Draft Bill to Amend the Turkish Competition Law

Turkish Competition Authority (“Authority”) prepared a Draft Bill (“Draft Bill”) in order to amend the Law on Protection of Competition with numbered 4054 (“Competition Law”) recently and shared it with various institutions to receive their opinions and evaluations.

The ground for preparing the Draft Bill is set out to be the requirement to keep the regulations up with the new business models that emerge with the improving technology and digitization. Further, there is a notion worldwide that as digital platforms gain value, this negatively affects competition and the competitive environment, and also, unfair practices in digital markets such as high prices, low quality, and ultimately results in ineffective and undesirable consequences that may be harmful for the consumers.