SIGNIFICANCE OF CAREFUL ANALYSIS OF APPLICABLE LAW IN ADVANCE

One of the advantages of international commercial arbitration is that the parties have broad autonomy to agree on the applicable substantive law that will govern their contractual relationship. This article examines choice of law in the legislation of Uzbekistan, and highlights distinct characteristics of Uzbekistan arbitration system. These analyses can assist to determine the factors influencing in the formation of the approach of public policy application in choice of law in Uzbekistan