Tehran Regional Arbitration Center

TRAC is pleased to inform that it is considering a new set of Arbitration Rules, to be published and be effective as of March 2018.  

On September 13, 2017, the TRAC together with the Arbitration Institute of the Stockholm Chamber of Commerce (SCC), the Stockholm Chamber of Commerce, and International Chamber of Commerce Sweden (ICC Sweden) hosted their second joint international seminar, in Stockholm, on doing business in Iran.  

On September 6, 2017, the Tehran Regional Arbitration Centre (TRAC) and the Arbitration Center of Iran Chamber (ACIC) hosted a one-day joint training course on International Construction Contracts & Dispute Resolution.  

On July 5, 2017, Tehran Regional Arbitration Centre (TRAC) and Istanbul Arbitration Centre (ISTAC) hosted their Second Joint Seminar in Tehran.  

New Party to the Convention on Contracts for the International Sales of Goods
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 United Nations Convention on Contracts for the International Sales of Goods adopted in 1980 (“CISG”).

The CISG will enter into force in Fiji on 1 July 2018. Fiji becomes the 86th State worldwide and the 15th out of 56 States in the Asia-Pacific region to adopt the CISG.

More information regarding status of implementation may be found here: http://www.uncitral.org/uncitral/en/uncitral_texts/sale_goods/1980CISG.html.