Termination of Arbitral Proceedings According to Turkish International Arbitration Act

Abstract

Arbitration proceedings which the parties have applied for reasons such as confidentiality, expertise, promptness and objectivity, may come to an end for various reasons. Among these reasons, the first one that comes to mind is the rendering of an arbitral award, which essentially resolves the dispute between the parties in merits. The possibility of annulment of such an arbitral award will be reduced if it evaluates the main claims and defenses of the parties, does not contain inconsistencies, does not exceed the boundaries of the arbitration agreement, and if it is including a satisfying reasoning. Arbitration proceedings may also come to an end for reasons such as the parties' reaching a solution to the dispute by mutual agreement, the withdrawal of the case by the plaintiff and the impossibility or unnecessary continuation of the arbitral proceedings. This study concentrates on topics such as how such situations will end the arbitral process, how the arbitrators should act during such possibilities and what rights and obligations parties have in such circumstances.