Awards

Recognition and enforcement of foreign arbitration awards in Turkey

TURKEY became a signatory to the New York Convention on the Recognition and Enforcement of Foreign Arbitration Awards on October 1, 1992, and to the European Convention on International Commercial Arbitration on September 23, 1991. The domestic law relating to the enforcement of foreign arbitration awards is the Private International and Procedural Law No 2675 of Turkey, which...

Buried treasure

ODYSSEY Marine Exploration Inc is seeking permission from the UK Ministry of Defence to bring up the remains of a wreck lying half-a-mile down near the Strait of Gibraltar. The Florida-based company believes that the wreck is the remains of the HMS Sussex, which was lost in 1694 carrying a cargo of gold and silver coins. Odyssey Marine may be entitled to substantial...

Wider appeal - Widening of the scope of appeals from commercial arbitration awards

Wider appeal NOT many lord mayors get asked to deliver the Cedric Barclay Memorial Lecture. But The Rt Hon Lord Mayor of the City of London, Alderman Robert Finch, did just that at the fifteenth International Congress of Maritime Arbitrators in London recently. "London is still the cornerstone of international commercial arbitration and commercial law," he said, "But, to...