
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 The newly adopted Penalty Regulation has repealed the previous Penalty Regulation, which had been in effect for nearly 15 years.The New Penalty Regulation introduces provisions that significantly differentiate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.
09 Jan 2025
Devamını Oku