Introduction
In accordance with International Arbitration Act numbered 4686
("IAA"), the only legal remedy for arbitral awards is the
action to set aside. One of the most significant aspects of
selecting arbitration as a dispute resolution method is that most
of the legal systems lack regulations regarding the legal remedy to
appeal arbitral awards. By means of its article 15, the IAA solely
enables actions to set aside arbitral awards. As a consequence of
such, examination of the merits of arbitral awards in courts is
precluded. There are also Courts of Cassation resolutions in this
regard1.
Reasons for Filing an Action to Set Aside
Reasons to set aside listed under article 15 (A) of the IAA are
limited. An action to set aside for reasons not covered under this
article is not permissible. For instance, an action to set aside
shall not be filed on grounds of the arbitral award being incorrect
in terms of merits.2 The reasons to set aside may be
examined under
