Competition Law in Turkey: Reconciliation process
October 24, 2022
The mechanism of reconciliation was introduced to competition law with the amendment made to the fifth paragraph of Article 43 of the Competition Protection Law numbered 4054 (Law) by the law numbered 7246 and dated 16.06.2020. As per this newly introduced mechanism, Competition Board (Board) may commence reconciliation process and decide to end the investigation either with the request of the interested parties or on its own motion, by taking into consideration the procedural benefits of quick finalization of the investigation process and the existence or scope of the breach.
