ARTICLE · 23 SEPTEMBER 1997
Arbitration In Turkey - International Arbitration
TurkeyAccounting and Audit
CCP does not contain any provisions concerning the enforcement of foreign arbitral awards. Turkey did not sign the 1923 Geneva Protocol and the 1927 Geneva Convention (In fact, Article VII, 2. of the New York Convention states that these shall cease to have effect between the parties to the New York Convention.) For this reason, until the Private International Law and Procedure ("PILP") came into force in 1982, the gap caused by the absence of legislation concerning the enforcement of foreign arbitral awards was filled by the decisions of the Court of Appeals.
The provisions of the PILP concerning the enforcement of foreign arbitral awards are similar, in many respects, to the provisions New York Convention. Nevertheless, the PILP has made the enforcement of foreign arbitral awards very similar to the enforcement of foreign court decisions in that it requires (1) satisfaction of the "reciprocity rule" applicable to the enforcement of foreign judgments and (2) foreign arbitral
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