Turkey is a major arbitration hub with the Istanbul Arbitration Centre (ISTAC) and full New York Convention compliance.
Domestic vs International
Domestic: CCP Article 407+.
International: Law No. 4686.
ISTAC Advantages
Modern rules, multilingual capability.
Bridge between East and West legal traditions.
Enforcement
Through Court of First Instance.
Public policy review only.
Frequently Asked Questions
Is ISTAC equivalent to ICC?
ISTAC offers comparable institutional rigor at typically lower cost.
Can foreign award be set aside in Turkey?
No, only enforcement may be refused on limited grounds.