Wired: Antitrust Actions in Foreign Countries Cause Tech Giants to Change Business Practices Worldwide
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Wired: Antitrust Actions in Foreign Countries Cause Tech Giants to Change Business Practices Worldwide
breitbart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breitbart.com Daily Mail and Mail on Sunday newspapers.
Introduction
The Turkish Competition Authority
(“
Authority”) has recently
published its Draft Communiqué on Commitments Offered During
Preliminary Investigations and Investigations on Restrictive
Agreements, Concerted Practices, Decisions and Abuse of Dominance
(“
Draft Communiqué”)
which has introduced a new commitment mechanism to Turkish
competition law enforcement. This mechanism makes it possible for
the undertakings and trade associations to offer commitments during
an ongoing preliminary investigation or a full-fledged
investigation process, in order to eliminate potential competition
concerns under Articles 4 and 6 of the Law No. 4054 on the
Protection of Competition (“
Law No.
4054”) that prohibit restrictive agreements and
abuse of dominance.
The primary legal basis of the commitment mechanism is Article
Turkey: Merger Control Trends in Turkish Competition Law
The webinar will provide comprehensive explanations and examples on recent merger control trends in Turkish competition law, while accentuating recent amendments introduced to the Law No. 4054 on Protection of Competition as of June 24, 2020.
Amendment Law essentially (i) clarifies certain mechanisms in the Law No. 4054 which might have led to legal uncertainty in practice to a certain extent and (ii) introduces new mechanisms as to the selection of cases for the Competition Authority to focus on, a new substantive test for merger control, behavioral and structural remedies for anti-competitive conduct.
Last year, the Turkish Competition Board has overall assessed 208 transactions. Mr. Gönenç Gürkaynak, the founding partner of ELIG Gürkaynak Attorneys-At-Law, will provide guidance on merger control trends, recently introduced amendments to Law No. 4054 and Turkish Competition Board’s precedents. Main topics of