Open AccessDispute Settlement in Iran’s Stock Market
Author(s) -
Omid Ghasemi,
Seyed Mohammad Aghamiri
Publication year - 2016
Publication title -
journal of politics and law
Language(s) - English
Resource type - Journals
eISSN - 1913-9055
pISSN - 1913-9047
DOI - 10.5539/jpl.v10n1p245
Subject(s) - arbitration , jurisdiction , business , settlement (finance) , legislature , jury , law , law and economics , context (archaeology) , compulsory arbitration , political science , economics , finance , paleontology , payment , biology
Arbitration has long been considered by people to settle disputes. Moreover, due to the specific advantages of this method, it has a particular place in different legal systems and it has been attempted to use it in important contexts, even family disputes. Nowadays, arbitration is a significant alternative to settle disputes in a business context. Exchange is one of the crucial fields of domestic and foreign trade. In this regard, the legislature with the goal of using arbitration advantages such as speed, accuracy and expertise, has considered this method to settle exchanged disputes and introduced a committee called “jury” in Securities Market Act enacted in 2005. But it has imposed criteria and rules that made it distinctive from arbitration. This study aimed to study this committee and clarify its legal nature and jurisdiction.