On December 12, 2016, TRAC and the Istanbul Arbitration Centre (ISTAC) hosted a joint conference in Paris in cooperation with Derains&Gharavi Law Firm.
Iran and Turkey, two regional giants with fastest growing economies and great historical heritages, each host today an arbitral institution (TRAC & ISTAC) that offers legal and cultural safeguards for cost effective means of international dispute resolution.
TRAC and ISTAC have decided to engage in joint efforts by way of yearly conferences in Paris, Istanbul, and Teheran, to introduce their rules and operations, to set out their distinguishing features, and to explain why the public and private operators of the two countries will increasingly propose both of these two institutions to foreign parties as alternatives to other regional and international institutions for the resolution of international disputes.
The first conference was held in Paris on December 12, 2016 and warmly welcomed by practitioners and arbitrators from different law firms. This conference was composed of an opening speech by Dr. Hamid Gharavi and two panels. In the first panel moderated by H.E. Judge Awn Al-khasawneh, the history, ground rules and objectives of TRAC and ISTAC were presented by Dr. Oveis Rezvanian (Director of TRAC) and Professor Ziya Akinci (President of ISTAC). The subject of second panel was the governmental support and legislative and judicial safeguards in Iran and Turkey. Dr. Mohsen Mohebi (Head of Center for International Legal Affairs of the Islamic Republic of Iran) and Mr. Mulat Alici (Head of BIT and Foreign Investment, Ministry of Economy of the Republic of Turkey) were two speakers of this panel moderated by Professor Pierre Mayer.
The next conference will be held in July 2017 in Tehran.