What Are the Major Local Arbitral Institutions That Deal With International Commercial Disputes in Turkey?
The most popular destination for arbitration in Turkey is Istanbul Arbitration Center ‘’ISTAC’’.
ISTAC was established to ensure that disputes, including those with foreign elements, are resolved by arbitration or alternative dispute resolution methods.
ISTAC is an institution which governed by Istanbul Arbitration Center Code No.6570.
The duties of the Center are:
- To determine the rules regarding arbitration and alternative dispute resolution methods and to ensure the execution of services.
- To promote and publish on arbitration and alternative dispute resolution methods, to encourage, support and carry out scientific studies on this subject, to cooperate with relevant persons and institutions in the country and abroad.
Contributor: Emre Aslan
Position/Title: SENIOR LAWYER
For more posts contributed by Emre Aslan and ANTROYA DEBT COLLECTION & LAW OFFICE, please click here.
The Q&A Global is a special column run by CJO Global, and serves as a knowledge-sharing platform to facilitate peer learning and networking, and to provide the international business community with a global landscape of this industry. This post is a contribution from Antroya Debt Collection & Law Office. Antroya, headquartered in Istanbul, Turkey, has been working in the field of debt recovery dating back to 2005. They work with the world’s leading financial services companies and groups, who have the global largest network in International Receivables, and they are a member of several world's leading debt recovery networks.