WEBINAR DETAILS
Date: 29 September 2020
Time: 2:00 PM UTC
Duration: 60 min
Language: English
Format: Online
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WEBINAR DESCRIPTION

Turkey: Contemporary Developments in Turkish Competition Law: Effects of the Recently Revised Law

The presentation will explain recent amendments introduced to the Law No. 4054 on Protection of Competition as of June 24, 2020. After rounds of revisions and failed attempts of enactment over a span of several years, the proposal for an amendment to the Law No. 4054 on Protection of Competition has finally been approved by the Turkish parliament. Amendment Law essentially (i) clarifies certain mechanisms in the Law No. 4054 which might have led to legal uncertainty in practice to a certain extent and (ii) introduces new mechanisms as to the selection of cases for the Competition Authority to focus on, a new substantive test for merger control, behavioral and structural remedies for anti-competitive conduct and procedural tools enabling the Board to end its proceedings in certain cases without going the whole nine yards when the parties opt for commitments or settlement. The presentation will especially focus on (i) de minimis principle, (ii) SIEC test, (iii) behavioral and structural remedies for anti-competitive conduct, and (iv) commitment and settlement procedures introduced by the Amendment Law. Finally, amendments regarding on-site investigation process and self-assessment procedure will also be explained.”
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SPEAKERS
Gönenç Gürkaynak
Mr. Gönenç Gürkaynak is a founding partner of ELIG Gürkaynak Attorneys-at-Law, a leading law firm of 90 lawyers based in Istanbul, Turkey. Mr. Gürkaynak graduated from Ankara University, Faculty of Law in 1997, and was called to the Istanbul Bar in 1998. Mr. Gürkaynak received his LL.M. degree from Harvard Law School, and is qualified to practice in Istanbul, New York, Brussels and England and Wales (currently a non-practising Solicitor). Before founding ELIG Gürkaynak Attorneys-at-Law in 2005, Mr. Gürkaynak worked as an attorney at the Istanbul, New York and Brussels offices of a global law firm for more than eight years.
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