Article 5. Basic concepts and rules of interpretation

The following basic concepts shall be applied in the present Law:

arbitration — a procedure for resolving a dispute, regardless whether conducted by a permanent arbitration institution or by an arbitral court established to resolve a particular dispute;

arbitral institution — an organization administering international commercial arbitration;

arbitrator — a natural person appointed by the parties in an agreed manner to resolve a dispute by arbitration;

arbitral court — either a sole arbitrator or a panel of arbitrators;

court — the relevant court of the judicial system of the Republic of Uzbekistan.

If any provision of the present Law - except for Article 44 - gives the parties an opportunity to make a decision on a certain issue, the parties may entrust a third person, including an institution, to make such decision.

If any provision of the present Law refers to the fact that the parties have agreed upon, or that they may agree upon, or any other reference to an agreement of the parties, such agreement shall include any arbitration rules specified in that agreement.

If any of the provisions of the present Law - other than in paragraph 1 of part 1 of Article 41 and paragraph 1 of part 2 of Article 48 - has reference to a claim, it shall also apply to a counterclaim and if it has reference to an objection, the provision shall also apply to the objection to such counterclaim.