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Institutional Arbitration in Turkey: the Istanbul Chamber of Commerce

November 2008 - Litigation & Dispute Resolution. Legal Developments by Cerrahoglu Law Firm.

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The Istanbul Chamber of Commerce (ICOC) has been operating as an arbitration institute since 1979. With the purpose of making Istanbul an arbitration-friendly jurisdiction, the ICOC acts as the principal institute for providing services to parties to a commercial dispute seeking settlement through arbitration. Thus far, 270 disputes have been settled through ICOC arbitration. Such disputes have involved both Turkish parties and foreign entities


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