Introduction Commercial disputes do not always justify a lengthy and highly complex arbitration process. Claims arising from unpaid invoices, supply contracts, service agreements, distributorship relationships, construction payments, commercial leases, technology contracts and smaller corporate transactions may require a final and binding decision within a considerably shorter period. For such disputes, fast-track arbitration procedures in Turkey […]
Introduction Commercial disputes do not always develop at a pace that allows parties to wait for the constitution of an arbitral tribunal. Assets may be transferred, confidential information may be disclosed, goods may deteriorate, bank guarantees may be called, corporate decisions may be implemented or critical evidence may disappear before the sole arbitrator or arbitral […]
Introduction Shareholder agreements and joint venture structures are widely used by Turkish and foreign investors establishing or acquiring businesses in Turkey. These arrangements allow investors to regulate management rights, board representation, reserved matters, financing obligations, dividend policies, share-transfer restrictions, exit mechanisms and the future development of the company. Although carefully drafted shareholder and joint venture […]
Introduction Energy projects are among the most capital-intensive, technically complex and heavily regulated commercial activities in Turkey. Electricity generation facilities, renewable energy projects, petroleum operations, natural gas supply arrangements, transmission infrastructure, storage facilities and energy-trading transactions frequently involve substantial investment, long performance periods and multiple public and private stakeholders. A typical energy project may include […]
Introduction Construction and infrastructure projects are among the most complex commercial transactions in Turkey. Large projects usually involve employers, contractors, subcontractors, architects, engineers, consultants, suppliers, banks, insurers and public authorities. The contractual structure may include several interdependent agreements, detailed technical specifications, strict completion schedules, performance guarantees and substantial financial risks. Even well-planned construction projects may […]
Introduction Arbitration is widely used in Turkey for resolving commercial disputes arising from construction, infrastructure, energy, international trade, corporate transactions, banking, transportation, technology, distribution and investment agreements. Parties frequently choose arbitration because it offers procedural flexibility, access to specialist decision-makers, privacy and greater international enforceability than ordinary court litigation. An arbitral award is generally final […]
Introduction Arbitration is one of the principal dispute resolution mechanisms used in international trade, construction, energy, finance, transportation, technology, corporate transactions and foreign investment. Businesses frequently select arbitration because it allows them to choose a neutral forum, appoint specialist decision-makers and obtain an award that may be enforceable in jurisdictions where the losing party owns […]
Introduction Arbitration has become an increasingly important method of dispute resolution for businesses operating in Turkey. Companies involved in construction, infrastructure, energy, technology, manufacturing, transportation, international trade, corporate transactions and financial services frequently include arbitration clauses in their commercial contracts. However, parties often use the terms domestic arbitration and international arbitration without fully understanding the […]
Introduction Arbitration clauses have become an essential component of Turkish and international commercial contracts. Companies engaged in construction, international trade, manufacturing, energy, technology, distribution, logistics, finance, joint ventures and corporate transactions frequently prefer arbitration to traditional court litigation. A properly drafted arbitration clause allows the parties to determine in advance how future disputes will be […]
Introduction Arbitration has become one of the most important dispute resolution mechanisms for companies involved in domestic and international commercial transactions. Businesses increasingly prefer arbitration because it offers procedural flexibility, specialist decision-makers, confidentiality and the possibility of enforcing arbitral awards across borders. The Istanbul Arbitration Centre, commonly referred to as ISTAC, is one of Turkey’s […]