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Termination of Arbitration - Chapter 16 - Arbitration Law of Turkey: Practice and Procedure

 
Price:
$35.00
Author: Ziya Akinci
Page Count: 6
Published: September 2011
Media Desc: PDF from "Arbitration Law of Turkey: Practice and Procedure"
File Size: 116 KB
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Description

Originally from:

Arbitration Law of Turkey: Practice and Procedure - Hardcover

Arbitration Law of Turkey: Practice and Procedure - Electronic


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CHAPTER 16
TERMINATION OF ARBITRATION

Principally the arbitration terminates after the final award is made. The
mandate of the arbitral tribunal terminates with the termination of the arbitral
proceedings. However, there are some other events that cause an arbitration
to terminate. The following events would terminate an arbitration proceeding
without an award.


16.1 WITHDRAWAL OF THE CLAIM

The claimant may withdraw his claim at any point during the
proceedings, and this terminates the arbitration. If the sole arbitrator or the
arbitral tribunal recognizes a legitimate interest of the Respondent in
obtaining a final settlement of the dispute, then the award may be rendered
rather than directly terminating the arbitration proceedings.

Under Turkish law, the withdrawal of the claim by the Claimant means
that the consequences of starting the arbitration are retroactively terminated;
as such the statute of time is not cut off due to the arbitration1. One should
note that withdrawing a claim is not a waiver of the claim2. In withdrawal,
the Claimant reserves its right to make a claim again whereas in waiver the
claimant acknowledges that it no longer has the right to make the claim.

TIAC explicitly provides that the Claimant may withdraw the claim. In
principal, the Respondent would agree to the Claimant’s withdrawal and the
arbitration would terminate. However, in some circumstances, the
Respondent may object to the withdrawal of the claim and its effect of
termination. This will generally be the case where the arbitration proceeding
is almost completed; the Respondent may prefer an award to be rendered so
as not to be faced with another arbitration at a later stage. In such
circumstances the Respondent may ask the arbitrators to make the award

 

 

Table of Contents

16 TERMINATION OF ARBITRATION


16.1 WİTHDRAWAL OF THE CLAİM

16.2 CONTİNUATİON OF THE PROCEEDİNGS BECOMES UNNECESSARY OR IMPOSSİBLE

16.3 REJECTION OF TIME EXTENTION BY THE COURT

16.4 FAİLURE TO COME TO A DECİSİON

16.5 LOSİNG CAPACİTY DURİNG THE ARBİTRATİON PROCEEDİNGS

16.6 FAİLURE TO PAY THE ADVANCE

16.7 SETTLEMENT

 

Author Detail

Dr. Ziya Akinci, is the founding partner of AKINCI Law Oices, Turkey. He sits as an arbitrator in disputes under the ICC and other institute rules, including ITO and TRAC and also under ad hoc rules. Dr. Akinci acts as party counsel in arbitrations, both domestic and international, and under ICC, ICSID and ad hoc rules. He has previously been requested to provide expert opinions in some arbitration cases. Dr. Akinci is member of the ICC Court.