Arbitration
Arbitration is a private proceeding approved by law that has certain advantages over judicial proceedings. But when referring to arbitration, people should also consider special factors, which is the irrevocability and enforceability of the decision, and the conclusion of a suitable arbitration agreement and correct and legal arbitration, which requires mastery of domestic and international arbitration laws and regulations, can help with this.
Commercial arbitration regulations in Iran are divided into two branches, international commercial arbitration and domestic arbitration, each of which has its own special rules and regulations. Therefore, it is very important to distinguish which arbitration is international and which is domestic. The lawmaker has approved the laws in this area based on the UNCITRAL international regulations in the field of arbitration, so this international image has made the implementation and annulment of arbitration decisions subject to special regulations.
The implementation of international commercial arbitration awards that are issued outside of Iran requires their recognition, and this recognition primarily requires the membership of the country where the arbitration award is issued in the Convention on the Recognition and Enforcement of Foreign Arbitral Awards. This convention, which is known as the New York Convention of 1957, has determined specific conditions for the implementation of arbitration awards, which must be considered in addition to the internal regulations of international commercial arbitration and domestic procedural rules.
At the time of international commercial dispute, arbitration is one of the options for settlement, and with full knowledge of the regulations of the international arbitration field, our company can implement a realistic arbitration and issue a decision, or your representative and lawyer can be in the arbitration and with Monitor the strict implementation of the laws governing arbitration and defend the rights and interests of their clients.
Contact us if you need advocate or arbitration services in Iran
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