QURGHON TEPPA, August 23, 2008, Asia-Plus — A roundtable meeting to discuss the arbitration law that was adopted last April was held in Qurghon Teppa, the capital of the Khatlon province on August 22,
According to Sharoffidin Zohirov, head of the legal department within the lower chamber (Majlisi Namoyandagon) of the parliament (Majlisi Oli), the meeting brought together representatives of local public associations and various economic entities of the province.
According to him, law is not dogma and in the event of proposing any change parliament may consider and endorse them in case of the necessity.
“The arbitration law frees society from unnecessary expenditures and waste of time and representatives of courts from excess workload,” Zohirov said.
The roundtable was organized by the public foundation for the development of third Party Arbitration and Legal Support Centers, “Arbitrazh”.
Arbitration, a form of alternative dispute resolution (ADR) is a legal technique for the resolution of disputes outside the courts, wherein the parties to a dispute refer it to one or more persons (the “arbitrators”, “arbiters” or “arbitral tribunal”, by whose decision (the award) they agree to be bound. Arbitration in the United States and in other countries often includes alternative dispute resolution (ADR) a category that more commonly refers to mediation (a form of settlement negotiation facilitated by a neutral third party). It is more helpful, however, simply to classify arbitration as a form of binding dispute resolution, equivalent to litigation in the courts, and entirely distinct from the various forms of non-binding dispute resolution, such as negotiation, mediation, or non-binding determinations by experts. Arbitration is, today, most commonly used for the resolution of commercial disputes, particularly in the context of international commercial transactions.
