New Year – New Minimum Fines for Competition Law Violations in Turkey
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.…