Research Article

CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW

Volume: 19 Number: 2 October 2, 2022
TR EN

CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW

Abstract

Arbitration is a judicial process which means the resolution of a dispute, arising from private law and upon which the parties can freely decide before the arbitrators instead of the state courts with the will of the parties. Decisions regarding arbitration proceedings rendered by the arbitral tribunal are final and can be executed. As is seen, the arbitral awards are accepted as equal with the decisions given by the state courts. Therefore, similar to the decision given by the state courts, arbitral awards must also comply with the fundamental principles of procedural law. In order to ensure the supervision of the arbitral awards, it is regulated in Turkish Law that "action for annulment" can be applied. The number of grounds for annulment, which are regulated both in the International Arbitration Law and in the Code of Civil Procedure, is limited. It has been decided that arbitral awards can only be annulled in the presence of the grounds specified in the law. The fact that the arbitrator's fee is determined as a very high amount in arbitration proceedings is not regulated as a ground for annulment in Turkish Law. On the other hand, in the paragraph (f) of Article 393 of the Swiss Federal Civil Procedure Code, in case the arbitrator’s fees are determined to be too high, it is regulated that this will constitute a ground for annulment. Whether this issue, which is not expressly regulated as a ground for annulment in Turkish law, can be subject to the action for annulment within the framework of the annulment grounds specified in both the International Arbitration Law (Article 15/A/II) and the Code of Civil Procedure (Article 439 para 2), can be discussed in the doctrine. For this reason, in our study, the issue of whether the arbitral award can be annulled due to the very high arbitrator fees will be tried to be identified by evaluating them within the scope of the grounds for annulment specified in the Turkish national and international arbitration legislation.

Keywords

References

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Details

Primary Language

English

Subjects

Law in Context

Journal Section

Research Article

Publication Date

October 2, 2022

Submission Date

April 23, 2022

Acceptance Date

July 20, 2022

Published in Issue

Year 2022 Volume: 19 Number: 2

APA
Işık, S. (2022). CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW. Yeditepe Üniversitesi Hukuk Fakültesi Dergisi, 19(2), 701-732. https://izlik.org/JA35GR48LA
AMA
1.Işık S. CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW. YÜHFD. 2022;19(2):701-732. https://izlik.org/JA35GR48LA
Chicago
Işık, Serpil. 2022. “CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW”. Yeditepe Üniversitesi Hukuk Fakültesi Dergisi 19 (2): 701-32. https://izlik.org/JA35GR48LA.
EndNote
Işık S (October 1, 2022) CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW. Yeditepe Üniversitesi Hukuk Fakültesi Dergisi 19 2 701–732.
IEEE
[1]S. Işık, “CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW”, YÜHFD, vol. 19, no. 2, pp. 701–732, Oct. 2022, [Online]. Available: https://izlik.org/JA35GR48LA
ISNAD
Işık, Serpil. “CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW”. Yeditepe Üniversitesi Hukuk Fakültesi Dergisi 19/2 (October 1, 2022): 701-732. https://izlik.org/JA35GR48LA.
JAMA
1.Işık S. CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW. YÜHFD. 2022;19:701–732.
MLA
Işık, Serpil. “CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW”. Yeditepe Üniversitesi Hukuk Fakültesi Dergisi, vol. 19, no. 2, Oct. 2022, pp. 701-32, https://izlik.org/JA35GR48LA.
Vancouver
1.Serpil Işık. CAN ARBITRAL AWARDS BE ANNULLED BECAUSE OF VERY HIGH ARBITRATOR FEES? EVALUATIONS REGARDING GROUNDS FOR ANNULMENT OF ARBITRAL AWARDS SPECIFIED IN TURKISH AND SWISS LAW. YÜHFD [Internet]. 2022 Oct. 1;19(2):701-32. Available from: https://izlik.org/JA35GR48LA