Recognition and Enforcement of Arbitral Awards and the Practice of Uzbekistan Regarding Arbitral Awards

Abstract

The arbitration process is widely used to resolve legal disputes that arise in the economic and civil inter-relations of parties. The recognition and enforcement of Arbitral Awards is, as an outcome of an arbitration process, an essential part of the international legal system, providing the final legal mechanism for the conclusion of disputes determined by an arbitration clause. No legal solution or framework for the recognition or enforcement of arbitral awards existed, the arbitration process would be of insignificant value to anyone. Once an arbitral tribunal has made its award, it has fulfilled its function and its existence comes to an end. The tribunal’s award, however, gives rise to important and lasting legal consequences. If it is not carried out voluntarily, then courts of law shell take further steps for the performance of an award. This paper will consider the role of courts of law in recognition and enforcement of arbitral awards internationally and possible other forms of enforcement. In addition, the enforcement of awards by legal proceedings both locally and internationally will be determined.