Commercial arbitration in Uzbekistan is regulated by the Law on Arbitral Tribunals and Arbitration and provides businesses with an alternative dispute resolution method. Key advantages over state courts include: confidentiality of proceedings, ability to choose arbitrators with relevant expertise, procedural flexibility and finality of decisions.
The Tashkent International Arbitration Centre (TIAC) is the country's leading arbitral institution. It handles both domestic and international commercial disputes. An arbitration clause in the contract or a separate arbitration agreement between the parties is required.
Uzbekistan is a party to the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, enabling enforcement of TIAC decisions in over 170 countries worldwide.
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