Nationality of Arbitration Awards 29 August 2019
In order to arbitral awards that have elements of foreignness to bear consequences in Turkey, it is required to commence separate law suits for enforcement or recognition of the arbitral award according to the presence or absence of qualification of the performability of arbitral award. However, the arbitral awards that do not have any element of foreignness are not required to obtain a performability document before Turkish Courts in order to bear consequences in Turkey. In other words, domestic arbitral awards become executory in Turkey as of the date of award. Due to this distinction, it is important to determine which arbitration awards have foreignness element.
For further information please see:
http://www.kasaroglu.av.tr/en/39580/Nationality-of-Arbitration-Awards