An International Court of Arbitration will be set up in Istanbul to deal with dispute resolution of international energy cases, according to law experts.
“International arbitration is preferred by companies in recent years instead of local courts in the event of commercial litigation,” said Dr. Harun KILIC, partner from KILIC & Partners International Law Firm.
KILIC said that energy is an international issue, which forms a basis for international arbitration. “Energy projects bring a lot of market actors together such as financiers, international investors and suppliers, and that’s why it needs a court of arbitration for settling international commercial disputes,” Kilic said, adding that the center will need to retain its independence.
New Foreign investment levels for Turkish citizenship
September 20, 2018
Turkey has significantly eased the required limits for foreigners to acquire Turkishcitizenship to encourage investment, according to new regulations...
International Work Force Law Turkey Aug 2016
August 22, 2016
International Work Force Law numbered 6735 (“The Law”) was published in the Official Gazette and entered into force on 13 August 2016. Preventing the...
Изменение размера иностранных инвестиций для гражданства Турции
September 21, 2018
Закон о Гражданстве Турции - 20 сентября 2018 года
В соответствии с изменениями в местном законодательстве, опубликованными в «Официальной Газете» от...