The importance of carefully drafting an arbitration clause was once again highlighted by the Supreme Court of Uzbekistan in case No. 4-12-2102/22. Case facts Two Uzbek resident companies whose shareholders are Chinese investors entered into a real estate lease agreement for a property located in a Free Economic Zone (FEZ) for a term of 3.5 years. Clause 11.1 of the agreement provided that disputes arising from the performance of the contract should first be resolved through a

Following Presidential Decree No. PF-48 , Uzbekistan is moving toward establishing the Tashkent International Financial Centre (TIFC) — a special legal and financial regime aimed at positioning the country as a regional financial hub. While much attention has been given to the adoption of English common law, independent courts, and arbitration mechanisms, the tax regime is arguably the real driver of investor interest. Here is the list of tax and customs privileges that’s is

This FAQ briefly informs about our law firm and what we mainly do. 1. Who is Fairlex Consulting? Fairlex Consulting is a business-focused law firm in Uzbekistan providing commercial litigation, corporate legal services, debt recovery, and regulatory advisory. The firm advises both Uzbek and international companies operating in Tashkent and across Uzbekistan. If you are searching for a reliable business lawyer in Uzbekistan, Fairlex Consulting provides structured, results-orie

The Economic Chamber of the Supreme Court, within the framework of case No. 4-1701-2004/1495, clarified practical application of article 25 of the Law “On Pledge” based on the provisions of the Law “On Mortgage” and Civil Code. Background A commercial bank extended a loan in the amount of USD 197,000 to LLC “A”. As security, among several assets, a real estate property owned by LLC “B” was pledged and valued at UZS 825,000,000. Following borrower’s failure to perform its paym

Foreign companies conducting business in Uzbekistan may, from time to time, encounter contractual, corporate or financial disputes with local counterparties. A clear understanding of the commercial litigation framework in Uzbekistan is essential for effectively protecting both legal and commercial interests. This guide provides a practical and accessible overview of commercial litigation in Uzbekistan, specifically tailored for foreign companies and investors. I. Competence a

Enterprise Uzbekistan — an international digital technology hub — was initially launched on a pilot basis under Presidential Decree No. 25 dated February 1, 2024. Under the newly adopted Decree No. 233 , the hub will now operate under a special legal regime, modeled on the principles of the laws of England & Wales and leading international financial centers like DIFC, AIFC and others. Permitted Activities Companies registered as residents of Enterprise Uzbekistan may operat

Local fintech start-up together with foreign partner approached us for legal support in getting approval from Central Bank of Uzbekistan. The work we have done under this project as follows: Drafting a contract with foreign partner Examining project: for which activities “regulatory sandbox” are need and for which not Drafting an internal regulation that prescribes procedure of the project Drafting other submission documents As a result of intense work done by our team,

Commercial dispute has arisen out of supply agreement between two investors. Unlike other ordinary good supply relationships, many nuances (tons of correspondence, social media messages, undocumented shipments, and signs of invalidity of agreement) made the dispute complex. Moreover, the client approached us only after losing in first instance court, which makes tasks even harder since some procedural actions can be taken only in first instance. Despite the loss in two insta