Trade Disputes in Turkey

Overview by Globlatrade.net:
Arbitration
This solution exists but it is not implemented.
There are no arbitration structures so conciliation generally takes place directly between lawyers.
Arbitration Law
International Arbitration Law n°4686 (2001)
Conformity to International Commercial Arbitration Rules
Party to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.
Appointment of Arbitrators
Agreement of both parties.
Arbitration Procedure
Both parties can decide the procedure and the rules, as long as they conform to the law.
The arbitrator must usually give his decision within one year.

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Experts Views (1)
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