News and developments
Digital Economy Maneuver from the Turkish Competition Authority
Turkish Competition Authority (“Authority”) underlined the followings with its announcement (“Announcement”) dated 8 May 2020:
In parallel with the recent developments in the digital economy both globally and locally, a requirement has emerged for competition authorities to closely follow up the effects of multilateral platforms and algorithm usages on markets and consumers.
Considering the reach of the competitive violations based on big data and algorithms as well as the difficulty in detection, customary practices and approaches seem to remain incapable of overcoming the problems to arise in this area.
Turkish Competition Authority (“Authority”) underlined the followings with its announcement (“Announcement”) dated 8 May 2020:
In parallel with the recent developments in the digital economy both globally and locally, a requirement has emerged for competition authorities to closely follow up the effects of multilateral platforms and algorithm usages on markets and consumers.
Considering the reach of the competitive violations based on big data and algorithms as well as the difficulty in detection, customary practices and approaches seem to remain incapable of overcoming the problems to arise in this area.Within this scope, closely following up the potential competitive violations that such platforms may cause and the digital economy itself, the Authority has taken a proactive maneuver, with the Competition Board’s (the “Board”) decision dated 7 May 2020 numbered 20-23/307. Consequently, following activities are included within the scope of the Department of Strategy Development’s tasks:
Please see this link for the full text of the Announcement.