ISTAC Arbitration Rules Training
As Erdem & Erdem, we hosted the sixth session of the ISTAC Arbitration Rules Training series on Thursday, October 31, 2024. During the session titled "Multi-Party Arbitration and Consolidation of Cases," our Managing Associate, Duygu Öner Ayçiçek, and Senior Associate, Melissa Balıkçı Sezen, presented a training session on "Multi-Party Arbitration and Consolidation of Cases" under the ISTAC framework.
In this training, Duygu Öner Ayçiçek and Melissa Balıkçı Sezen addressed multi-party arbitration, defined as disputes involving multiple parties conducted within the scope of a single arbitration agreement or across multiple contracts. They outlined the advantages of multi-party arbitration, including the resolution of disputes by a single arbitral tribunal, prevention of contradictory awards, and reduced costs. However, they also noted potential challenges, such as increased complexity and jurisdictional issues.
Additionally, the training provided a detailed overview of consolidation provisions under the ISTAC Rules. It was explained that under Article 11, cases may be consolidated upon the request of one of the parties, provided that certain conditions are met.
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