Choosing Dispute Resolution Mechanisms for Corporate Contracts
Commercial parties doing business in Turkey can select between state court litigation and binding institutional arbitration.
1. Advantages of Institutional Arbitration (ISTAC)
- Confidentiality: Arbitration hearings and filings remain strictly private.
- Speed: Fast-track arbitration procedures resolve claims within 3 to 6 months.
- Enforceability: Awards are readily enforceable globally under the New York Convention.
2. Mandatory Pre-Litigation Commercial Mediation
Under Turkish Commercial Code, filing monetary commercial lawsuits in state courts requires participating in mandatory pre-suit mediation first.
