ICSID Arbitration in Turkey

Turkey has signed 80 BITs with different countries and 64 of them entered into force. Furthermore, Turkey ratified the Energy Charter Treaty that includes a provision about ICSID arbitration in 2001. Due to the steps taken by Turkey to create a more appropriate legal climate for investments during 90’s, foreign investors have brought six arbitration cases before the ICSID against Turkey since 2002. In an investment dispute which Turkey is party as a host state, a foreign investor has two alternative procedures to initiate ICSID case against Turkey.

Tiryakioglu, B. 2009, ICSID Arbitration in Turkey, Tiryakioglu, Cakmakci, Kesmer.


Tags: Turkish Law, Turkish Lawyers, Icsid,