Competition Board’s Recent Examinations in the Electricity Sector: Back to the Past

February 2017 Mert Karamustafaoğlu
% 0

Introduction

By its recently initiated three investigations, Akdeniz Elektrik Dağıtım A.Ş.[1] (“Akdeniz Elektrik), Enerjisa[2], and Gediz-Aydem[3], the Competition Board signals that it will adopt a more active policy in the coming days in the electricity sector. The problems with regard to the dominant positions of electricity distribution companies due to their market power in their areas, and the adaptation difficulties with respect to the legal unbundling principles, are familiar problems in the electricity sector.[4] However, in 2014, it was claimed that the distribution companies engaged in various practices to complicate the operations of independent providers and prevent the exercise of consumers’ rights to choose their own providers.[5] Moreover, although the Competition Board’s Sector Inquiry in Electricity Wholesale and Retail Sale Markets (“Sector Inquiry”) examined these claims in detail, the Competition Board decisions did not made any determinations as to breach.

The Competition Board’s repetitive approach with regard to the pre-investigations of distribution companies was the most debated issue: This is because the Competition Board was not initiating investigations, but stating that the pre-investigation claims may be considered to be anti-competitive acts. This issue is the most debated issue in the aforementioned decisions. These decisions state that the distribution companies engaged in various practices to complicate the operations of independent providers, thereby preventing the exercise of consumers’ rights to choose their own providers.

These anti-competitive acts may deeply affect the liberalization process in the electricity sector. The dissenting votes almost always addressed that the above-mentioned claims are very significant, which must be followed through investigations. Moreover, in the aforementioned decisions, the case handlers also requested investigations to be conducted, but the Competition Board refused these requests in turn. However, approximately two years afterward, the Competition Board has taken much the same claims more seriously, and has opened investigations. The change of action indicates the future attitude of the Competition Board.

The Previous Decisions in the Distribution Sector

The privatization process in the electricity distribution sector, which started with the privatization of TEDAŞ in 2005, is completed through the privatization of Dicle Elektrik Dağıtım A.Ş.[6] The above-mentioned decisions, and particularly the 2014 decisions, signal today’s developments in many aspects.

The complaints with regard to the distributor’s activities in the electricity sector frequently appeared before the Competition Board prior to 2014[7]. However, the above-mentioned decisions indicate that these complaints were rejected by the Competition Board on the grounds that the specializations were recently completed, and the legal unbundling activities had recently begun. These decisions state that there is insufficient evidence to prove the allegations, and the preliminary examinations were sufficient to warn the distribution companies.

However, within the same year, the Competition Board opened new pre-investigations with regard to much the same undertakings, with similar allegations. In that period, the Competition Board’s application of Article 9/3 of the Protection of the Competition Act numbered 4054 (“Competition Act”), instead of opening investigations, was highly criticized. According to Article 9/3 of the Competition Act, the Competition Board may send an opinion to the undertakings concerned regarding how to terminate the infringement. Accordingly, in the aforesaid decisions, the Competition Board decided to send a warning to the undertakings concerned intending to terminate the examinations against liberalization. Moreover, the Competition Board decided that the acquired information and documents should also be sent to the Energy Market Regulatory Board (“EMRA”), which was conducting a similar examination at that point.

This situation was complex at first glance. Firstly, the Competition Board had not qualified the claims as insignificant or insufficient. At the same time, it had not opened an investigation, nor had it made a more detailed examination. The Competition Board clearly stated that according to the obtained evidence, the activities of distributors cause problems in terms of liberating the electricity sector, meaning that these activities cause problems in terms of providing proper competition; however, it did send a written warning on this issue. In addition, it intended for the EMRA to examine this issue within the scope of sectoral regulations by sending it the obtained information and documents. In other words, the Competition Board preferred the EMRA to solve this issue, which may be considered to be a violation of competition, according to the regulation. In a sense, the Competition Board preferred to terminate the violation by way of sectoral regulation, instead of through the application of competition law.

Another interesting issue about the decisions in the aforesaid period is that the case handlers who had requested that an investigation be initiated concerning CLK and Enerjisa, despite the Competition Board’s view, had also adopted the Competition Board’s view in the subsequent Gediz-Aydem decision. Accordingly, the case handlers found sufficient it expedient to send a warning according to Article 9/3, instead of opening an investigation. On the one hand, the case handlers in the Gediz-Aydem decision found it unfair to request an investigation against the undertakings concerned, considering the resolution of the CLK and Enerjisa decisions.

Sector Inquiry and Future Signals

The Sector Inquiry was published in the year following the Competition Board’s highly disputed distribution decisions. The expert group that wrote the Sector Inquiry are virtually identical to the case handlers in the above-mentioned decisions in the distribution market. On the other hand, the Sector Inquiry comprises more stable and accurate observations than the aforesaid decisions. The Sector Inquiry particularly states that the authorized supply companies, which are of the same economic integrity as the distribution companies, engage in various practices to complicate the operations of independent providers and prevent the exercise of consumers’ right to choose their own providers[8]. The Sector Inquiry provides that the above-described action hinders the competition in the electricity sector. In this sense, the Sector Inquiry makes more specific determinations about the reasons for these problems, and also determines several “to do lists” for the future[9]. It highlights that more effort should be made as to legal unbundling, as it not at a desired level. Also, it states that it is important to inform consumers about alternative suppliers, as well as supplier changing opportunities. It is emphasized that for this purpose, the consumers should be informed particularly concerning the prices. Accordingly, several obstacles to consumers to change their suppliers should be abolished. The Sector Inquiry’s most important message for future is that problems arising from insufficient legal unbundling between distribution companies and independent supplier companies, such as information exchange, are important obstacles with respect to liberalization. The Sector Inquiry expresses that the recommended manner through which to abolish these issues is efficient supervision and detailed regulations. In other words, the Sector Inquiry highlights the need for efficient supervision on this issue and, therefore, requests opening investigations on these actions.

Conclusion: Back to the Past

“Crazy Ivan maneuver” is a maneuver type that was used by Soviet submarines during the cold war era, in order to clear their baffles to ascertain whether or not they were being followed. These submarines were easily followed by minor American submarines, since their back fans were black spots, thereby rendering American submarines to be invisible. For this reason, according to this maneuver, submarines turn 180 degrees, instantly, to see if they are being followed by an enemy submarine that the black spot on the back of their submarines have rendered invisible.[10] It is said that this maneuver builds great fear and is very efficient.

The Competition Board’s investigations in the electricity distribution sector, which began in late 2016, and in the beginning of 2017, are actually a continuation of a process that began in the past. These decisions are almost identical to distribution decisions from 2014, including the companies within the scope of investigation and order. In this sense, the Competition Board has made a “Crazy Ivan Maneuver.” However, this is not a surprise for those who follow the sector closely, and who read the Sector Inquiry, carefully. Indeed, the Board is doing the things that it stated before, and follows the route that it previously determined. These recently begun investigations will indicate how seriously these warnings have been taken by the electricity distribution sector since 2014. The following period will be a test of competition law in the electric distribution sector.

[1] For the announcement dated 9.8.2016 of investigations concerning Akdeniz Elektrik Dağıtım A.Ş., CLK Akdeniz Elektrik Perakende Satış A.Ş. ve Ak Den Enerji Dağıtım ve Perakende Satış Hizmetleri A.Ş., see; http://www.rekabet.gov.tr/tr-TR/Guncel/Akdeniz-Elektrik-Dagitim-AS-CLK-Akdeniz-Elektrik-Perakende-Satis-AS-Ve-Ak-Den-Enerji-Dagitim-Ve-Perakende-Satis-Hizmetleri-AS-Hakkinda-Sorusturma-Acildi (Date of access: 06.03.2017).

[2] For the announcement dated 27.1.2017 of investigations concerning distribution areas that are included in the Enerjisa Group, see; http://www.rekabet.gov.tr/tr-TR/Guncel/Enerjisa-Enerji-AS-Toroslar-Elektrik-Dagitim-AS-Enerjisa-Toroslar-Elektrik-Perakende-Satis-AS-Baskent-Elektrik-Dagitim-AS-Enerjisa-Baskent-Elektrik-Perakende-Satis-AS-Istanbul-Anadolu-Yakasi-Elektrik-Dagitim-AS-ve-Enerjisa- (Date of access: 06.03.2017).

[3] For the investigation concerning Bereket Enerji, see .http://www.rekabet.gov.tr/tr-TR/Guncel/ADM-Elektrik-Dagitim-AS-Aydem-Elektrik-Perakende-Satis-AS-GDZ-Elektrik-Dagitim-AS-Gediz-Elektrik-Perakende-Satis-AS-Bereket-Enerji-Grubu-AS-Ve-GDZ-Enerji-Yatirimlari-AS-Hakkinda-Sorusturma-Acildi (Date of access:16.03.2017).

[4] For more information, see the Research of the Competition Board in Electric Wholesale and Retail Sector (Sector Research), http://www.rekabet.gov.tr/File/?path=ROOT%2f1%2fDocuments%2fSekt%C3%B6r+Raporu%2felektriksektor.pdf (Date of access: 06.03.2017)

[5] For the decisions concerning this issue, see; AYEDAŞ Decision dated 22.10.2014, numbered 14-42/761-337, http://www.rekabet.gov.tr/File/?path=ROOT%2f1%2fDocuments%2fGerek%C3%A7eli+Kurul+Karar%C4%B1%2f14-42-761-337.pdf (Date of access: 06.03.2017); CLK Decision dated 22.10.2014, numbered 14-42/762-338,http://www.rekabet.gov.tr/File/?path=ROOT%2f1%2fDocuments%2fGerek%C3%A7eli+Kurul+Karar%C4%B1%2f14-42-762-338.pdf (Date of access: 06.03.2017) ; Gediz-Aydem Decision dated 03.12.2014, numbered 14-47/860-390, http://www.rekabet.gov.tr/File/?path=ROOT%2f1%2fDocuments%2fGerek%C3%A7eli+Kurul+Karar%C4%B1%2f14-47-860-390.pdf (Date of access: 06.03.2017).

[6] The Competition Board’s decision dated 11.04.2013 and numbered 13-21/285-136 http://www.rekabet.gov.tr/File/?path=ROOT%2f1%2fDocuments%2fGerek%C3%A7eli+Kurul+Karar%C4%B1%2f13-21-285-136.pdf (Date of access: 11.03.2017).

[7] The Competition Board’s decision of “Başkent Elektrik Dağıtım A.Ş.” dated 6.11.2013 and numbered 13-62/857-365; The decision of “Sakarya Elektrik Dağıtım A.Ş” dated 6.11.2013 and numbered 13-62/856-364, The decision of “Boğaziçi& Akdeniz Elektrik Dağıtım A.Ş.” dated 29.1.2014 and numbered 14-05/83-36.

[8] For more information, see p. 82 ff. of the sector research report.

[9] p. 130-133.

[10] https://en.wikipedia.org/wiki/Crazy_Ivan (Date of access: 17.03.2017).

All rights of this article are reserved. This article may not be used, reproduced, copied, published, distributed, or otherwise disseminated without quotation or Erdem & Erdem Law Firm's written consent. Any content created without citing the resource or Erdem & Erdem Law Firm’s written consent is regularly tracked, and legal action will be taken in case of violation.

Other Contents

A Recent CAS Decision in the Scope of European Union Competition Law: FIFA vs. Agents
Newsletter Articles
A Recent CAS Decision in the Scope of European Union Competition Law: FIFA vs. Agents

At the meeting of the Fédération Internationale de Football Association (“FIFA”) held on 16 December 2022, the FIFA Council approved the FIFA Football Agents Regulations (“FFAR”). In the FFAR, various amendments have been made, such as the introduction of a maximum service fee limit that football agents are...

Competition Law 30.09.2023
CJEU Judgment in Super Bock: New Insight on Resale Price Maintenance
Newsletter Articles
CJEU Judgment in Super Bock: New Insight on Resale Price Maintenance

Resale Price Maintenance (RPM) is still considered a hardcore restriction under the recently revised Vertical Block Exemption Regulation (VBER), which means that it cannot benefit from a statutory exemption under Article 101(1) TFEU, unlike certain other types of vertical agreements. However, it has been debated...

Competition Law 31.07.2023
The Relationship Between Economic Entity and Family Ties in Light of Competition Board Decisions
Newsletter Articles
The Relationship Between Economic Entity and Family Ties in Light of Competition Board Decisions

In competition law, it is important to accurately determine the concept of undertaking, especially in terms of mergers and acquisitions. Therefore, the concept of economic entity aims to reveal the economic units covered by the undertakings. The relationship between the concept of economic entity and family ties comes...

Competition Law 31.07.2023
A New Breath of Fresh Air for Competition Investigations from the Constitutional Court
Newsletter Articles
A New Breath of Fresh Air for Competition Investigations from the Constitutional Court

In these days when the Competition Board (“Board”) frequently imposes administrative fines for preventing on-site inspections and both the Competition Authority (“Authority”) and undertakings take legal and technical measures regarding on-site inspections, a striking development has occurred. In its decision...

Competition Law 30.06.2023
Competition Law Practices in the Online Advertising Market
Newsletter Articles
Competition Law Practices in the Online Advertising Market

Online advertising has become an important source for businesses for promoting products and services and meeting consumers, as a result of the rapid development of information technologies and increase in the use of internet. Delivering targeted messages to consumers at the right time through the digital...

Competition Law 30.06.2023
Selective Distribution Systems
Newsletter Articles
Selective Distribution Systems

Selective distribution systems refer to a type of distribution system in which suppliers commit to selling the contracted goods or services directly or indirectly to distributors selected based on specified criteria, while the distributors commit not to sell the said goods or services to unauthorized...

Competition Law 31.05.2023
Final Sector Inquiry Report of the Competition Authority Regarding Fast-Moving Consumer Goods Retailing
Newsletter Articles
Final Sector Inquiry Report of the Competition Authority Regarding Fast-Moving Consumer Goods Retailing

Fast-moving consumer goods is undoubtedly one of the sectors that the Competition Authority has been working most intensively since the COVID 19 pandemic. Among the most important developments of this period was the Sector Inquiry initiated on Fast Moving Consumer Goods (“FMCG”) Retailing...

Competition Law 30.04.2023
Constitutional Court's Evaluation of the Competition Board's Authority to Conduct On-Site Investigations
Newsletter Articles
Constitutional Court's Evaluation of the Competition Board's Authority to Conduct On-Site Investigations

In the decision of the Constitutional Court ("Constitutional Court" or "Court") dated 09.11.2022, numbered 2020/67 E. 2022/139 K. (the "Decision"), the annulment of certain articles of the Law Amending the Law on the Protection of Competition No. 4054 ("Law No. 7246") was requested...

Competition Law 30.04.2023
Gun Jumping in Turkish Competition Law
Newsletter Articles
Gun Jumping in Turkish Competition Law

In Turkish competition law, certain types of mergers and acquisitions are subject to Turkish Competition Board’s (“Board”) approval in order to gain legal validity. Pursuant to Article 7 of the Law No. 4054 on the Protection of Competition (“Law No. 4054”), the Board is competent to define mergers and acquisitions...

Competition Law 31.03.2023
The Problem of Returning the Data Obtained as a Result of Unlawful Notification in Light of the Competition Board Decision
Newsletter Articles
The Problem of Returning the Data Obtained as a Result of Unlawful Notification in Light of the Competition Board Decision

Recently, the Competition Board (the Board) had imposed administrative fines on banks and financial institutions for failing to respond to the request for information within the scope of a preliminary investigation.[i] The request for information that lays the groundwork for the administrative fine imposed by...

Competition Law 28.02.2023
The European Commission Accepts Amazon’s Commitments
Newsletter Articles
The European Commission Accepts Amazon’s Commitments

Amazon, a world-famous company, is an e-commerce company that operates the world’s largest online shopping platform. In the backstage, Amazon is a data-driven company whose retail decisions are mostly driven by automated systems, fueled by the relevant market data. That being said, Amazon has a dual...

Competition Law 31.01.2023
Deletion of WhatsApp Correspondence During On-Site Inspections
Newsletter Articles
Deletion of WhatsApp Correspondence During On-Site Inspections

The right to make on-site inspections is one of the Competition Board’s (“Board”) most important tools for revealing whether Law No. 4054 on the Protection of Competition (“Law No. 4054”) has been violated. The effective use of this authority is quite important in terms of obtaining fruitful results from...

Competition Law 31.10.2022
Amendment on the Regulation of Electronic Commerce: “The Fire of Mount Doom”
Newsletter Articles
Amendment on the Regulation of Electronic Commerce: “The Fire of Mount Doom”

“Harese” is an interesting Arabic word. There is a thorn that camels love very much in the desert. The camel eats the thorn with great greed. So much so that, its mouth bleeds as it eats, but it doesn't stop eating. The taste of the thorn is mixed with the salty taste of its own blood. This mixed taste drives the camel...

Competition Law 30.09.2022
Turkish Competition Board Fines Digiturk
Newsletter Articles
Turkish Competition Board Fines Digiturk

Turkey’s leading pay television service provider, Krea İçerik Hizmetleri ve Prodüksiyon A.Ş. (“Digiturk”), is frequently the subject of complaints made to the Competition Authority (“Authority”). In fact, the Competition Board (“Board”) issues a new decision about Digiturk almost every year. In these decisions...

Competition Law 30.09.2022
The French Competition Authority’s Decision on Meta’s Commitments
Newsletter Articles
The French Competition Authority’s Decision on Meta’s Commitments

The French Competition Authority (Autorité de la Concurrence), within the scope of the competition law proceeding initiated upon the complaint of Criteo SA (“Criteo”), accepted the commitments proposed by Meta Platforms Inc., Meta Platforms Ireland Ltd., and Facebook France...

Competition Law 31.07.2022
A Different Approach to Monetary Fines for Hindering On-Site Inspection: The Decision of the Ankara II. Administrative Court
Newsletter Articles
A Different Approach to Monetary Fines for Hindering On-Site Inspection: The Decision of the Ankara II. Administrative Court

While the scope of Competition Board’s (“Board”) power to conduct on-site inspections has increased with the introduction of Guidelines on Examination of Digital Data during On-site Inspections (“Guidelines”), nowadays the amount of monetary fines imposed on undertakings continue to...

Competition Law 31.07.2022
Hub and Spoke Cartel in Comparative Law
Newsletter Articles
Hub and Spoke Cartel in Comparative Law

The hub and spoke cartel, which is a relatively new type of violation in terms of Turkish competition law, is defined as the indirect exchange of information between two independent undertakings which are horizontal competitors on the supplier or retailer level, through another undertaking...

Competition Law April 2022
The First Settlement Case in Turkish Competition Law
Newsletter Articles
The First Settlement Case in Turkish Competition Law

The settlement mechanism has only recently been introduced to Turkish competition law practice. It entered into force with the amendment made to the Law on the Protection of Competition (“Law”) numbered 4054 on 16.06.2020, and has been in effect for less than two years. In this relatively...

Competition Law April 2022
The E-Marketplace Platforms Sector Inquiry Final Report and What It Brings
Newsletter Articles
The E-Marketplace Platforms Sector Inquiry Final Report and What It Brings

Due to their increasing share in the economy and rapid growth rate, e-marketplace platforms have come under the increasing scrutiny of the Turkish Competition Authority (“Authority”) as well as many competition authorities around the world...

Competition Law April 2022
Amendments Introduced to the Communique Concerning the Mergers and Acquisitions Requiring Competition Board’s Approval
Newsletter Articles
Amendments Introduced to the Communique Concerning the Mergers and Acquisitions Requiring Competition Board’s Approval

Pursuant to the Amendment Communiqué Concerning the Mergers and Acquisitions Requiring the Competition Board’s Approval (“Amending Communiqué”) published in the Official Gazette dated March 4th, 2022 and numbered 31768, certain amendments have been introduced...

Competition Law March 2022
A New Glance at Online Sales: The Competition Board’s BSH Decision
Newsletter Articles
A New Glance at Online Sales: The Competition Board’s BSH Decision

The Competition Board (“Board”) has recently published a reasoned decision in which it evaluated BSH Ev Aletleri Sanayi ve Ticaret A.Ş.’s (“BSH”) request for negative clearance or exemption with regard to its practice of prohibiting authorized dealers from making sales through online marketplaces...

Competition Law March 2022
E-Marketplace Platforms Industry Review Preliminary Report Part 2: “Shahmaran’s Story”
Newsletter Articles
E-Marketplace Platforms Industry Review Preliminary Report Part 2: “Shahmaran’s Story”

Shahmaran, a Mesopotamian myth, is believed to take place in Tarsus. According to the myth, the shah of snakes is the immortal and omniscient "Shahmaran." Shahmaran is described as a beautiful woman living in her cave with her snakes...

Competition Law February 2022
Online Sales Within The Framework Of Competition Law
Newsletter Articles
The Effects of the Recent Decision by the Turkish Competition Board on Market Chains and Their Suppliers
Newsletter Articles
The Effects of the Recent Decision by the Turkish Competition Board on Market Chains and Their Suppliers

During the COVID-19 pandemic, competitive concerns about the pricing behavior of chain markets, manufacturers, and wholesalers engaged in the retail trade of food and cleaning supplies led to an investigation by...

Competition Law January 2022
On-Site Inspections in Light of the Recent Decisions of the Competition Authority
Newsletter Articles
On-Site Inspections in Light of the Recent Decisions of the Competition Authority

When the past decisions and the recent decisions of the Competition Board (“Board”) are examined, a significant increase can be observed in the number of decisions where the Board found hindrance or obstruction of on-site inspections. This situation shows that...

Competition Law December 2021
The European Commission Fines Banks for Participating in a Forex Cartel
Newsletter Articles
The European Commission Fines Banks for Participating in a Forex Cartel

The European Commission began investigating the collusive behavior of Credit Suisse, UBS, Barclays, RBS, and HSBC in the Foreign Exchange (forex) spot trading market in 2019. With the recent press release dated 02.12.2021, the Commission announced that the case is now closed...

Competition Law December 2021
Hub and Spoke Cartels
Newsletter Articles
Hub and Spoke Cartels
Competition Law November 2021
E-Marketplace Platforms Industry Review Preliminary Report Part 1: “Captain, an object is approaching”
Newsletter Articles
E-Marketplace Platforms Industry Review Preliminary Report Part 1: “Captain, an object is approaching”

Digitalization, in particular, necessitates the rewriting of competition law rules. Competition law is at the center all questions regarding e-commerce and digital platforms. The aforementioned platforms, which have become prominent due to innovations in...

Competition Law November 2021
Coca Cola’s Commitments in the Recent Competition Investigation
Newsletter Articles
Settlement Regulation Enters into Force
Newsletter Articles
Settlement Regulation Enters into Force
Competition Law July 2021
Competition Law Concerns Regarding Human Resources Practices
Newsletter Articles
The New Cartel Decision of the Competition Board
Newsletter Articles
The New Cartel Decision of the Competition Board
Competition Law September 2020
Amendments in the Law on the Protection of Competition
Newsletter Articles
Setting Legal Grounds for On-site Inspections
Newsletter Articles
Evaluation of COVID 19 Outbreak in Terms of Turkish Competition Law
Newsletter Articles
The File of Sahibinden.com; A Phoenix Story
Newsletter Articles
The File of Sahibinden.com; A Phoenix Story
Competition Law February 2020
Final and Interim Decisions of the Turkish Competition Board
Newsletter Articles
Second Stage in Facebook File
Newsletter Articles
Second Stage in Facebook File
Competition Law September 2019
European Commission’s Foreign Exchange Spot Trading Cartel Decisions
Newsletter Articles
Expected Second Half of Competition Authority’s 12 Banks Decision
Newsletter Articles
Turkish Competition Board’s Sahibinden.com Decision
Newsletter Articles
Recent Developments in Abuse of Dominance Concerning Online Platforms
Newsletter Articles
New Horizons in Competition Law; Diesel Emissions Scandal
Newsletter Articles
Recent Developments in the Right of Access to Files
Newsletter Articles
Cards are being redistributed in the Turkish Beer Market
Newsletter Articles
The Recent Motor Vehicles Insurance Decision of the Competition Board
Newsletter Articles
Selective Distribution Systems under the Light of Coty Decision
Newsletter Articles
Competition Authority’s Sector Inquiry Report on Television Broadcasting
Newsletter Articles
Excessive Pricing
Newsletter Articles
Excessive Pricing
Competition Law June 2017
Amazon Decision and E-Book Commitments
Newsletter Articles
Amazon Decision and E-Book Commitments
Competition Law June 2017
Umbrella Effect within the Framework of Private Competition Enforcement
Newsletter Articles
Tüpraş Decision and the Rebate Systems
Newsletter Articles
Tüpraş Decision and the Rebate Systems
Competition Law September 2016
Important Reason in Terms Of Share Transfer Restrictions
Newsletter Articles
Booking.com Decision
Newsletter Articles
Booking.com Decision
Competition Law January 2017
Price / Margin Squeeze
Newsletter Articles
Price / Margin Squeeze
Competition Law November 2016
Recent Problems in Electricity Distribution Sector: ELDER Decision
Newsletter Articles
Intellectual Property Rights As Capital in Kind
Newsletter Articles
Right To Request Information Of The Shareholders in Joint Stock Companies
Newsletter Articles
Affected Market
Newsletter Articles
Affected Market
Competition Law August 2015

For creative legal solutions, please contact us.