Introduction

(Addendum 15/06/2021) Despite long-term discussions on methods of preclusion of business disputes, occurrence of legal difference is unavoidable in international trade relations. Thanks to the comforts offered by the New York Convention on Recognition and Enforcement of Foreign Arbitral Awards 1958, arbitration turned into the most sought mechanism for settlement of international commercial disputes. Being aware of the fact that arbitration is warmly welcomed by stakeholders in the business sectors, many countries adopted new laws on international arbitration and support the setup and ...