TRAC

Tehran Regional Arbitration Centre (TRAC) is an independent international organization under the auspice of the Asian-African Legal Consultative Organization (AALCO). TRAC has been established pursuant to the Agreement signed on 3 May 1997, between the Islamic Republic of Iran and AALCO. The Agreement came into force in July 2004, after receiving ratification from the Iranian legislative bodies. TRAC effectively commenced its activities one year later, in July 2005, and published its Rules of Arbitration on that date... Considering its central position in the South West Asia and the Persian Gulf, TRAC is a favorable organization for international arbitration. Since its establishment, TRAC offers a range of institutional support as a neutral,independent and international organization for the conduct of domestic and international arbitration proceedings. TRAC's arbitration clause has continued to be inserted in various types of international contracts such as oil and gas services,..

Also known as: Tehran Regional Arbitration Center, Tehran Regional Arbitration Centre

Primary location: Tehran Iran