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ISTAC Fast-Track Arbitration Rules

Istanbul Arbitration Center (ISTAC) ISTAC has been established in 2015 based on the Law No. 6570, entitled the Istanbul Arbitration Center Law as an impartial and independent institution to administer both domestic and international arbitration disputes, with the goal of rendering Istanbul/Turkey a major regional hub for international arbitration. Compared to other arbitration institutions, ISTAC is a very cost-efficient arbitration center, due to both the usage of Turkish Lira currency, and the competitiveness of its registration...

Virtual Hearings

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 and adopted itself into technological developments. Below is an overview of arbitration hearings and how they are conducted online in today’s world....

Becoming an Italian Citizen

Introduction Citizenship is a legal relationship between an individual and a country. The country provides protection and rights to the citizen, and in return the individual owes allegiance to the state. This article examines how to become an Italian citizen. Italy is one of the most recommended countries to visit, thanks to its history and nature. Italy is also a founder member of the European Union. Therefore, being an Italian citizen means to become an EU citizen as well. Hence, the Italian citizenship brings a right to be...

Confidentiality in Arbitral Proceedings

CONFIDENTIALITY IN ARBITRAL PROCEEDINGS Although arbitration is preferred over litigation mostly because of its private nature, there seems to be no consensus on whether it should be confidential[1] or whether there is an enforcement procedure in case of breach of confidentiality. “It is true that arbitration proceedings generally are private and the awards are not published like court judgments. It is not correct, however, to assume that information revealed in arbitration is automatically confidential.”[2] It is also safe to say...

Legal Effects of Coronavirus (COVID-19) Outbreak

Introduction Coronavirus (COVID-19) related cases that originated first from China affected most of the world. As of last week, Turkey is also one of the affected countries. It is considered that the outbreak, declared as a "Pandemic" by the World Health Organization, may have a significant impact on the daily lives of people residing in Turkey in the near future. In this legal report, we aim to clarify the legal aspects of a number of issues that are likely to arise in the lives of people residing in Turkey, in the form of answers to...

The Singapore Convention On Mediation

Introduction The United Nations (UN) Convention on International Settlement Agreements Resulting from Mediation (The Singapore Convention on Mediation)1 was finally signed by 46 States on 7 August 20192, following its approval by the United Nations Commission on International Trade Law (UNCITRAL) in June 20183 and adoption by the UN General Assembly in December 20184. The signatories of the Singapore Convention include the two largest economies, the US and China and many of the largest economies in Asia, such as India and South Korea,...

Setting-up of Liaison Offices under Turkish Law

Setting-up of Liaison Offices under Turkish Law Introduction A foreign company aiming to enhance its commercial and economic relations in Turkey has multiple options in terms of institutional setup. These options should be carefully evaluated in accordance with the needs of the companies and their aims in Turkey. A foreign company may choose to handle its economic relations with actors residing in Turkey directly from its headquarters located abroad. This way of involvement is usually preferred by companies which aim to conduct a...

Real-Estate-Law-in-Turkey

Real Estate Law in Turkey 

Introduction “Please get a consultation with a real estate attorney in Turkey  during your investment to avoid any legal complexity and secure your investment in line with Turkish Law.” Nowadays, Turkey became a very important destination for buying an apartment, house, or any type of real estate especially with advantages of exchange rates against Turkish Lira. Because the Turkish real estate market price became very attractive for foreign investors to buy any type of real estate in Turkey. Many foreigners are buying apartments in...

international arbitration

International Arbitration in Turkey

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, many complex and cross-border disputes relating to key industries such as energy, telecommunications, IT, infrastructure,...

Arbitration and Turkish Law

Arbitration and Turkish Law

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 international trade, commerce, and investment. With its widespread importance in the present world where commercial life demands a quick and...