Competition Law | Articles
First Implementation of the Settlement Mechanism Upon the Recent Publication of the Settlement Regulation
As known, the Law No. 4054 on the Protection of Competition (“Competition Law”) had undergone amendments with the Law No. 7246 dated June 16, 2020, introducing the settlement mechanism to Article 43. In line with this, the Regulation on the Settlement Procedure for Investigations on Anticompetitive Agreements, Concerted Practices, Decisions and Abuse of Dominant Position ("Settlement Regulation") was recently published in the Official Gazette dated July 15, 2021 and numbered 31542, entering into force on the same day.