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I NTERNAT I ONAL COMMERC I AL LAW

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objections that the conditions for enforcement under the relevant provisions

of the IPPL do not exist, that the foreign court decision has already been

partly or fully fulfilled, or that an event which hinders its fulfillment has

occurred.

The Turkish court may decide to enforce the judgment fully or partially,

or may refuse enforcement.

Cautio Judicatum Solvi.

Foreign real or legal persons who commence

an action in a Turkish Court, participate in a pending lawsuit, or seek

execution of a judgment must provide security in an amount to be

determined by the court to cover court and execution costs and the damages

of the counterparty.

On the basis of reciprocity, the court may release the foreigner claimant

from the obligation to provide security.

Conditions of Recognition and Enforcement

Only foreign judgments in civil law matters (or exceptionally in

criminal matters to the extent they contain money judgments) are subject

to recognition and enforcement.

Reciprocity

The IPPL regulates that the competent court renders a decision for

enforcement if there is a reciprocity agreement between the Turkish

Republic and the State where the judgment has been rendered or if a

statutory provision or actual practice in that country makes the enforcement

of Turkish court decision possible.

Turkey has signed reciprocity agreements with some countries, but

reciprocity established by an international agreement is not a prerequisite

for enforcement of a foreign judgment.

De facto

reciprocity is also

sufficient. Such

de facto

reciprocity has already been established for court

decisions rendered in some of the Western European countries, including

Germany, Holland, the UK, and Switzerland.

Exclusive Jurisdiction

The foreign court decisions concerning a matter where Turkish

Courts have exclusive jurisdiction cannot be enforced in Turkey. Under