Arbitration Center to resolve energy disputes

Istanbul Arbitration Center will be set up to deal with disputes in the international energy market

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.

#energymarketturkey #energysuppliersliabilities #energylaw #implicationsforbusiness #disputeresolution #internationalarbitration #energydisputes #energyindustry

Featured Posts
Recent Posts
Archive
Search By Tags
No tags yet.

Address:

Kanyon Office Building Floor. 6
Buyukdere Avenue. No. 185
Levent 34394 İstanbul  | Turkey

 

TEL: +90 212 277 41 11

FAX: +90 212 340 76 01

Kilic & Partners Map.png
  • Facebook Clean
  • Twitter Clean
German & Turkish Chamber of Commerce

    ® KILIÇ & Partners. All Rights reserved