A new arbitration institution has opened its doors and has already started to register its cases in Istanbul. The Istanbul Arbitration Centre (ISTAC) has become operational in the third quarter of 2015, offering to its users a set of arbitration and mediation rules, along with emergency arbitrator and Fast Track Arbitration procedures. In this article, the author presents the main features of the arbitration rules and points to the linguistic, financial, logistical and geographical advantages of this new centre.