THE LEGAL FRAMEWORK FOR APPEALING ARBITRAL AWARDS IN THE REPUBLIC OF UZBEKISTAN: CHALLENGES AND PROSPECTS FOR IMPROVEMENT

Abstract

This article analyzes issues related to appealing arbitration awards to the court (cases on setting aside arbitral awards). The article highlights the novelties in the procedure for setting aside arbitral awards in Uzbek legislation and their conformity with the experience of Russia and several foreign countries. The principle of the finality of arbitral awards and the grounds for its exceptional judicial review are scientifically substantiated, and similarities and differences in comparative jurisprudence are presented. Furthermore, based on practical cases, the grounds and procedure for setting aside arbitral awards by courts are elucidated. At the end of the article, conclusions are drawn on the topic, and proposals and recommendations for improving legislation are developed.