Journals / İnönü Üniversitesi Hukuk Fakültesi Dergisi / 2022 / Cilt: 13 - Sayı: 2

EXECUTION OF INTERNATIONAL ARBITRATION AWARDS AGAINST STATE BANK ACCOUNTS AND STATE IMMUNITY DEFENSE IN THE LIGHT OF RECENT CASE LAW

GÜNCEL İÇTİHATLAR IŞIĞINDA ULUSLARARASI TAHKİM KARARLARININ DEVLET BANKALARI ALEYHİNE CEBRİ İCRASINDA BAĞIŞIKLIK SAVUNMASI

Pages
290–305
Publication Date
2022-12-31
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The article also reviews the provisions of international instruments namely New York and ICSID Conventions, the general approach of common and civil law countries, waiver from state immunity and its procedure, state assets under special protection and the potential target of foreign state bank accounts, particularly consular and central bank accounts.

📌 3 Key Takeaways

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Objective & Hypothesis:As the state and state entities increasingly deal with commercial and investment relationships, it is not uncommon to refer the dispute arising out of these relationships to arbitration.
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Key Findings & Data:State may present the defense of immunity from jurisdiction during the arbitration proceeding, and recognition and enforcement stage of the arbitration award.
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Conclusion & Impact:The article also reviews the provisions of international instruments namely New York and ICSID Conventions, the general approach of common and civil law countries, waiver from state immunity and its procedure, state assets under special protection and the potential target of foreign state bank accounts, particularly consular and central bank accounts.
🔬Design:Review & Systematic Survey
📍Scope:Comprehensive Sample
⚙️Variables:Tahkim Kararı · Tanıma ve Tenfiz · Yargı Bağışıklığı

Abstract

As the state and state entities increasingly deal with commercial and investment relationships, it is not uncommon to refer the dispute arising out of these relationships to arbitration. State may present the defense of immunity from jurisdiction during the arbitration proceeding, and recognition and enforcement stage of the arbitration award. In addition, immunity from execution might be raised as an objection at execution stage of international awards. Enforcement measures are criticized to intervene in a direct and broad way of sovereignty of a state. On the other hand, there should be a balance for access to justice for the creditor. The paper mainly discusses the impact of arbitration agreement on waiver of juridical and execution immunity of state. The article highlights the harmonization attempts on state immunity, related international treaties and interpretation of the issue by case law in different jurisdictions. The article also reviews the provisions of international instruments namely New York and ICSID Conventions, the general approach of common and civil law countries, waiver from state immunity and its procedure, state assets under special protection and the potential target of foreign state bank accounts, particularly consular and central bank accounts.

Özet

Kamu kurum ve kuruluşların uluslararası ticaret ve yatırım sözleşmelerine taraf olmasının bir sonucu olarak, bu hukuki ilişkilerden doğan bazı ihtilaflarda tahkim yolu karşımıza çıkmaktadır. Devletler, tahkim yargılamasına karşı ve tahkim yargılama sonucu verilen kararların tanınması ve tenfizi aşamasında yargı bağışıklığı savunması ileri sürebilmektedir. Ayrıca devletler, tahkim yargılaması neticesi verilen kararların cebri icrası aşamasında icra bağışıklığını iddia edebilmektedir. Tahkim kararın yabancı bir devlet aleyhine tenfiz ve icra başvurusunda, ev sahibi devletin yabancı devlet egemenliğine doğrudan ve geniş müdahalesi eleştirilebilir. Alacaklının alacağına kavuşması amacıyla dengeli bir yaklaşım ihtiyacı doğmaktadır. Makalede özellikle, tahkim anlaşmasının yargı ve icra bağışıklığı üzerine etkisi değerlendirilmekte, devlet bağışıklığına ilişkin uluslararası uyum çalışmaları, uluslararası anlaşmalar ve farklı ülke içtihatlarında konunun yorumu incelenmektedir. Çalışmada ayrıca, tahkim kararlarının tanınması ve tenfizine ilişkin New York ve ICSID Sözleşmelerinin konuya etkileri, devletlerin yargı ve icra bağışıklıklarından feragati, feragatin usulü ve kapsamı, özel koruma altında bulunan devlet malları, yabancı devletlerin banka hesapları, konsolosluk hesapları ve merkez bankası hesaplarının cebri icrası yer almaktadır.

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Cite This Article

ESKİYÖRÜK, S. (2022). EXECUTION OF INTERNATIONAL ARBITRATION AWARDS AGAINST STATE BANK ACCOUNTS AND STATE IMMUNITY DEFENSE IN THE LIGHT OF RECENT CASE LAW. İnönü Üniversitesi Hukuk Fakültesi Dergisi, Cilt: 13 - Sayı: 2, 290–305. https://ajindex.com/articles/875166

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