The Legal Framework for Arbitration in Iran

General Information

  • UNCITRAL Model-Law based: Yes.
  • Legal Provisions: Chapter VII of the Iran Civil Procedure Law (first included in 1939 Civil Procedure, latest revision in 2000 with only minimal changes).
  • The Law of International Commercial Arbitration (LICA, adopted in 1997 based on UNCITRAL Model Law).
  • The law regarding accession of Islamic Republic of Iran to the New York Convention regarding recognition and enforcement of foreign arbitral awards (2001).

Multilateral Conventions

  • New York Convention: Yes (ratification/accession: 15 October 2001);
  • Multilateral Investment Guarantee Agency (MIGA).

Arbitral Institutions

  • Tehran Regional Arbitration Centre (TRAC);
  • Arbitration Centre of the Iran Chamber (ACIC).

Last updated November 2016