Foreign arbitral awards are an integral part of international commerce, and Turkey has developed a relatively clear and arbitration-friendly framework for their recognition and enforcement. That framework is built on a combination of international conventions and domestic legislation, primarily the 1958 New York Convention and Law No. 5718 on Private International and Procedural Law (“PILPL”). […]
In today’s world, the rise of global supply chains and cross-border collaborations has significantly increased the frequency with which Turkish companies enter into commercial contracts with foreign partners. However, in this process—where different legal systems, trade customs, and judicial practices intersect—careful drafting of commercial contracts is of critical importance to minimize contract-related risks. 1. Governing […]