An Agreement was concluded between the Government of the Islamic Republic of Iran and AALCO on 3 May 1997, for the establishment of a Regional Center for Arbitration in Tehran. At the AALCO’s 42nd Session in Seoul, 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.
The President of the Islamic Republic of Iran ratified the Agreement for implementation on 10 June 2003. Dr. Moshkan Mashkour was appointed as the Director and the Secretary-General of AALCO as per Article V of the Agreement endorsed the Director’s appointment. Further, the Islamic Republic of Iran expressed its readiness to negotiate with AALCO in order to prepare the Administrative Rules and Rules of Arbitration to be followed by the Centre as required by Article II (2) of the Agreement.