The agreement between Chamber of Commerce and Industry of the Russian Federation and Chamber of Commerce and Industry of the Republic of Uzbekistan on cooperation in the field of the international commercial arbitration

of April 5, 2006

The Chamber of Commerce and Industry of the Russian Federation and Chamber of Commerce and Industry of the Republic of Uzbekistan which are hereinafter referred to as with "Parties"

accepting on attention that the Russian Federation and the Republic of Uzbekistan are participants of the Convention on recognition and carrying out of foreign arbitral decisions (New York, 1958),

wishing to promote development of full cooperation of participants of foreign economic activity of two countries,

being convinced that wide use of opportunities of the international commercial arbitration will allow to create the effective tool of permission of civil disputes between participants of foreign economic activity from the Russian Federation and the Republic of Uzbekistan which can arise between these parties during their commercial relations, including investment,

agreed as follows:

Article 1

The parties will cooperate among themselves with the purpose of development of the international commercial arbitration, including by rendering organizational assistance to the arbitration formed especially for consideration of separate case ("ad hoc" arbitration) in the territory of the respective countries.

For this purpose the Parties will render each other administrative services, including provision of rooms for carrying out arbitration procedure. The incurred expenses shall be refunded by the Party which requested provision of administrative services.

Article 2

The parties will inform each other on the legislation of the countries in the field of the international commercial arbitration, to represent the available data on the developing arbitral practice, on activities of the relevant arbitral centers, to exchange methodical and information materials in the field of arbitration, rules of trial of disputes (regulations) and lists of arbitrators.

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