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A New Era in Administrative Fines Imposed by the Competition Board: The New Penalty Regulation, Significantly Differing from the Previous One, Entered into Force on December 27, 2024.

The "Regulation on Administrative Fines to be Imposed in Cases of Agreements, Concerted Practices, and Decisions Restricting Competition and Abuse of Dominant Position," which outlines the principles and procedures for determining administrative fines imposed for violations prohibited under Articles 4 and 6 of Law No. 4054 on the Protection of Competition, was published in the Official Gazette dated December 27, 2024, numbered 32765, and entered into force. The newly adopted Penalty Regulation has repealed the previous Penalty Regulation, which had been in effect for nearly 15 years.The New Penalty Regulation introduces provisions that significantly differentiate it from the previous Regulation. Under the prior Regulation, the base fine rate was determined based on the type of violation, categorized as "cartels" or "other violations." However, in a major shift, the new Regulation does not adopt such categorization. Similarly, the new Regulation removes the lower and upper limits based on the "cartel" and "other violations" distinction.

The Turkish Competition Authority has conditionally granted approval for the acquisition of all shares of BP Petroleum and BP Turkey by Petrol Ofisi, upon acceptance of the submitted commitments.
The Turkish Competition Authority has conditionally granted approval for the acquisition of all shares of BP Petroleum and BP Turkey by Petrol Ofisi, upon acceptance of the submitted commitments.

The Turkish Competition Authority has conditionally granted approval for the acquisition of all shares of BP Petroleum and BP Turkey by Petrol Ofisi, upon acceptance of the submitted commitments. In its review concerning the acquisition of all shares of BP Petroleum Inc. and BP Turkey Refining Limited by Petrol Ofisi Inc., the Competition Authority conducted a detailed assessment of the transaction's effects across all stages of the fuel sector, including supply, distribution, storage, and retail sales. It concluded that the transaction could raise competitive concerns regarding the market power that the combined entity would hold in 61 geographic areas for B2C retail sales of gasoline, diesel, and autogas-LPG.