The Arbitration Center of Iran Chamber of Commerce (ACIC) was established in 2002, following approval by the parliament of Iran as an affiliate to the Iran Chamber of Commerce. However, it has a distinctive and independent legal character. The ACIC is the first institution to incorporate institutional arbitration into the legal system of Iran for the resolution of both domestic and international disputes.
Read MoreOn 7 August, 46 countries signed the United Nations Convention on International Settlement Agreements Resulting from Mediation. These states have to ensure that international commercial settlement agreements are enforced. After a promising start, there are doubts as to its future implementation.
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