Analysis of the obstacles of a favorable judicial system in the dispute resolution authorities of the Iranian Stock Exchange

Arbitration in the settlement of disputes of the Exchange Organization is such that this organization through the arbitration board can resolve any violation or complaint internally. In this regard, the Securities Market Law approved in 2005, in order to resolve the disputes of market participants, while providing for the three authorities of the stock exchange board, centers and the arbitration board, has also ruled over rules and regulations. Mechanisms that distinguish such proceedings from those of other public and private authorities, such as the courts of justice and the Court of Administrative Justice. Unfortunately, this distinction has received less attention in the judicial system of the country, as well as the procedure of the Court of Administrative Justice as a special administrative authority. As the procedure of the branches of the Administrative Justice Court as a special administrative authority indicates that the handling of complaints and grievances against the Exchange and Securities Organization is not within the competence and competence of this authority. Accordingly, it is necessary to investigate the origin of some exceptions of general judicial or specialized administrative institutions in dealing with the realization of citizens' rights. Therefore, the present article uses a descriptive-analytical method to limit the process of litigation in the stock exchange to internal review boards and identify the weaknesses of such authorities in order to guide us with the desired principles of litigation in these authorities.