What is the acceptable form of an arbitration agreement according to the Law of
International Commercial Arbitration (LICA)?
The form is varied. An arbitration agreement can be conceived by a document
signed by the parties, or through a letter, facsimile, email and the like,
indicating the creation of an agreement. If one of the parties in his
application for arbitration or in his defense proclaims the existence of an
agreement and the other party accepts it in practice, it is considered that
there is an arbitration agreement.
Who is entitled to ask for arbitration?
All persons who are competent to litigate may ask for settlement of their
disputes through arbitration, in line with the rules set out in LICA. Pending
lawsuits already in the courts can be put to arbitration by mutual agreement of
the parties. However, based on the stipulation of Principle 139 of the Iranian
Constitutional Law, putting governmental and public assets to arbitration needs