New 2017 year brought an increase of the minimum administrative fines by 3,83% for the competition law violations in Turkey, such as provision of false or misleading information/documents, M&A without the authorization of the Turkish Competition Authority (“TCA”), hindering the on-spot-inspections.
As of 1.01.2017 the level of minimum administrative fines shall constitute TRY 18.377 (approx. EUR 4443,22). It will be in force until 31.12.2017.
Mustafa Ayna
