A delegation of Uzbekistan takes part in the session of the UNCITRAL working group

Tashkent, Uzbekistan (UzDaily.com) -- From 1 to 6 April 2019, the 37th session of the III Working Group of the UN Commission on International Trade Law (UNCITRAL) will be held at UN Headquarters in New York to consider reform issues systems for the settlement of disputes between investors and states.

UNCITRAL is a subsidiary body of the UN General Assembly, designed to promote the harmonization and unification of international trade law. The Commission is preparing draft conventions, model laws and other documents on the substantive regulation of commercial transactions and various aspects of commercial law.

The agenda of the 37th session, which is attended by the delegation of the Republic of Uzbekistan led by the head of the department of the Ministry of Justice Islambek Rustambekov, includes topical issues related to the work on the possible reform of the settlement of disputes between investors and states, the consideration of topics in the field of investment arbitration , problems of regulating the activities of financing disputes by a third party, as well as an exchange of views between the participants in this field.

The session also includes a presentation of the delegation of Uzbekistan on large-scale reforms being carried out in Uzbekistan, in particular, improving investment legislation in the framework of the implementation of the Action Strategy in the five priority areas of development for 2017-2021, as well as familiarizing them with the guarantees and privileges in investing and doing business in Uzbekistan.