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ARTICLE · 18 FEBRUARY 2016

A Complete Guide To The Rules Of The Istanbul Arbitration Centre

Moroglu Arseven
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The General Assembly of the Istanbul Arbitration Centre ("ISTAC") unanimously approved the ISTAC Arbitration Rules ("Rules") on 26 October 2015.

TurkeyLitigation, Mediation & Arbitration
Nilüfer Hotan
Nilüfer Hotan
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The General Assembly of the Istanbul Arbitration Centre ("ISTAC") unanimously approved the ISTAC Arbitration Rules ("Rules") on 26 October 2015. In this guide, we review the ISTAC's Rules, its fast track arbitration mechanism, Emergency Arbitrator system, fee structure, compare the Rules with several established arbitral institutions, as well as discuss areas where the Rules may develop in future.

The ISTAC's Rules are available on the ISTAC's official website.

ISTAC'S INFLUENCES AND SIMILARITIES WITH OTHER ARBITRAL RULES

The Rules are generally compliant and sit well alongside those issued by high profile arbitration centres around the world. The ISTAC appears to be heavily influenced by the ICC Arbitration Rules, along with lessons learnt by other international arbitration bodies. The Rules are notably similar to the ICC Rules of Arbitration, except for provisions regarding fast track arbitration.

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