Turkey competition watchdog reveals Nestlé fine
Nestlé has been fined Tl346.9m ($11.2m) by competition officials in Turkey over its violation of the law on the protection of competition.
Source: just-food.com
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Nestlé has been fined Tl346.9m ($11.2m) by competition officials in Turkey over its violation of the law on the protection of competition.
The national competition watchdog has found Nestlé to be guilty of violating pricing laws and will face a fine worth $8.7m.
The established rule of the Court of Cassation (CoC) is that decisions should follow the Re-examination and Evaluation Board (Board) decisions of the Turkish Patent and Trademark Office and should be evaluated by considering the conditions at the time a decision is rendered.