Measures to secure a claim considered in an arbitration court may be taken by an economic court
19/05/2022 13:55
Measures to secure a claim considered in an arbitration court may be taken by an economic court
19/05/2022 13:55
Tashkent, Uzbekistan (UzDaily.com) -- In connection with the adoption of the law "On international commercial arbitration", amendments and additions were made to the economic procedural code.
The Code introduces the concept of "arbitrator" and provides for the consideration of cases related to arbitration, including the appointment of an arbitrator, recognition and enforcement of an arbitral award.
It was also established that arbitrators, experts appointed by the arbitral tribunal, employees of the arbitral institution, arbitrators - cannot be called and interrogated as witnesses due to circumstances that became known to them during the arbitration or arbitration proceedings.
Measures to secure a claim, which are currently being considered in an arbitration court, may be taken by an economic court at the request of a party to the arbitration process.
The law establishes the procedure for proceedings in cases related to arbitration proceedings.
Also, according to the amendments and additions introduced by the Law to the Law “On the State Duty”, a state fee in the amount of 2 times the amount of the basic estimated value (540,000 soums) is charged from applications for appealing the decision of the arbitration.
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