The investigation launched in accordance with the Competition Board decision dated 27.06.2024 and numbered 24-27/644-M in order to determine whether Koroplast Temizlik ve Ambalaj Ürünleri Sanayi ve Dış Ticaret AŞ violated Article 4 of the Act no 4054 on the Protection of Competition by maintaining resale prices of its buyers has been concluded.

The settlement text submitted by Koroplast Temizlik ve Ambalaj Ürünleri Sanayi ve Dış Ticaret AŞ during the investigation was accepted with the Competition Board decision dated 03.10.2024 and numbered 24-40/945-406, and the investigation was concluded with a settlement.

Accordingly, Koroplast Temizlik ve Ambalaj Ürünleri Sanayi ve Dış Ticaret AŞ acknowledged that it maintained the resale prices of its buyers and thus violated Article 4 of the Act no 4054 on the Protection of Competition. A 25% discount was applied to the administrative fine since the investigation was concluded through the settlement procedure, and an administrative fine of 31,209,736.96 TL was imposed on Koroplast Temizlik ve Ambalaj Ürünleri Sanayi ve Dış Ticaret AŞ.

As known, under the framework of the settlement procedure introduced to the competition law legislation with the amendment made in Article 43.5 of the Act no 4054 on the Protection of Competition by the Act dated 16.06.2020 and numbered 7246, the Board may initiate the settlement procedure in response to a request of the relevant parties or on its own initiative, taking into account the procedural benefits that may arise from a rapid conclusion of the investigation process and the differences in opinion relating to the presence or scope of the violation, and conclude the investigation.