4 U. Bologna L. Rev. 1 (2019)

handle is hein.journals/bologna4 and id is 1 raw text is: 





https://doi.org/10.6092/issn.2531-6133/9065


           Bilateral Investment Treaties Of Uzbekistan:

                  Investor-State Dispute Resolution



                             ELDOR TULYAKOV, MPt


TABLE OF CONTENTS: 1. Introduction; 2. Available Forums for the Settlement of Disputes
Under Uzbek Bits; 3. Uzbekistan's Tendency of Concluding Bits; 4. Source of Uzbekistan's
Consent to Arbitration; 5. Waiting Periods and Amicable Settlement; 6. Fork in the Road
Provision; 7. Most- Favoured -Nation and Umbrella Clauses; 8. Final Awards; 8.1. Costs of
Arbitration; 8.2. Diplomatic Interference; 8.3. Operation of Bits in Practice; 9. Summary
and Recommendations.

ABSTRACT: The main purpose of this paper is to familiarise the reader with how foreign
investors are protected in Uzbekistan under its BITs. Thus, the paper will analyse BIT
clauses of Uzbekistan and investor-state dispute resolution mechanisms available under
Uzbek BITs. Throughout the following paper, the reader will notice that although Uzbek
BITs contain some provisions inherent in modern BITs in terms of investor-state dispute
settlement there is still room for improvement.  Therefore, recommendations for
improvement will be provided at the end of this article.

KEYWORDS: Investment; BIT; Uzbekistan; Protection; International Law; Investor-State
Arbitration; Dispute

JEL CODES: (33, K41


UNIVERSITY OF BOLOGNA LAW REVIEW

        ISSN 2531-6133

        [VOL.4:1 2019]


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