On July 5, 2017, Tehran Regional Arbitration Centre (TRAC) and Istanbul Arbitration Centre (ISTAC) hosted their Second Joint Seminar in Tehran.  
On 7 June 2017, the Republic of Fiji deposited the instrument of ratification with the Secretary-General of the United Nations to accede to the UN Convention on Contracts for the International Sales of Goods.  
The Fifty-Sixth Annual Session of the Asian-African Legal Consultative Organization (AALCO) was held in Nairobi, Kenya from 1st to 5th May 2017.  
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.  

TRAC signed Cooperation Agreement with PCA
On February 6, 2017, a cooperation agreement was concluded between the Permanent Court of Arbitration (PCA) and the Tehran Regional Arbitration Centre (TRAC).

The cooperation agreement establishes a framework for the two organizations to join forces in the promotion of arbitration as a means for the peaceful settlement of international disputes, and in raising awareness about developments in the field. In addition, it formally recognizes the benefits of cooperation among international arbitral institutions.

On a practical level, under this agreement, each institution will be able to hold hearings and meetings at the other’s premises, and will assist with the arrangement of local support services for such events.