Investigation about Erbak Uludağ Pazarlama Satış ve Dağıtım AŞ concluded

Summary:

The Competition Board of Turkey has concluded its investigation into Erbak Uludau00c4u0178 Pazarlama Satu00c4u00b1u00c5u0178 ve Dau00c4u0178u00c4u00b1tu00c4u00b1m Au015e, a company operating in the fast-moving consumer goods sector, to determine whether it had violated Article 4 of the Act no 4054 on the Protection of Competition by setting resale prices for its buyers. The investigation was initiated on May 5, 2023, and was terminated on October 5, 2023, following the acceptance of a settlement text submitted by the company.

The settlement procedure was initiated under Article 43(5) of the Act, which was amended to introduce this mechanism in 2020. The Board may start a settlement procedure at the request of the parties concerned or on its own initiative, taking into account the procedural benefits of a rapid resolution of the investigation process and the differences in opinion regarding the existence and scope of the infringement.

As part of the settlement procedure, the company submitted a text that was accepted by the Board, leading to the termination of the investigation. The decision to terminate the investigation is not without appeal, and can be appealed before the Ankara Administrative Courts.

The lack of additional information regarding the allegations and findings of the investigation, as well as the specific terms of the settlement, limits the scope of the summary. However, it is evident that the Board has concluded its investigation and accepted the company’s settlement proposal, bringing the matter to a close.