According to a decree issued by the President of Uzbekistan on March 30, 2026, the Tashkent International Financial Center (TIFC) has been established. As part of this center, the Tashkent International Commercial Arbitration will commence operations, aimed at protecting the rights of foreign investors and efficiently resolving business disputes.

Activities permitted within the center's territory include financial, investment, and banking services, insurance, digital (crypto) assets, securities, payment systems, Islamic and "green" finance, as well as fintech services. Additionally, opportunities will be created for providing audit, consulting, and legal services.

The decree establishes a special legal regime within the center's territory, with its governing bodies empowered to adopt regulatory acts covering various sectors. Furthermore, the common law of England and Wales, along with principles of equity, will be directly applied.

The Tashkent International Commercial Arbitration will consist of a court of first instance and an appellate instance, expected to enhance the investment climate and develop the financial services market. The establishment of the center is intended to contribute to the country's economic growth by attracting international capital and fostering a more robust business environment.

Source: kun.uz