Disputes with Overseas Brokers and Arbitration in Türkiye

In disputes with brokers and platforms based abroad, jurisdiction, the applicable law and arbitration clauses come to the fore. The subject is covered below for information purposes.

⚖️ Jurisdiction and Applicable Law

The contracts of overseas platforms often contain foreign law and arbitration clauses. However, for platforms that have no legal entity and no SPK permissionTR in Türkiye, a foreign licence alone does not confer authority to operate.

🔍 The Fraud Dimension

Where the dispute involves obtaining a benefit by deceit, the matter may also be assessed as fraudTR; in that case, a criminal complaint in Türkiye also comes into play.

🛡️ From the Victim's Perspective

The records of the contract, transfers and correspondence matter for both a possible arbitration and the criminal complaint process.

❓ Frequently Asked Questions