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Amendments to the Turkish Commercial Code and Competition Legislation under Law No. 7511

Law No. 7511 has made significant amendments to the Turkish Commercial Code, the Act on the Protection of Competition No. 4054 and other related legislation. We examine the changes made to Articles 34, 43 and 45 of the Act.

Published 23 September 2024

Significant amendments were made to the Turkish Commercial Code No. 6102, the Act on the Protection of Competition No. 4054 (the “Act”) and other related legislation by Law No. 7511.

Law No. 7511 has in particular abolished the right to a first written defence granted to the parties in investigations conducted by the Competition Board (the “Board”). This Law has amended Articles 34, 43 and 45 of the Act.

Article 43, Governing Investigations, Commitments and Settlement

Where the Board takes a decision to open an investigation into an undertaking, that decision will be notified to the parties concerned within 15 days of the date on which it was taken. Previously, the Act granted the parties to an investigation the right to submit their first written defence within 30 days of notification of the investigation; Law No. 7511 has removed this requirement.

Article 45, Governing Notification and Response

At the end of the investigation the Board will prepare a report, and that report will be served on the members of the Board and on the parties concerned. The parties will be granted a period of 30 days from service of the report in which to exercise their right of defence. Where a justified ground is put forward, that period may be extended on one occasion only. Under the previous provision, the officials conducting the investigation were to submit an additional opinion on the defences within 15 days; with the amendment, the officials are to state an opinion only where there is a change in the views set out in the report, the aim being to expedite the investigation.

Article 34, Governing the Status of the Authority’s Personnel

The Authority’s staffing establishment and post titles are set out in the schedule annexed to the Act. The Board is obliged to act in accordance with that schedule in matters of staffing arrangements. With the amendment, Article 34 provides a clearer and more detailed framework for staffing arrangements and seeks to remove uncertainties. This amendment involves the re-enactment of the paragraph annulled by the Constitutional Court’s decision dated 9 November 2022, no. E: 2020/67, K: 2022/139, and the clarification of the Board’s powers.

Disclaimer — This document has been prepared for general information purposes only and does not constitute legal advice or the provision of legal services. Its content reflects the legislation and settled practice in force at the date of preparation and may cease to be current as a result of legislative amendments or judicial decisions. Professional legal advice should always be obtained before acting on any specific matter.

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