On international commercial arbitration (ZRU-674-son) · Date: 16.02.2021 · In force
If during the course of the arbitral proceedings the parties settle the dispute, the arbitral court shall terminate the proceedings and shall - at the request of the parties and in the absence of objections from the arbitral court - record the settlement in the form of an arbitral award on agreed terms.
An arbitral award on agreed terms shall be made in accordance with the provisions of Article 47 of the present Law and shall state that it constitutes an arbitral award. Such an arbitral award shall have the same force and effect as any other arbitral award on the merits of the dispute.
Source of the text
National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/5698676
The text is taken from lex.uz automatically and matches it in content: it is the same text, not a separate edition. It is given for educational and reference purposes and the content of the norms is not changed. It is not an official publication: for court, contracts and official answers check the current edition on lex.uz. About
About the site: NEOLEX (veoskill) is an educational project about the law of the Republic of Uzbekistan. It does not replace lex.uz; to the same texts it adds a separate address for every article, plain-word explanations, a glossary, tests and reading in three languages. Contact: Telegram @neovixar.
Cite as: Article 46. Settlement agreement On international commercial arbitration (ZRU-674-son). neolex.uz/en/laws/law-5294087/46 (lex.uz/docs/5698676)
