Vertical Agreements
"What is the block exemption for vertical agreements in Turkey?"
Quick Answer
Vertical agreements are exempt from competition law prohibition if supplier's market share is below 40%. Certain hardcore restrictions like resale price maintenance are prohibited.
Commercial Law Framework
Vertical Agreements is governed by the Turkish Commercial Code No. 6102, which provides comprehensive rules for commercial activities. This modern legislation aligns with international commercial practices.
Key Points to Remember
- Turkish Commercial Code applies to all commercial activities
- Trade registry registration provides legal certainty
- Commercial practices and customs are recognized
- Competition law compliance is essential
Business Implementation
Understanding Turkish commercial law requirements is essential for any business operating in Turkey. This includes proper corporate governance, contractual relationships, and regulatory compliance.
Foreign companies should work with local counsel familiar with both Turkish commercial practices and international business standards.
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