Arbitration is the process of referring the resolution of a dispute between the parties to the authority of an arbitrator, where permitted by the applicable legislation. For a dispute to be resolved through arbitration, the dispute must be arbitrable, and the parties must agree to resolve the dispute through arbitration.
In "Arbitration in Turkish Law," there are two main normative regulations. The first is the International Arbitration Law No. 4686, which governs the rules of international arbitration. The second is the provisions on arbitration found in the Code of Civil Procedure No. 6100.
The advantages of arbitration for our clients include the resolution of disputes in a final manner within a very short period compared to the slow process in state courts. In this sense, arbitration serves as an effective legal remedy for our clients who wish to avoid the destructive effects of inflation. Additionally, the confidentiality of arbitration decisions ensures that the reasons for the dispute do not negatively impact the parties involved in the arbitration. This is particularly significant for commercial companies.
As Hakem Law and Mediation Office, we actively undertake roles as arbitrators and party representatives in arbitration dispute resolution. In cases where we act as party representatives, we provide our clients with the best service in resolving disputes that have arisen or may arise between the parties through arbitration agreements concluded or to be concluded. Some of the arbitration fields where we serve as arbitrators include Construction Arbitration, Commercial Arbitration, and Sports Arbitration.