On February 1, 2018, Istanbul Arbitration Centre (ISTAC) hosted the third ISTAC-TRAC joint conference in Istanbul, in cooperation with Derains&Gharavi International Law Firm. The conference composed of two opening remarks, two round tables and a keynote speech.
Mr. Dominique Perben, Former French Minister of Justice and a Partner at Betto Seraglini, and Mr. Rıfat Hisarcıklıoğlu President of the Union of Chambers and Commodity Exchanges of Turkey opened an introduction to the conference.
In the first roundtable, titled as “Emerging Arbitration Institutions: Room and Ingredients for Success?” Professor Ziya Akıncı, President of ISTAC and Dr. Oveis Rezvanian, Director of TRAC introduced two arbitration centers and reviewed some latest development thereon. Dr. Rezvanian also provided an introduction to TRAC new Rules of Arbitration 2018 and unveiled some of its innovative features.
In the second roundtable, titled as “The business and arbitration opportunities in the region? How to improve? How to cooperate?” and moderated by Professor Ziya Akıncı, the panelists shared some thoughts on the improvement of arbitration in the region, namely in Iran, Turkey and Arab countries. The panelists were Dr. Mohammad Jafar Ghanbari Jahromi, Mr. Ayman Odeh and Professor Ercüment Erdem.
After all, Dr. Hamid Gharavi, court member of ISTAC and the partner of Derains & Gharavi Law Offices delivered a keynote speech in which he highlighted the safeguards that arbitration institutions should create for securing the highest degree of impartiality and independence in conduct of arbitration proceedings. Dr. Gharavi further provided some practical advices for strengthening the relation between TRAC and ISTAC.
As a half day conference, it was warmly welcomed by legal practitioners, in-house counsel, business people and distinguished scholars.