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concluded disputes). There are also some Turkish companies that have
initiated legal proceedings before ICSID against other contracting states,
especially for disputes arising from construction activities.
Conclusion
The fact that Turkey is party to the Convention encourages both
foreign investors who may invest in Turkey and Turkish investors who
may invest in other contracting states. The Convention protects the rights
of foreign investors. Therefore, for Turkish investors who may invest
abroad, it may be appropriate to consider whether the country where the
investment will take place is a contracting state to the Convention.