Arbitration
Turkish arbitration law is a branch of law that regulates the parties' agreement to choose arbitration in resolving disputes and the implementation of arbitration decisions. Arbitration is conducted by one or more arbitrators appointed by agreement of the parties, and the resulting decisions are binding.
Turkish arbitration law is applied on the basis of the Turkish International Arbitration Law and relevant legislation. While this law regulates the arbitration process, it covers issues such as the conduct of arbitration, selection of arbitrators, recognition and enforcement of arbitration awards.
The arbitration process begins with the agreement of the parties. If the parties prefer to resolve the dispute through arbitration, they make an arbitration agreement and determine the arbitration rules. This agreement determines how the arbitration process will be conducted and what rules will apply.
In the arbitration process, the parties select one or more arbitrators. Arbitrators are independent and impartial persons and are authorized to resolve the dispute. Arbitrators hear the parties' arguments, evaluate the evidence, and ultimately make an arbitration award.
Arbitration awards are binding between the parties and are generally enforceable like court decisions. While Turkish arbitration law regulates the recognition and enforcement of arbitration awards, it ensures that these decisions are valid under Turkish law.
Turkish arbitration law ensures that disputes are resolved quickly and effectively. Parties can obtain a more tailored and flexible solution during the arbitration process. Additionally, arbitral awards are generally less contestable and internationally recognized.
Our law office, with its experienced lawyers in the field of Arbitration, represents you, our valued clients and prospective clients, in resolving your disputes with the service it offers, helping you to prevent possible loss of rights and reach the most appropriate result.