Abstract
The essay scrutinizes the challenges arising from the current compulsory mediation application for merchants under the principle of prudent merchants in Turkish Commercial Law. It highlights the necessity for an upgrade in the mediation process to address existing issues effectively. By focusing on the problems associated with mandatory mediation, the proposal advocates for regulatory enhancements to improve the overall mediation experience for merchants operating within the commercial realm.
Keywords
Prudent Merchants, Mediation, Commercial Law.
JEL Classification
K22.
How to cite this article: Erdem, F.B., Çallı, H.Ö., Buyur, K.N., Küçük, A.E., & Erbay, M.N. (2024). Empathizing with prudent merchants: does the current mentality applied in mediation practices take on too much? A proposal from article 97 of the highway traffic law no. 2918. International Journal of Insurance and Finance, 4(1), 43-47. https://doi.org/10.52898/ijif.2024.4