AALCO MEMBERS FROM ASIA ---> Kingdom of Bahrain Republic of Bangladesh Brunei Darussalam People's Republic of China Republic of Cyprus India Republic of Indonesia Islamic Republic of Iran Republic of Iraq Japan Hashemite Kingdom of Jordan State of Kuwait Lebanon Malaysia Mongolia Union of Myanmar Nepal DPR Korea Sultanate of Oman Pakistan State of Qatar Republic of Korea Kingdom of Saudi Arabia Singapore Democratic Socialist Republic of Sri Lanka State of Palestine Republic of Philippines Syrian Arab Republic Thailand Republic of Turkey United Arab Emirates Republic of Yemen Socialist Republic of Vietnam   AALCO MEMBERS FROM AFRICA ---> Arab Republic of Egypt Republic of Cameroon Republic of The Gambia Republic of Ghana Kenya Libya Mauritius Federal Republic of Nigeria Republic of Senegal Sierra Leone Republic of Somalia Republic of South Africa Republic of Sudan United Republic of Tanzania Uganda

Tehran Regional Arbitration Centre (TRAC), Islamic Republic of Iran

TRAC

Tehran Regional Arbitration Centre (TRAC)[1] was established on 3 May 1997, through an Agreement concluded between the Government of the Islamic Republic of Iran and AALCO. At the AALCO’s 42nd Session in Seoul (2003), the Delegate of Islamic Republic of Iran informed that the Judicial Power has adopted the Agreement and that all the legal procedure applicable in the Islamic Republic of Iran for the ratification of the said Agreement is complete. TRAC effectively commenced its activities on July 2005 by publishing its Rules of Arbitration. TRAC’s current director is Dr. Oveis Rezvanian, appointed on November 2014. On March 2018, TRAC released its new set of Arbitration Rules.

TRAC’s main duty, as an international organization, is to organize institutional arbitration. It is also active in:

  • Promotion of international commercial arbitration in the region;
  • Coordination of the activities of, and assistance to, existing arbitration institutions in the region;
  • Assistance to ad-hoc arbitration, especially in cases applying the UNCITRAL Rules; and
  • Assistance to the enforcement of arbitral awards.

Website: http://trac.ir/


[1] Tehran Regional Arbitration Centre, Floor 7 No. 4 Ghaffari St. Haft-e Tir sq. 1589875888, Tehran, Iran. Telephones: 0098 21 88 32 41 82-83

Fax: 00 98 21 88 32 41 84

Email: secretariat@trac.ir 

Website: www.trac.ir