BUSINESS LAW (İŞLETME HUKUKU) - (İNGİLİZCE) Dersi Mediation and International Commercial Arbitration soru detayı:
SORU:
What happens if no application for setting aside of an arbitral award is made within the relevant time limit of thirty days, or denial of an application for setting aside becomes final and binding?
CEVAP:
If no application for setting aside of an arbitral award is made within the relevant time limit of thirty days, or denial of an application for setting aside becomes final and binding, the party who wants the enforcement of the award may apply to the court of first instance to obtain a certificate for the enforceability of the award. This is called an exequator. No court charges are applicable to the issuance of an exequator. In granting an exequator, the court of first instance shall, on its own motion, review whether the subject matter of the dispute is capable of settlement by arbitration under Turkish law, or the award is in conflict with the public policy.