Tehran Regional Arbitration Center

On September 13, 2017, the Tehran Regional Arbitration Centre (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. The seminar was composed of two panels.  
 

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.  
 

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.  
 
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TRAC & SCC Second Joint Event in Stockholm
On September 13, 2017, the Tehran Regional Arbitration Centre (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. The seminar was composed of two panels.
The event started with the welcome speech of Mr. Oveis Rezvanian, Director of TRAC and Ms. Annette Magnusson, Secretary General of the SCC. In its opening remark, Dr. Oveis Rezvanian provided a brief introduction to salient features of arbitration under TRAC Rules and explained why TRAC is the most favorable forum in the region for conduct of international arbitrations.
Afterwards, moderated by Mr. Erik Belfrage, former diplomat and Senior Vice President at SEB, the first panel addressed “Doing Business in Iran: sanctions, financing and regulations”. The panelists, Ms. Saideh Yahyavi (Head of Middle East Group, Magnusson), Mr. Matas Hedwall (Partner Baker McKenzie Stockholm), Mr. Victor Carstenius (Senior Country Analyst EKN) and Mr. Karsten Stroyberg (Head of Middle East & North Africa) discussed important legal framework and best practices on potential difficulties which may arise in interpreting the outstanding sanctions and making bank transactions, as well as obtaining financing, when doing business with Iran.
The second panel was titled as “efficient dispute resolution for better business”. The panelists, Mr. Fredrik Andersson (Partner, Mannheimer Swartling, Gothenburg), Mr. Mohsen Mohebbi (Professor of Law, Founding Partner, Persia Doostdar Law Offices), Ms. Adineh Abghari (Senior Legal Counsel, TRAC), Mr. Mohammad Hossein Tavana (Legal Counsel, TRAC) and Ms. Shirin Saif (Senior Associate, Roschier, Stockholm) dealt with overview of international arbitration in Iran, as well as the matters of seat of arbitration and applicable law. This panel was moderated by Mr. Johan Sidklev (Partner, Roschier, Stockholm).
This international seminar was warmly welcomed by around 130 guests.
The SCC and TRAC are now planning for the next event to be held in Iran in 2018.