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B. I. NOUVELLES DE L'ARBITRAGE A L'ETRANGER Update, Thoughts and Perspectives on Iran's International Arbitration Regime Hamid G. GHARAVI * The Government of the Islamic Republic of Iran (((Iran)))acceded to the 1958 United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Award (the ((New York Conventiom)) on October 15, 200 1 with the commercial and reciprocity reservations: and subject to Article 139 of the Constitution of Iran The Iranian Government had cautiously received prior authorization from competent Iranian legislative authorities for so doing. Indeed, the Iranian Government had previously submitted Bill No. 21378140077 dated December 4, 2000 requesting authorization to accede to the New York Convention. This Bill was approved by the Islamic Consultative Assembly (the Iranian parliament) on April 10,200 1 and ratified by the Guardians council3 on April 18, 2001 .4 All the legal formalities for the enforceability of the New York Convention in Iran have thus been fulfilled. Iran's accession to the New York Convention, four decades after the elaboration thereof, silences foreign observers who often accuse Iranians of lacking patience. Hamid Gharavi is a member of the Paris and of the New York bar, practicing international litigation and arbitration in the Paris
ASA Bulletin – Kluwer Law International
Published: Jan 21, 2000
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