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ARTICLE · 27 OCTOBER 2016

Arbitrator's Fees Remain Unchanged For Another Year

The Communique on Tariff of Fees for International Arbitration issued by the Ministry of Justice has been published in the official gazette on March 8, 2016.

TurkeyLitigation, Mediation & Arbitration

The Communique on Tariff of Fees for International Arbitration (the "Communique") issued by the Ministry of Justice has been published in the official gazette on March 8, 2016.

The Communique that will enter into force on March 15, 2016 will regulate the fees applicable to arbitral proceedings commenced pursuant to the Turkish International Arbitration Law (the "TIAL"). The tariff of fees determined by the Communique, which remain unchanged since 2012, are as follows:

VALUE OF THE DISPUTE Fee of SOLE Arbitrator Fees for THREE (3) or MORE Arbitrators
Up to TRY 500,000.00 5% 8%
Subsequent TRY 500,000.00 4% 7%
Subsequent TRY 1,000,000.00 3% 6%

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