Author: Prof. Dr. H. Ercument Erdem
Introduction
The Competition Board ("Board"), in its decision dated 19.07.2017 and numbered 17-23/383-1661 ("Decision"), examined the allegation that insurance companies operating in Turkey are engaged in concerted practices or agreements that limit and corrode competition by way of increasing prices, collectively, in the Motor Vehicles Compulsory 3rd Party Liability Insurance ("motor vehicles insurance" market, and that they apply excessive prices, and engage in market sharing. The Board decided in the decision by a large majority, that Article 4 of the Act on the Protection of Competition numbered 4054("Competition Act") 2 has not been breached by the undertakings and association of undertakings that have been investigated and, thus, there is no necessity to impose an administrative monetary fine upon the undertakings, pursuant to Article 16 of the said Competition Act. In this article, this important decision of the Board is examined.
