"Experts say if Turkey, Iran do not agree on discount level within obligatory timeframe, arbitration court will rule" Turkey and Iran must conclude the natural gas discount rate due to Turkey to avoid the arbitration court fixing the rate, Denis Mouralis, professor of arbitration and international trade law at Aix Marseille University, consultant and arbitrator said Monday. Turkey brought the case to court because of Iran's high natural gas prices applied to the country durin

The Regulation Amending the Electricity Market Balancing and Settlement Regulation (“Amending Regulation”) which was published in the Official Gazette dated March 28th, 2015 and numbered 29309 come into force as of the date of July 1st, #electricitylaw #energylaw #energymarketturkey #turkishenergylaw #energylawfirm #energyindustry #energydisputes

The Turkish Government has announced 29 Power Plants are to be privatised, number of Hydroelectric and gas-turbine power plants, along with state-owned companies are on a list to be privatised, according to a written statement published in the Official Gazette 24th June 2015. #turkishenergylaw #energyindustry #mergersandacquisitions #fditurkey #investinginturkey #energydisputes

The President of Philipines Benigno Aquino III said in a joint press statement with Turkey Prime Minister Ahmet Davutoglu that the Turkish leader agreed with the Philippines' decision to seek international arbitration to settle its sea row with China. The two leaders are expected to take up an air travel agreement and Turkey's support for the peace process between the Philippine government and the Moro Islamic Liberation Front. #arbitrationlaw #turkeyarbitration #turkisharbit

Turkish Petroleum Corporation (TPAO), which is currently a national oil company involved in upstream sector (exploration, drilling, well completion and production) was first founded in 1954 by the Law No. 6357 for the purposes of hydrocarbon discovery, drilling, production, refiner and marketing activities. The registered capital of the TPAO is 3 Billion Turkish Liras. #energyindustry #energydisputes #energylaw #energymarketturkey #energysuppliersliabilities

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 e