Commercial Arbitration in Turkey
The Commercial Arbitration Service is one of the many services provided to you by the Zatari Law Firm.
What is Commercial Arbitration?
Commercial arbitration is a system for resolving civil and commercial disputes between individuals or companies. These disputes are as follows: financial, commercial, real estate, or civil disputes or disputes over the implementation of a contract. These disputes may arise between an individual and an institution, whether in the public or private sector. One of the most important conditions of arbitration is its mention as a clause of the contract that was previously signed between the disputing individuals. It is possible to resort to arbitration in the event that it was not mentioned as a condition in the contract clauses at a later time for the occurrence of the dispute, through the arbitration stipulation.
The Importance of Commercial Arbitration
One of the advantages of commercial arbitration is that it saves the long time that lawsuits take in the courts to reach a verdict. As the arbitration provides for the resolution of the dispute within a specified period not exceeding a period of 6 months, it may be extended by an additional 6 months. Arbitration saves both the money and the time that trials can normally take, which encourages foreign investment. Arbitration may be required according to domestic or international law to settle commercial disputes. Arbitration is distinguished by its ease of procedures, complete confidentiality and integrity.
Arbitration occupies an important position in general in the field of commercial relations, whether individual or institutional, and arbitration can be resorted to before going to the courts, and the decisions resulting from the arbitration process are binding on all parties and are not subject to appeal.
Commercial Arbitration in Turkey
Due to the strategic and economic importance of Turkey in general and Istanbul in particular and its ability to attract huge investments from all over the world, the commercial arbitration service has become one of the most important services that Arab and foreign investors alike resort to in order to settle commercial disputes and protect their interests and investments.
Zatari Law Firm is one of the leading companies in providing this service in Turkey through a team of arbitrators with long experience in this field, and we have provided assistance to many investors in obtaining their rights by resorting to commercial arbitration in Turkey.
