Abstrakti
The globalization of commerce has increased the importance of effective,
predictable, and internationally respected mechanisms for resolving
disputes. Arbitration, particularly international arbitration, has become
a pivotal and attractive feature of transnational business regulation,
given its flexibility, neutrality, and the ability, under widely adopted
international treaties, such as the New York Convention of 1958, to
gain quick and effective enforcement of arbitral awards. While many
countries, including North Macedonia and Türkiye, have modernized
their arbitration laws by adopting provisions from the UNCITRAL
Model Law on International Commercial Arbitration, differing levels
of institutional development and variations in legal traditions tend to
produce significant disparities in arbitration performance and capacity in
emerging legal systems (International Arbitration Law No. 4686, 2001,
Art. 4). This article considers the potential benefits, as well as possible
pitfalls, of selectively borrowing elements of the Turkish arbitration
system for application in North Macedonia, suggesting that a progressive
process of legal harmonization and gradual institutional development is
preferable to wholesale transplantation (New York Convention, 1958,
Art. V). The Turkish experience is worthy of close examination, given
Türkiye’s unique history of legal development, civil law tradition, and
position as a gateway between Europe and Asia, all of which offer
promising parallels for the fast-changing market-oriented legal system
of North Macedonia. Drawing on comparative law methodology, theories
of institutional development, and concepts of policy sequencing, this
paper assesses how improvements in arbitration practice and law may
contribute to greater court efficiency, foreign direct investment, and
regional economic integration in the Western Balkans, ultimately proposing a comprehensive reform strategy based on legal harmonization,
institutional education, and professional community building (Law on
International Commercial Arbitration, 2006, art. 10).
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