Tehran Regional Arbitration Centre

The Tehran Regional Arbitration Centre (TRAC) has been established under the auspices of the Asian-African Legal Consultative Organization (AALCO), pursuant to a resolution adopted by the AALCO in 1987 and an agreement signed in 1997 with the Islamic Republic of Iran.

Its functions are: conducting arbitrations; promoting international commercial arbitration; coordinating the activities of, and offering assistance to, the existing arbitration institutions in the region; providing assistance to ad hoc arbitrations, including acting as appointing authority, particularly in cases where they are taking place in accordance with the UNCITRAL Rules; providing assistance in the enforcement of arbitral awards; and, more generally, providing assistance in the settlement of disputes.