Two-minute Recap of Recent Developments in Turkish Competition Law – December 2022

    In December 2022, the Turkish Competition Board (the “Board”) published two reasoned decisions and approved eighteen merger and acquisition transactions.

    The highlight of Turkish competition law in December was that the Board initiated a new full-fledged investigation and concluded three on-going investigations, including the much-anticipated extensive investigation of the fast-moving consumer goods industry.

    Board Fines the FMCG Companies for Hub-And-Spoke Cartel

    On 21 December, the Turkish Competition Authority announced that the Board had concluded

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