The trend of alternative dispute resolutions is in demand
nowadays in Turkey. After the new regulations about mediation, the
eyes are on the arbitration now. In the mid position of Europe,
Asia, Middle East and North Africa a new arbitration institution is
on the stage now: Istanbul Arbitration Centre (ISTAC).
In the fast developing arbitration world, both the ad hoc
arbitration and the institutional arbitration are two options for
the dispute resolutions, however institutional arbitration centers
have a specific importance.
The arbitration culture has not developed in Turkey until the
last years like it developed in Europe. The main reason of the
non-development is seen as the inconsistency of the Turkish Court
of Appeal's chambers about the appeals of challenges to
arbitral awards. Turkish Court of Appeals has a wide judicial
discretion about "quashing" the arbitral awards. It is a
possibility that after receiving an arbitral award from an
arbitration institution
