UNCITRAL Model-Law based: Yes.
Legal Provisions: Domestic Arbitration: Chapter VII of the Iran Code of Civil Procedure, as amended.
International Arbitration: The Law of International Commercial Arbitration (LICA), adopted in 1997.
- Arbitration Centre of the Iran Chamber (ACIC)
Tehran Regional Arbitration Centre (TRAC)
New York Convention: Yes (ratification/accession: 15 October 2001); reservations:
(a) In accordance with Article 1(3) of the Convention, the Islamic Republic of Iran will apply the Convention only to differences arising out of legal relationships, whether contractual or not, which are considered as commercial under the national law of the Islamic Republic of Iran;
(b) In accordance with Article 1(3) of the Convention, the Islamic Republic of Iran will apply the Convention, on the basis of reciprocity, to the recognition and enforcement of only those awards made in the territory of another Contracting State Party to the Convention.
Energy Charter Treaty: No.
Last updated February 2019