The investigation conducted to determine whether NAOS İstanbul Kozmetik San ve Tic. Ltd. Şti. violated article 4 of the Act no 4054 was concluded.

It has been decided that the investigation initiated per the Competition Board decision dated 20.10.2022 and numbered 22-48/696-M(4) will be terminated with the acceptance of the settlement text submitted by the party according to the Competition Board decision dated 12.01.2023 and no 22-03/29-12.

As known, within the scope of the settlement procedure,  which was brought to competition law legislation as a result of the amendments made to article 43(5) of the Act no 4054 on the Protection of Competition according to the Act dated 16.06.2020 and numbered 7246,  the Board may start the settlement procedure on the request of the parties concerned or on its own initiative taking into account the procedural benefits that may arise from a rapid resolution of the investigation process and the differences in opinion concerning the existence and scope of the infringement, and decide to conclude the investigation.

Click here for the text of the pronouncement of the decision dated 12.01.2023 and numbered 23-03/29-12, the reason for which will be notified later and which can be appealed before Ankara Administrative Courts.