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| Article Name : | | | DEVELOPMENT OF INTERNATIONAL COMMERCIAL ARBITRATION IN IRAN | | Author Name : | | | SABER HABIBI SAVADKOUHI , SADEGH HABIBI SAVADKOUHI AND RAMESH | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ROR-311 | | Article : | |  | Author Profile | | Abstract : | | | The significant of international commercial arbitration as a tool in resolving international transaction conflicts cannot be overstated. International commercial arbitration is considered as the best method for resolution of disputes with various advantages like quickly, flexibility, consistency, cheap, fairness and confidentiality that may be lacking in the existing legal system which is not able to cope up with the ever increasing burden of international trade conflicts. Most recently, Islamic republic of Iran (hereinafter Iran) opened a new chapter and fresh confidence toward arbitration especially international commercial arbitration when the Iranian parliament was enacted a new legislation on international arbitration entitled Law on International Commercial Arbitration (hereinafter LICA) on 1997 with 9 parts compose 36 sections. The LICA directly adopted most significant provisions of the United Nations Commission on International Trade Law (hereinafter UNCITRAL Model law) which it is a great and positive leap in Iranian arbitration act but the mere following of the UNCITRAL Model law will not guarantee modernize of Arbitration Act. A big legal reform is required to be improved in order to develop the arbitration in Iran. This survey follows a development perspective in which development of LICA in Iran with the purpose of understanding two main questions;1) How did LICA grow in Iran ? And, 2) what is the position and problem of LICA 1997? | | Keywords : | | |
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