WEBINAR
3 May 2022

Webinar: Contemporary Developments In Turkish Competition Law: Effects Of The Recently Revised Law

EG
ELIG Gürkaynak Attorneys-at-Law

Contributor

ELIG Gürkaynak Attorneys-at-Law is an eminent, independent Turkish law firm based in Istanbul. The firm was founded in 2005. ELIG Gürkaynak is committed to providing its clients with high-quality legal services. We combine a solid knowledge of Turkish law with a business-minded approach to develop legal solutions that meet the ever-changing needs of our clients in their international and domestic operations. Our legal team consists of 90 lawyers. We take pride in being able to assist our clients in all fields of law. Our areas of expertise particularly include competition law, corporate law, M&A, contracts law, white collar irregularities and compliance, data protection and cybersecurity law, litigation and dispute resolution, Internet law, technology, media and telecommunications law, intellectual property law, administrative law, real estate law, anti-dumping law, pharma and healthcare regulatory, employment law, and banking and finance law.
The presentation will explain recent amendments introduced to the Law No. 4054 on Protection of Competition as of June 24, 2020.
Turkey Antitrust/Competition 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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