Settlement as a Streamlined Process: Should Turkey Adopt a Settlement Procedure?
The Second Academic Gift Book of ELIG Gürkaynak Attorneys-at-Law on Selected Contemporary Competition Law Matters 373-411 (2019), ISBN: 978-605-315-352-8
49 Pages Posted: 14 Jun 2019
Date Written: March 2019
Over the years,for combatting cartels competition enforcement authorities have introduced and utilized various instruments, among which settlement procedure is an efficiency-enhancing instrument that is designed to increase effectiveness and which incentivizes and rewards tangible contributions by undertakings to procedural efficiency.
This article seeks to assess the settlement procedure and revitalize it as an effective procedural tool to be adopted by competition enforcement regimes. In this context, this article also discusses whether settlement procedure should be incorporated into the Turkish competition law regime. In order to demonstrate the highly rewarding nature of the settlement procedure, this article will also focus on its incentives (as well as the envisaged benefits and drawbacks) without disregarding other aspects of the process that may pose certain risks for the fight against cartels.
Keywords: settlement procedure, cartels, competition enforcement, competition law
JEL Classification: K21, L40
Suggested Citation: Suggested Citation