RECOGNITION AND ENFORCEMENT OF ARBITRAL AWARDS

Turkey’s status as a signatory to the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards, known as the New York Convention, endows it with a robust legal framework governing the recognition and enforcement of arbitral awards within its jurisdiction. 

Our office boasts specialised expertise in the real of arbitration and recognition and enforcement of arbitral awards. We render comprehensive services encompassing recognition and enforcement proceedings for an arbitral award issued under LCIA, ICC, AAA, SCC, ISTAC, HIAC Rules, or any other institution.

Beyond the realm of commercial arbitration, there may also arise instances of investment arbitration. Although there are specific provisions in ICSID or UNCITRAL rules for direct enforcement of the investment awards, instance may arise where States do not voluntarily enforce and comply with the awards. In these circumstances, our team deftly leverages recourse to national courts strategically seeking to seize State assets worldwide. This service requires specific business intelligence of detecting the state’s properties utilised for acta jure gestionis (ex: State’s subsidiaries’ shares in abroad used for commercial purposes).

Our firm is specialised in investment arbitration and commercial arbitration, with focus of recognition and enforcement of arbitral awards.