EghtesadOnline: A specialized judicial center will be launched in Tehran within the next three months for resolving commercial disputes, says the head of the Ministry of Industries, Mining and Trade's Business Environment Study and Monitoring Center.
“We intend to launch complexes in other provinces similar to the one in Tehran. We believe businesspeople should not be compelled to enter courts where all sorts of crimes are prosecuted, since commercial disputes are of a totally different nature,” Ali Firouzi was quoted as saying by ILNA.
The official noted that these specialized judicial complexes are being set up for trade and commercial cases to be resolved by judges who have a thorough knowledge and understanding of commercial regulations and legal disputes.
“We also aim to elevate Iran’s ranking in the global ease of doing business index.”
Firouzi said judges in these specialized judicial complexes will be assisted by commercial advisors so legal disputes can be settled as fairly, accurately and promptly as possible.
Iran’s ease of doing business ranking improved by one place to stand at 127th among 190 economies in the World Bank's latest Ease of Doing Business Report.
he 2020 report shows the country's distance to frontier score saw a decline of 0.1 percentage point, compared to last year’s 58.6 to 58.5 in the new report.
The World Bank report measures the efficiency of the judicial system in resolving a commercial dispute and the quality of judicial processes.
Iran ranks 90th with a score of 58.2, which indicates no change over last year.
Contract enforcements in Iran take 505 days, costing 19.3% of the value of the claim. The economy scores five (out of 18) on the quality of judicial processes index.