With its geographical position and the point its economy has reached, Turkey has become one of the significant actors in its region. The economic vitality in our country will inevitably bring commercial disputes along with it. At the point where disputes arise, the most important issue is that the adjudication be conducted as confidentially, as swiftly, and as reliably as possible. This is made possible through arbitration. The idea of making İstanbul an arbitration centre is an extremely welcome development. The existence of an arbitration centre that can compete on the international stage, however, will depend on that centre being impartial and independent. In particular, it must be independent of the administrative authorities. The draft that has been prepared secures this independence.
Another important step is the matter of selecting the people who will work at this centre. A precondition for achieving international success is that those who will work within the arbitration centre be knowledgeable, experienced, and willing in the field of arbitration and alternative dispute resolution methods. If these conditions are met — that is, if an arbitration centre composed of independent, impartial, knowledgeable, and experienced people can be established — then İstanbul, which has become a commercial hub, will add to its title the further quality of a centre where disputes are brought to a fair and impartial resolution. This, in turn, means that İstanbul and ultimately Turkey will rise several more steps on the international stage." we prefer," he says.
Highlights
- This record relates to the legal and commercial agenda on the Turkey–Germany axis.
- The news relates to a dispute, judicial, or professional public-opinion agenda.
Why does it matter?
This record was moved to the In the Press archive from press content that had been sitting as an ordinary post among the old WordPress publications.
The related service, regional desk, focus, and sector links were rebuilt according to the legal context in the title and content.
Read the full story at its source
The full press item and the publisher’s file are available from the original source.