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Sayfa 409ISTANBUL ARBITRATION CENTER (ISTAC) RULES OF ARBITRATION*
* Bu makale Expert Guide Commercial Arbitration, September 2016, s. 46 vd.’ da yayınlandı.…
The Istanbul Arbitration Center (“ISTAC”) was established in line with the objectives…
ISTAC Rules of Arbitration and Rules of Mediation (“ISTAC Rules of Arbitration” or…
In our article, we shall provide a brief review of the organizational structure of…
General Information
ISTAC is comprised of a national court, an international court (together, the “Court”)…
ISTAC Rules shall be applicable under two scenarios. The first scenario is an agreement…
Arbitral Proceedings
In order for arbitration proceedings to commence, the claimant party shall submit…
The respondent party shall respond to the request for arbitration within 30 days.…
Any objection governing the existence, validity, content, scope and application of…
Arbitrators
The parties shall freely determine the number of arbitrators. The Rules refer to…
The parties shall unanimously appoint the sole arbitrator. If an agreement cannot…
In both cases, the arbitrator(s) shall be, and are expected to remain throughout…
Arbitral Proceedings
The ISTAC Arbitration Rules regulate the principles and rules applicable to the proceedings…
The parties to a dispute have a right to fair trial. The arbitrator(s) shall conduct…
The proceedings shall be swiftly conducted with a view to cause minimal costs;…
Unless agreed to the contrary, the arbitral proceedings shall be confidential.…
Procedural matters not regulated under the Rules shall be subject to the rules…
All parties to a proceeding shall act in compliance with the good faith princi…
Unless otherwise agreed, the place of arbitration shall be Istanbul.…
The merits of the case shall be subject to the law designated by the parties. In…
The arbitrator(s) may resort to all methods deemed suitable to determine the facts,…
In the event of urgent matters that cannot await the appointment of arbitrator(s),…
Completion of the Discovery Phase and Award
In principle, the arbitrators shall render their award on the merits within six months…
In the event the parties reach a settlement during the arbitration proceedings, upon…
Costs
Arbitration costs and advance fees are subject to detailed provisions under the Rules.…
In principle, the parties shall equally bear the costs of arbitration proceedings.…
Expedited Arbitral Proceedings
One of the most prominent aspects of the ISTAC and the Rules is the emphasis made…
The expedited arbitration aims to shorten the duration of the arbitration proceedings…
Conclusion
ISTAC is the recently established arbitration center in Istanbul, which aims to be…
In addition to complying with the present generally accepted practices, the ISTAC…
It is reported that ISTAC received its first international requests of arbitration…
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