Many investors are unaware of the existence of the Agreement for the Promotion, Protection and Guarantee of Investments among the Member States of the Organisation of the Islamic Conference (the “OIC Investment Agreement”) and its provisions regarding dispute settlement. The Organization of the Islamic Conference (the “OIC”; Arabic: منظمة التعاون الإسلامي; French: Organisation de la […]
Do The IBA Rules on the Taking of Evidence in International Arbitration Conflict with Islamic Sharia?
Do The IBA Rules on the Taking of Evidence in International Arbitration Conflict with Islamic Sharia? Under at least the Hanbali school of Islamic jurisprudence, which is the official fiqh recognized by Saudi Arabia, Article 4(2) of the IBA Rules of Evidence in International Arbitration plainly conflicts with Islamic Sharia as understood by Hanbali jurisprudence. This […]
THE DEVELOPMENT OF INTERNATIONAL ARBITRATION IN TURKEY by Turgut Aycan Özcan
THE DEVELOPMENT OF INTERNATIONAL ARBITRATION IN TURKEY by Turgut Aycan Özcan A. Introduction As a bridge between the Europe and the Middle East, Turkey plays an important and geopolitical role, which connects these two continents not only in the political meaning but also in the economical meaning. Thus, as a developing country, Turkey has become […]
Israeli-Palestinian ICC Arbitration Center Nears Completion
The ICC’s Israeli-Palestinian Jerusalem Arbitration Center is reportedly to begin functioning soon. This neutral arbitration center, a creation of Paris’ neutral ICC International Court of Arbitration, is intended to resolve commercial conflicts concerning the 3-4 billion USD of trade between Palestinians and Israelis. Previously, such commercial conflicts had to be resolved either before the courts […]