Article 29. TICC — On Tashkent international financial centre (LRU-1158-son)
Article 29. TICC
On Tashkent international financial centre (LRU-1158-son) · Date: 13.07.2026 · In force
1. The TICC shall be the judicial body of the TIFC and shall exercise exclusive judicial power independently in accordance with this Constitutional Law.
2. The TICC shall have the financial, administrative, and operational autonomy required to enable it to undertake and exercise its functions. Each of the TICC judges shall exercise judicial functions independently.
3. The TICC shall have exclusive responsibility for the judicial resolution and administration of disputes falling within its jurisdiction.
4. The TICC shall act independently and impartially in the exercise of its powers, and no instructions may be given to it or any interference made in its activities in any form.
5. In carrying out its functions, the TICC shall protect the rights, freedoms, and legitimate interests of all persons before it and shall ensure that the applicable law of the TIFC and the International Digital Technologies Centre (the “IDTC”) is properly interpreted, construed, and applied.
6. The TICC shall contribute to maintaining and enhancing the reputation of each of the TIFC and the IDTC as world-class, highly trustworthy specialized centre through the efficient, transparent, consistent, and impartial administration of justice. The effectiveness of the TICC shall be assessed by reference to the integrity, predictability, efficiency and fairness of its judicial processes and decisions.
7. The organisation, internal administration and non-judicial governance of the TICC shall be carried out in accordance with this Constitutional Law and TIFC Acts. Such governance arrangements shall not prejudice the independence of judges in the administration of justice. No governance arrangement shall direct, or establish any accountability in respect of, the judicial decisions of any judge of the TICC.
8. The TICC shall not hear criminal cases or cases concerning administrative offences. This rule shall not apply to the application of measures within the jurisdiction of the TIFC in respect of matters that, in substance, constitute a commercial dispute, an economic or civil-law dispute, a breach of requirements of a TIFC Body, or market misconduct, and that may be addressed under this Constitutional Law or TIFC Acts.
9. The TICC shall consist of two instances:
1) a Court of First Instance; and
2) a Court of Appeal.
10. The TICC shall be headed by a Chief Justice. The Chief Justice shall be appointed by the President of the Republic of Uzbekistan upon proposal by the TIFC Board.
11. Other Justices of the TICC shall be appointed by the President of the Republic of Uzbekistan upon proposal by the Chief Justice, who shall also propose the number of judges required. Judges of the TICC may be of any nationality. They shall enjoy judicial independence and the guarantees, immunities, privileges, and conditions of service afforded to judges under the legislation of the Republic of Uzbekistan, to the extent applicable and consistent with this Constitutional Law.
12. The remuneration and other terms of service of judges of the TICC shall be determined by a decision of the Board, based on a proposal submitted by the Chief Justice.
13. The Chief Justice shall appoint a registrar of the TICC (the “Registrar”). The Registrar shall be responsible for the administrative and operational management of the TICC and shall perform such functions under the direction of, and subject to the oversight of, the Chief Justice, in accordance with this Constitutional Law and TIFC Acts.
14. The composition of the TICC, including the establishment of specialised divisions, the procedure for the appointment, tenure and removal of judges and court officials, qualification requirements, and the general framework for the organisation of the TICC shall be determined by TIFC Acts.
15. The Chief Justice shall have full authority, without further approval of the TIFC Board or any other TIFC Body, to introduce, issue, amend, replace, supplement and revoke rules of court, procedural rules, practice directions, registry directions, forms, protocols, guidance and other instruments relating to the practice, procedure, administration, case management and conduct of proceedings before the TICC.
16. The TICC shall have authority to issue execution orders, attachment orders, freezing orders, charging orders, interim preservation measures, interim injunctions, search orders, disclosure orders and such other interim, protective or enforcement measures as may be prescribed by TIFC Acts or the laws, regulations or governing instruments of IDTC (“IDTC Acts”).
17. The TICC may cooperate with courts of the Republic of Uzbekistan and foreign courts in matters relating to enforcement, judicial assistance, evidence-taking, interim measures, insolvency proceedings and cross-border dispute resolution, in accordance with TIFC Acts, applicable legislation and international treaties of the Republic of Uzbekistan.
18. Judges of the TICC may include permanent judges, ad hoc judges, specialist judges, foreign retired judges, international commercial judges, judicial registrars and legal experts known for their competence and expertise in international commercial law, finance, banking, capital markets, arbitration, insolvency, restructuring, technology, digital assets, artificial intelligence, international dispute resolution or other matters relevant to the TIFC and IDTC. Ad hoc judges and specialist judges may be appointed or assigned for specified matters, classes of disputes or proceedings requiring specialised expertise.
19. The qualifications, appointment procedures, tenure, ethics, discipline and remuneration of judges, ad hoc judges, specialist judges and judicial registrars shall be prescribed by TIFC Acts.
20. The TICC shall have exclusive jurisdiction over the following:
1) civil and labour disputes between and/or among TIFC Persons;
2) disputes relating to activities conducted, torts or other wrongs committed, or property located in the territory of the TIFC or governed by TIFC Acts;
3) insolvency and bankruptcy proceedings concerning TIFC Participants and natural persons residing in the territory of the TIFC;
4) disputes submitted to the jurisdiction of the TICC by agreement of the parties;
5) matters arising out of or connected with any international arbitration, including applications for interim or conservatory measures, appointment of arbitrators, challenges to arbitrators, jurisdictional determinations, procedural support, setting aside, recognition and enforcement of arbitral awards, where:
i. the seat of arbitration is the TIFC;
ii. the arbitration is administered by the Tashkent International Arbitration Centre and the parties have agreed that the TICC shall act as the curial court;
iii. the parties have otherwise agreed that the TICC shall have jurisdiction in respect of the arbitration; or
iv. jurisdiction is conferred on the TICC by this Constitutional Law, TIFC Acts, or other legislation of the Republic of Uzbekistan.
6) applications, appeals or disputes arising from decisions, acts or omissions of TIFC Bodies, including regulatory, licensing, supervisory, disciplinary, enforcement or administrative decisions made under this Constitutional Law or TIFC Acts;
7) disputes arising under IDTC Acts or the laws, regulations or governing instruments of any other specialised centre of the Republic of Uzbekistan, to the extent that jurisdiction over such disputes is expressly conferred on the TICC by the law or other legal instrument establishing or regulating that centre; and
8) such other categories of civil or commercial disputes as may be expressly assigned to the TICC by this Constitutional Law, TIFC Acts, IDTC Acts, other legislation of the Republic of Uzbekistan, or an act of the President of the Republic of Uzbekistan provided that such assignment is consistent with the nature and functions of the TICC as an international commercial court and does not confer general jurisdiction over ordinary administrative-law disputes under the laws of the Republic of Uzbekistan.
21. The TICC shall have personal jurisdiction over all persons who:
1) enter into transactions governed by TIFC Acts or IDTC Acts; or
2) have otherwise consented to the jurisdiction of the TICC in respect of a particular transaction or dispute.
22. The TICC shall have jurisdiction to issue orders for the recognition and enforcement of any arbitral award rendered in any international arbitration, irrespective of the State or jurisdiction in which it was rendered. Where the Republic of Uzbekistan has entered into an applicable treaty for the mutual enforcement of judgments, orders or awards, the TICC shall comply with the terms of such treaty.
23. Decisions of the Court of Appeal of the TICC on matters of jurisdiction and on the merits shall be final, binding and not subject to further appeal.
24. Judgments, orders and decisions of the TICC shall be issued in the name of the Republic of Uzbekistan. Final judgments, orders and decisions of the TICC shall be recognised throughout the Republic of Uzbekistan and, (i) where execution is required inside the territory of the TIFC or the IDTC, shall be enforced by the TICC; and (ii) where execution is required outside the territory of the TIFC and the IDTC, shall be enforced by the competent enforcement authorities of the Republic of Uzbekistan in the same manner and on the same terms as final and enforceable judicial acts of other courts of the Republic of Uzbekistan.
25. Final and enforceable judicial acts of courts of the Republic of Uzbekistan shall be recognised and, where applicable, enforced within the territory of the TIFC in accordance with the legislation of the Republic of Uzbekistan, except to the extent that recognition or enforcement would be inconsistent with this Constitutional Law or TIFC Acts.
26. The TICC shall have exclusive jurisdiction to interpret and construe TIFC Acts and IDTC Acts, including for the purposes of determining its application, scope and effect. This paragraph shall not limit the jurisdiction of the Constitutional Court of the Republic of Uzbekistan in respect of matters falling within its constitutional competence.
27. The TICC shall have a budget formed from allocations of the State budget directed to the TIСС in such amount as reasonably required by the Chief Justice and approved by the President of the Republic of Uzbekistan in accordance with the budget legislation of the Republic of Uzbekistan, as well as from other sources not prohibited by this Constitutional Law or by TIFC Acts.
28. State budget funds allocated for the purposes of financing the activities of the TICC pursuant to paragraph 27 of this Article shall be used exclusively for supporting the activities of the TICC.
29. The TICC shall publish all of its judgments on its official website for free public access. Judgments shall be published within thirty (30) days of their delivery. Information constituting commercial secrets may be redacted only upon the application of a party and with the approval of the TICC, to the minimum extent necessary to protect genuinely confidential commercial information. Such redaction shall not apply to the legal reasoning, grounds for application of the law or operative part of the judgment. The procedure and criteria for considering such applications shall be determined by TIFC Acts issued by the TICC (“TICC Acts”) and directions of the Chief Justice.
30. The TICC shall maintain a wills and succession register for certifying the wills of TIFC Participants, TIFC Employees, TIFC Investment Tax Residents and their Family Members, and of such natural persons connected with the IDTC as may be specified by IDTC Acts or by the law establishing or regulating the IDTC. Such wills shall be administered in accordance with TIFC Acts and, where applicable, IDTC Acts, and given effect by the TICC. The procedure for registration, amendment and administration of wills under this paragraph, their formal requirements and the relationship between such wills and the succession law of the Republic of Uzbekistan shall be determined by TICC Acts.
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Cite as: Article 29. TICC On Tashkent international financial centre (LRU-1158-son). neolex.uz/en/laws/law-8325838/29 (lex.uz/docs/8325847)
