Understanding Arbitration in Turkey. Businesses and investors prefer arbitration for its neutrality, speed, and enforceability. Turkey, as a hub bridging Europe and Asia, provides excellent facilities and a supportive legal environment. Many international companies seek the support of an law firm to navigate complex arbitration procedures. In recent years, arbitration has become a preferred method […]
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Turkey has become an attractive centre for foreign investors thanks to its geopolitical position, rapidly growing economy, and increasing volume of international trade. However, international trade and investment often bring legal disputes. Turkey offers a range of legal mechanisms to effectively address disputes for foreign investors and companies. In this article, we explore the main
ARBITRATION, LITIGATION, AND DISPUTE RESOLUTION IN TURKEY FOR FOREIGNERS Read More »
Introduction As it is widely acknowledged, arbitration has many advantages including being faster than state litigation proceedings, allowing the dispute to be resolved by experts, and providing confidentiality to the parties. In this sense, arbitration is deemed to be a preferable alternative dispute resolution method in Turkey. Where to find the regulations regarding arbitration in
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Av. Deniz Bahadır Introduction Incoterms are a series of pre-defined commercial terms that have been issued by the International Chamber of Commerce (ICC) relating to international commercial transactions[1] since 1930. Since then, the ICC tends to revise the rules within the first year of every decade. The Incoterms usually consist of 3 letters which are
Att. Gökberk TEKİN Introduction Arbitration is often perceived as a process by which the parties seek monetary damages.[1] However, the number and variety of the remedies available for the parties in international arbitration are very broad, indeed.[2] In this context, in addition to the monetary compensation, an arbitral award may (and often does) also
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Tahkim Anlaşmalarında Türkçe Kullanımı Zorunluluğu 10 Nisan 1926 tarih ve 805 sayılı İktisadi Müesseselerde Mecburi Türkçe Kullanılması Hakkında Kanun, Türk şirketlerinin kendi aralarındaki ve belirli durumlarda yabancı şirketlerle yaptıkları sözleşmelerde Türkçe kullanımını zorunlu tutmaktadır. Bu durum günümüzde giderek tercih edilme oranı yükselen tahkim anlaşmalarında Türkçe’nin bir geçerlilik şartına dönüşmesine sebep olmakta ve doktrinde tartışılmaktadır.
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Interim Measures in International Arbitration UNCITRAL Arbitration Rules, following the recognition of arbitral tribunals’ competence to grant interim measures, and it can be deducted from its definition in Article 26 that an interim measure, just like its equivalent in the domestic litigation, can be ordered by an arbitral tribunal before the final decision on the
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ONLINE ARBITRATION HEARINGS Law, as well as all other disciplines, could not stay immune from adopting itself to the world-wide technological evolution and digital transformation. Global effects of the Covid-19 pandemic fostered this adaptation by moving legal processes into online platforms. Arbitration is one of these legal processes that is affected from the Covid-19 pandemic
INTERNATIONAL ARBITRATION AND TURKEY Introduction The use and popularity of international commercial arbitration in Turkey has been increasing since the 2000s due to the increase in the globalization of trade and cross-border disputes involving Turkish businesses. This development has been accompanied by significant changes in Turkish legislation that reflect pro-arbitration policies endorsed by Turkey. Today,
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Arbitration and Turkish Law Introduction Arbitration is a private dispute resolution mechanism by an independent and impartial arbitrator based on the parties’ consent and backed by an international system of enforcement supported by States. International arbitration has become the principal method of resolving disputes between states, individuals, and corporations in almost every aspect of
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