.