Competition Law in Turkey

The Turkish Commercial Code and the Competition Law are the primary legal sources protecting competition in Turkish markets. The Turkish Commercial Code deals with unfair competition arising out of deceptive and misleading practices whereas the Competition Law regulates prohibited actions and exemptions thereto, abuse of dominant position, clearances for certain mergers and acquisitions exceeding the relevant monetary thresholds and administrative measures to protect the markets. It is fair to say that the Competition Law and its secondary legislation are substantially aligned with European Union competition legislation. The Competition Authority is the main body responsible for monitoring and enforcing the Turkish competition legislation and has the authority to, ex oicio or upon application, inquire and investigate undertakings and transactions that may be in breach of Turkish competition legislation.