In practice, it is significantly important to evaluate commercial activities and some actions of our client companies within the scope of Law numbered 4054. As it is known, it is necessary for companies to have some technical and legal works such as providing exemption decisions within the scope of Law numbered 4054, informing Competition Board about activities that inhibit competition, and etc. At this point, ONGUR&PARTNERS carries out a professional teamwork for determination and implementation of needs of the client in terms of Competition Law.
Competition is one of the most important elements that ensure market economy to function strongly in modern law systems. In fact, three main issues that inhibit competition are regulated under Law numbered 4054 within this framework. These can be listed as in the followings:
- Abuse of dominant position;
- Anticompetitive compatible actions and agreements;
- Mergers and transfers that negatively affect competition. These are regulated and controlled by Competition Authority, and also, sector actors can face various administrative procedures and actions with regards to abovementioned issues.
It is significantly important for the companies, who intend to display commercial activities complying with the laws by being away from administrative challenges in the sector, to have technical and legal support from experts of competition law in terms of preventing challenges before they arise as well as high amount of administrative pecuniary penalties.
(1) Article 16(6) of the Act No. 4054 on the Protection of Competition (the Act) provides that fines mentioned in Article 16(3) and 16(4) may not be imposed to those making an active cooperation with the Competition Authority (the Authority) for purposes of revealing contrariness to the Act, or reductions may be made in penalties to be imposed pursuant to such paragraphs taking into consideration the quality, efficiency and timing of cooperation and by means of ...
THE ACT ON THE PROTECTION OF COMPETITION
Act No: 4054 Date of Adoption: 7/12/1994 Official Gazette of Its Publication: Date: 13/12/1994 Number: 22140 Code of Its Publication: Series: 5 Volume: 34 Page:
Purpose, Scope, Definitions
Purpose Article 1- The purpose of this Act is to prevent agreements, decisions and practices preventing, distorting or restricting competition in markets for goods a...