COMMERCIAL LITIGATION IN TURKEY

Turkey shall adopt quickly a new procedural law to speed up commercial litigation in Turkey.

Indeed, the Turkish litigation practice has never had a positive image, especially from foreign companies' standpoint. While the reasons for the latter are numerous, unacceptable duration of court proceedings, which may be up to 4-5 years for a minor debt collection.

Awaiting that the Parliament works on such procedures, alternative litigation are gaining interest. Thus, commercial contracts stipulate more and more arbitration clauses. Some new and challenging arbitration courts such as the ECA (European Court of Arbitration) in Strasbourg allows parties to this court very quick and low cost arbitral awards. These awards are fully enforceable in Turkey.

This is what especially foreign companies needs : efficient dispute resolution system.