Arbitration Center of Iran Chamber (ACIC) was established in 3 February 2002 by virtue of a specific piece
of law called "The Law on Auricles of Association of ACIC" as
approved by the parliament of Iran.
ACIC is organized as an affiliate to the Iran Chamber of Commerce but enjoys
independent legal personality. ACIC is the first Iranian independent
arbitration institution established for the purpose of settlement of both
domestic and international disputes through arbitration or conciliation.
article 4 of the said Law the organization of ACIC consists of: (i) a seven
member board of directors, (ii) the secretary general who shall be appointed by
the board among Iranian eminent lawyers, and (iii) the arbitrators.
Article 8 of the
Law provides that the arbitrators shall be among lawyers, businessmen and other
knowledgeable, reputable and experienced individuals with sufficient knowledge
of the domestic and foreign commercial rules and usage. The parties may elect
and appoint their arbitrator among Iranian or foreign qualified individuals.
proceedings in international arbitration referred to ACIC are governed by
"The Law on International Commercial Arbitration" (LICA) enacted in
1997 and on the basis of UNCITRAL Model Law, and in cases of domestic
arbitration the "Civil Procedure Code" (CPC) approved in 2001 shall
apply. However, the parties may agree on procedural rules of arbitration to the
extent consistent with the mandatory rules of the said laws.
the disputes to ACIC may be through either ways:
(i) separate arbitration agreement ;
(ii) arbitration clause in the underlying contract, and
(iii) actual submission by the claimant and acceptance by the respondent.
Under current rules there is no right to appeal on arbitration award. However,
under certain conditions stipulated by law the arbitral award can be set aside
by the court. The ground for setting aside a domestic award is not always the
same as those in international awards.
Arbitration costs consist of administrative expenses of ACIC and the
arbitrator's fee. An advance on the costs is determined by the secretary
general of ACIC and must be paid by the parties during the initials stage of
the arbitral proceedings. The costs are calculated in accordance with schedules
appended to ACIC regulations on costs and are subject to the amount claimed.
The arbitral tribunal can award all or a portion of the costs on both or each
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