TIAC — Tashkent International Arbitration Centre

The TIAC is Uzbekistan’s primary institutional arbitration forum — operational, with internationally recognised arbitrators and a growing caseload from Chinese, Turkish, UAE, and European parties with Uzbek counterparties. TIAC awards are enforceable under the New York Convention. Bond Stone advises on TIAC clause drafting, arbitrator selection, and represents clients in TIAC proceedings from its Tashkent office. TIAC is the recommended forum for commercial disputes between private parties where both sides have Uzbek connections.

ICC — International Chamber of Commerce

ICC arbitration is widely used for major cross-border disputes involving Uzbekistan — particularly in energy, mining, infrastructure, and M&A contexts. ICC Rules provide for scrutiny of awards, Terms of Reference, and an internationally recognised procedural framework. Bond Stone advises on ICC arbitration strategy and acts as Uzbekistan-side counsel in ICC proceedings, managing local evidence gathering, witness preparation, and enforcement of ICC awards in Uzbekistan.

ISTAC — Istanbul Arbitration Centre

ISTAC is highly relevant for Uzbekistan-Turkey commercial disputes — Turkey accounts for 6.4% of Uzbekistan’s FDI and is among the country’s top trading partners. Bond Stone has active ISTAC experience for KZ-Turkey disputes directly applicable to UZB-Turkey trade, goods supply, and distribution agreement disputes. ISTAC awards are enforceable in Uzbekistan under the New York Convention.

LCIA — London Court of International Arbitration

LCIA arbitration under English law is elected in international financing agreements, shareholder agreements, and cross-border M&A transactions involving Uzbekistan where one party insists on a neutral, internationally recognised forum. Bond Stone advises on LCIA clause drafting and acts as Uzbekistan-side counsel, coordinating local evidence and managing enforcement of LCIA awards in Uzbekistan.

Law on Arbitration No. ZRU-831 (2021) — UNCITRAL basis

Uzbekistan’s modern arbitration law — adopted 16 October 2021, modelled on the UNCITRAL Model Law. Covers domestic and international arbitration seated in Uzbekistan. Arbitration agreements must be in writing. The 2021 law significantly modernised the previous 2006 framework — improving enforceability, expanding arbitrability, and aligning Uzbekistan with international best practice.

State entity restrictions — critical for contract drafting

Disputes involving Uzbek state-owned enterprises and state property are subject to the mandatory jurisdiction of Uzbek economic courts — arbitration clauses in contracts with state entities may be unenforceable for these categories. Bond Stone conducts arbitrability analysis before finalising any arbitration clause in a contract with an Uzbek state counterparty — a step that foreign investors routinely omit and later regret.

New York Convention enforcement in Uzbekistan

Uzbekistan ratified the New York Convention in 1996. Foreign arbitral awards are recognised and enforced by Uzbek economic courts — grounds for refusal mirror Article V of the Convention, with public policy being the most frequently invoked. Bond Stone advises on enforceability risk assessment before arbitral proceedings are commenced against an Uzbek respondent.

CISG applicability

Uzbekistan is a party to the UN Convention on Contracts for the International Sale of Goods (CISG). The CISG applies by default to cross-border goods supply contracts involving Uzbek parties — unless expressly excluded. Bond Stone includes a CISG exclusion clause in all goods supply and trade contracts with Uzbek counterparties where the parties intend a different governing law regime.

Seat selection — Tashkent vs foreign seat

A Tashkent seat applies Uzbek arbitration law as the curial law — appropriate for disputes between Uzbek parties or where the Uzbek party insists on a local seat. A foreign seat (London, Singapore, Stockholm, Dubai) applies the curial law of that jurisdiction — preferred by international investors for major transactions. Bond Stone advises on seat selection based on the counterparty profile, governing law, and enforcement strategy.

TIAC — Distribution Agreement Dispute

Arbitration · TIAC · Uzbekistan

Acting for a foreign manufacturer in TIAC arbitration against an Uzbek distributor arising from wrongful termination of an exclusive distribution agreement. Strategy: breach of contract and loss of profits claim. Proceedings ongoing.

ISTAC — UZB–Turkey Trade Dispute

Arbitration · ISTAC · UZB–Turkey

Advising a Turkish supplier in an ISTAC arbitration against an Uzbek importer for non-payment under a goods supply contract. CISG analysis conducted. Parallel Uzbek debt recovery track assessed for concurrent enforcement.

Arbitration Clause Drafting — Chinese JV

Advisory · Uzbekistan · China

Advising a Chinese investor on dispute resolution clause drafting for a JV agreement with an Uzbek state-connected partner — arbitrability analysis, TIAC vs ICC seat assessment, and state entity mandatory jurisdiction carve-out.

BIT Arbitration — Investment Dispute

Investment Treaty · Uzbekistan

Advising a foreign investor on investment treaty arbitration options following a dispute with Uzbek state authorities — BIT treaty selection, ICSID vs UNCITRAL rules assessment, and claim structuring under the applicable bilateral investment treaty.

ICC — Energy Sector Dispute

Arbitration · ICC · Uzbekistan · Energy

Uzbekistan-side counsel in ICC arbitration proceedings involving an energy sector dispute — managing local evidence gathering, Uzbek law expert opinion, and coordination with lead counsel. Award enforcement strategy prepared for Uzbekistan.

TIAC Clause — Pharmaceutical Contract

Advisory · Uzbekistan · Pharmaceuticals

Drafting a TIAC arbitration clause for a pharmaceutical licence agreement — Uzbek governing law, Tashkent seat, Russian language proceedings, and CISG exclusion clause. Arbitrability confirmed for private party pharmaceutical disputes.

New York Convention Enforcement

Enforcement · Uzbekistan · International

Advising a foreign creditor on enforcement of an international arbitral award against an Uzbek respondent — enforceability assessment under the New York Convention, recognition application to Uzbek economic court, and asset tracing.