What legal institutions are established in Uzbekistan to protect the rights of foreign investors?
From 1 January 2007 the Law on Courts of Arbitration has come into force and so far it serves as a legal basis for the activity of both permanent and temporarily created arbitration courts. Thus, alongside with available resources of protection of the rights and guarantees to foreign investors, arbitration courts can be established in Uzbekistan under the agreement of both sides with independent experts as a third party. Furthermore, Ministry of Justice is responsible for protection of foreign investors’ rights and interests. It has the Department for protection of rights of foreign investors and enterprises with foreign investments for these purposes.
