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New York Convention in Iran
Islamic Republic of Iran jointed the Convention on Recognition and Enforcement of Foreign Arbitral Awards (New York Convention, 1958) by ratifying it on 2001. Accordingly, the arbitral awards which are issued in a contracting state other than Iran shall be enforced in accord with New York Convention. New York Convention [...]
Court intervention in Iran arbitrations
Iran has two arbitration regimes: Domestic Arbitration which is governed by section 7 of Iran Civil Procedure Code and International Arbitration which is governed by Law on International Commercial Arbitration (LICA). In order to find out more about these acts and the differences between them, click here. Court intervention in [...]
Institutional Arbitration in Iran
Although ad-hoc arbitration might have some advantages, institutional arbitration in Iran is known as a safe solution, mainly because the rules governing the arbitration proceedings are clear and the management of the case is more structured and efficient. According to Iran’s Law on International Commercial Arbitration (LICA), some important authorities [...]
Arbitration Agreement in Iran
There are two different regimes of arbitration in Iran for governing domestic and international arbitrations, and consequently, for governing the arbitration agreement in Iran: Section 7 of the Civil Procedure Code which governs the “Domestic Arbitrations”; and Law on International Commercial Arbitration (LICA) (Also known as International Commercial Arbitration Act (ICAA)) [...]
Applicable Law in Iran Arbitration
Iranian courts and arbitral tribunals, as to the matter of applicable law, have different approaches. Therefore, one should take a number of considerations into account while dealing with this matter. A. Courts and Applicable law Iranian courts are required to consider the Iranian Rules of Conflict of Laws. Accordingly, the [...]
Arbitration Law in Iran
Iran arbitration regime is basically governed by two different Acts: Section 7 of the Civil Procedure Act which governs “Domestic Arbitrations”; and Law on International Commercial Arbitration (LICA) which governs “International Arbitrations”. It is easy to distinct between domestic and international arbitration under Iran arbitration system: when both parties to [...]
