A. LEGISLATION, TRENDS AND TENDENCIES
A.1 Legislation
Arbitration proceedings in Uzbekistan are regulated by
international treaties ratified by Uzbekistan and by domestic
legislation. Uzbekistan is a party to a number of international
and regional treaties that relate to arbitration, including the New
York Convention as well as several CIS treaties. Additionally,
Uzbekistan is a Member State of the International Centre for
Settlement of Investment Disputes Convention (ICSID), and
investors thereby have the right to seek settlement of disputes
within the framework of this convention (subject to an
arbitration agreement between investors and Uzbekistan).
Regarding domestic arbitration, the Law on Arbitration Courts
(the “Law”) was adopted only in 2006. The main provisions of
this law are based on UNCITRAL Model Law principles, but
there are some significant differences. For example, an arbitral
tribunal may only apply Uzbekistan legislation, and violation of
this rule is a ground for setting aside an award. In addition to the
Law, arbitration is also regulated by relevant provisions of the
Civil Procedural Code and the Commercial Procedural Code.
There is no specific legislation that sets forth rules for
international arbitration proceedings in Uzbekistan. Therefore,
Uzbek authorities are currently considering adopting a specific
law regulating international arbitration and the enforcement of
foreign awards.