Enforcement of foreign arbitral awards subject to progressive court fees
On April 4 2012, the 19th Chamber of the Court of Appeals ruled that the enforcement of a foreign arbitral award was subject to progressive court fees, since the award related to the collection of debt.
The plaintiff had requested the enforcement of a 2008 foreign award rendered by the Korean Commercial Arbitration Board, claiming that the award was finalised. The defendant requested that the case be dismissed on the grounds that:
- another court of first instance was competent to hear the case;
- the award was unenforceable, as the defendant’s right to be heard in the arbitral proceedings had been breached; and
- the arbitral award was not finalised…
If you are registered and logged in to the site, click on the link below to read the rest of the Cerrahoglu briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Briefings from Cerrahoglu
Seda Akipek and Müjdem Aksoy of Cerrahoglu examine the implications of changes to Turkey’s commercial code that allow for electronic company meetings.O
The Tax Authority recently audited the Turkish subsidiaries of several multinational pharmaceutical companies to review five years’ worth of their accounts.