The Istanbul Arbitration Centre (ISTAC), established in 2015, aims to become a major regional hub for international arbitration. It offers a set of arbitration rules that are broadly comparable to those of other major arbitration centers, such as the ICC Rules of Arbitration. ISTAC's rules include provisions for fast track arbitration and an Emergency Arbitrator system to address urgent cases. The rules were officially approved on October 26, 2015, and are designed to facilitate efficient dispute resolution for both international and domestic parties.