UZBEKISTAN \u00b7 DISPUTE RESOLUTION<\/p>\n
Bond Stone advises on international arbitration in Uzbekistan \u2014 representing clients before the Tashkent International Arbitration Centre (TIAC) and in international proceedings under ICC, LCIA, and ISTAC rules, and advising on arbitration clause drafting, seat selection, governing law, and enforcement of arbitral awards in Uzbekistan under the New York Convention.<\/p>\n
International arbitration is the preferred dispute resolution mechanism for cross-border commercial transactions involving Uzbekistan \u2014 providing confidentiality, neutral forum, party autonomy, and enforcement in 170+ New York Convention states. Uzbekistan’s modern arbitration framework \u2014 Law on Arbitration No. ZRU-831 dated 16 October 2021 \u2014 provides an internationally recognised UNCITRAL-based structure for both domestic and international arbitration. The TIAC has established itself as Uzbekistan’s primary institutional arbitration forum with a growing international caseload and a panel of internationally recognised arbitrators.<\/p>\n
Primary authority: Law of the Republic of Uzbekistan “On Arbitration” No. ZRU-831 dated 16 October 2021; Economic Procedural Code of the Republic of Uzbekistan; New York Convention on Recognition and Enforcement of Foreign Arbitral Awards (1958). Authority: lex.uz<\/a><\/p>\n <\/p>\n Uzbekistan \u2014 Market Context 2025<\/p>\n USD 43B<\/p>\n FDI in 2025 \u2014 growing cross-border dispute pipeline<\/p>\n<\/p><\/div>\n 50+<\/p>\n Bilateral investment treaties \u2014 treaty arbitration access<\/p>\n<\/p><\/div>\n TIAC<\/p>\n Tashkent International Arbitration Centre \u2014 operational<\/p>\n<\/p><\/div>\n 1996<\/p>\n New York Convention ratified \u2014 170+ state enforcement<\/p>\n<\/p><\/div><\/div>\n<\/div>\n TIAC \u2014 Tashkent International Arbitration Centre<\/p>\n The TIAC is Uzbekistan’s primary institutional arbitration forum \u2014 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.<\/p>\n<\/p><\/div>\n ICC \u2014 International Chamber of Commerce<\/p>\n ICC arbitration is widely used for major cross-border disputes involving Uzbekistan \u2014 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.<\/p>\n<\/p><\/div>\n ISTAC \u2014 Istanbul Arbitration Centre<\/p>\n ISTAC is highly relevant for Uzbekistan-Turkey commercial disputes \u2014 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.<\/p>\n<\/p><\/div>\n LCIA \u2014 London Court of International Arbitration<\/p>\n 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.<\/p>\n<\/p><\/div>\n<\/div>\n Law on Arbitration No. ZRU-831 (2021) \u2014 UNCITRAL basis<\/p>\n Uzbekistan’s modern arbitration law \u2014 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 \u2014 improving enforceability, expanding arbitrability, and aligning Uzbekistan with international best practice.<\/p>\n<\/p><\/div>\n State entity restrictions \u2014 critical for contract drafting<\/p>\n Disputes involving Uzbek state-owned enterprises and state property are subject to the mandatory jurisdiction of Uzbek economic courts \u2014 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 \u2014 a step that foreign investors routinely omit and later regret.<\/p>\n<\/p><\/div>\n New York Convention enforcement in Uzbekistan<\/p>\n Uzbekistan ratified the New York Convention in 1996. Foreign arbitral awards are recognised and enforced by Uzbek economic courts \u2014 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.<\/p>\n<\/p><\/div>\n CISG applicability<\/p>\n 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 \u2014 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.<\/p>\n<\/p><\/div>\n Seat selection \u2014 Tashkent vs foreign seat<\/p>\n A Tashkent seat applies Uzbek arbitration law as the curial law \u2014 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 \u2014 preferred by international investors for major transactions. Bond Stone advises on seat selection based on the counterparty profile, governing law, and enforcement strategy.<\/p>\n<\/p><\/div>\n<\/div>\n
\nArbitration Forums \u2014 Bond Stone Experience<\/h2>\n
\nUzbekistan Arbitration Law \u2014 Key Features<\/h2>\n
\nArbitration Clause Drafting \u2014 Common Errors<\/h2>\n