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.  
 
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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.