TRAC is working on the revision of the TRAC Rules of Arbitration. We are calling for feedback on the current rules, information and ideas from all our readers and users.  
On February 6, 2017, a cooperation agreement was concluded between the Permanent Court of Arbitration (PCA) and the Tehran Regional Arbitration Centre (TRAC).  
The United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (the "Mauritius Convention on Transparency") will enter into force on 18 October 2017.  
On December 12, 2016, TRAC and the Istanbul Arbitration Centre (ISTAC) hosted a joint conference in Paris in cooperation with Derains&Gharavi Law Firm.  

International Arbitration Day in commemoration of 10th Anniversary of TRAC
On October 8, 2015, in commemoration of its 10th anniversary, the Tehran Regional Arbitration Centre hosted the first ever “International Arbitration Day” in Tehran. The purpose of the conference was to bring together aspiring lawyers, distinguished scholars and prominent advocates of international arbitration to discuss recent challenges and developments in the field of international arbitration, but as well, to explore Iran’s place post-sanctions as a key hub for arbitration in the region.

The conference was composed of an opening ceremony and three panels. In opening ceremony, first, Dr. Morteza shahbazinia (President of Scientific Committee of the conference) and Dr. Oveis Rezvanian (Director of TRAC) delivered a welcome speech. This was followed by the lectures of Dr. Bahar-Vand (Deputy Secretary General of the AALCO) on behalf of Dr. Rahmat Mohamad (Secretary General of the AALCO), Dr. Mohsen Mohebi (Chair of Iran’s Presidential Centre for International Legal Affairs) and Dr. Patricia Shaughnessy (Vice Chairperson of the SCC).

The first panel “International Arbitration in Iran” was moderated by Dr. Morteza Shahbazinia. In this panel, an overview of the foundation of arbitration in Iran, its legal regime, the main arbitral institutions in the country as well as the role of the Iran’s judiciary in international arbitration were discussed. Dr. Moshkan Mashkour (Legal Practitioner and Arbitrator), Dr. Laya Joneydi (Professor of Law at the University of Tehran) and Homayoon Rezai Nejad (Iranian Judge) were three speakers of this panel.

The subject of second panel was “International Arbitration involving State Parties”. This panel was moderated by Ms. Adineh Abghari (Attorney-at-Law and Senior Legal Counsel at TRAC) and three speakers as follow discussed the different challenges and practical issues of international arbitration involving State parties: Dr. Werner Jahnel (Partner at Lalive Law Firm), Dr. Kaj Hobér (Professor of International Investment and Trade Law at Uppsala University) and Dr. Hamid Gharavi (Founding Partner at Derains&Gharavi Law Firm).

The third panel covered the question of diversity challenges in international arbitration. Dr. Gunther J Horvath (Vice President of the Vienna International Arbitral Centre), Suresh Divyanthan (Head of the Oon & Bazul LLP's Commercial Arbitration Practice) and Dr. Georgios Petrochilos (Partner at Three Crowns LLP) provided their experience and insights on the impact of legal and cultural differences in the process of international arbitration. This panel was moderated by Dr. Mojtaba Kazazi (legal practitioner and former judge of the high courts of Tehran).

This conference was the first conference of its kind to be held in Iran and among the participants were lawyers, judges, students, and some of the most prominent scholars and advocates of international arbitration, from abroad and within the country.