With the globalization of the world, the scope of social and economic relations between people and companies has expanded, and this situation has brought along legal disputes. Due to the workload of the existing judicial mechanisms, the insufficient number of courts and the increase in the number and density of disputes, the chronic prolongation and late conclusion of the proceedings, the late conclusion of objection and appeal processes due to the high density of files of the higher courts, caused the parties to experience some grievances during the traditional litigation process. In order to prevent the parties from the abovementioned negativities, the arbitration has become a frequently preferred alternative dispute resolution method in order to eliminate these problems and to minimize the grievances of the parties to the dispute.

In terms of international arbitration proceedings, the parties have the freedom to choose the law to be applied for the proceedings. Regardless of the foreign element, the parties can choose the law of the country they want and be subject to arbitration. Whether a decision can be made about the dispute subject to arbitration depends on the arbitrability condition determined for each country. In addition to the arbitrability condition, the dispute between the parties must arise from the issues arising from the will of the parties. The arbitral awards to be rendered as a result of the arbitration proceedings are legally binding just as the court decisions.

As the Bosphorus Legal Partners team, we represent our valued clients meticulously in the processes of resolving legal disputes through national or international arbitration.