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.

The parties agreed to hold joint seminars and conferences on questions of the international commercial arbitration within the powers and to provide participation of representatives of each of the Parties in the similar actions organized by any of the Party independently in the territory.

The parties came to the agreement on implementation of actions for mutual experience exchange of work of the arbitral centers, including on the periodic direction of specialists of each of the Parties in the arbitral centers of other Party for studying of experience of their work.

Article 3

The parties agreed to meet periodically for consideration of the questions connected with accomplishment of this agreement.

Questions of carrying out and the agenda of the specified meetings will be approved by consultations between the Parties.

Article 4

This agreement becomes effective from the moment of its signing.

It can be terminated by the either party by means of the prior written notice of other Party in six months until termination.

In case of cancellation of this agreement all obligations assumed by the Parties before its termination will be executed according to provisions of this agreement.

Article 5

Changes or additions are made to this agreement by mutual consent of the Parties and drawn up by separate protocols which are integral parts of this agreement.

It is made in Tashkent on April 5, 2006 in two authentic copies in Russian, and both texts are equally authoritative.

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