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Automotive Sector: €27 Million Fine In A Car Lightning Systems Cartel Settlement In The EU

Anticompetitive Practices, ReandaBlogBy Fevzi Toksoy Leave a comment

On 21 June 2017 the European Commission sanctioned car lightning system producers a total of EUR 26 744 000 for participating in a cartel. One of the cartel participants was fully immune from fines due to leniency application. All cartel participants admitted their fault and agreed to settle as a result of which their fine…

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

ReandaBlog, Reports & Legislative UpdatesBy Fevzi Toksoy Leave a comment

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.…