MECHANISMS, PROSPECTS AND TRANSFORMATION OF ARBITRAL INSTITUTIONS IN UZBEKISTAN BASED ON THE LONDON COURT OF INTERNATIONAL ARBITRATION INSTITUTIONAL MODEL

This section examines the institutional model of the London Court of International Arbitration (LCIA) as a benchmark for reforming and improving arbitral institutions in Uzbekistan. The study is grounded in comparative legal analysis, drawing on international scholarly doctrine, primary legislation, arbitral rules, and empirical data from leading institutions. The section identifies three foundational pillars of the LCIA model — legal independence, procedural flexibility, and quality of arbitral personnel — and analyses the extent to which each pillar has been incorporated into Uzbekistan's current arbitral framework. The transformation of arbitration in Uzbekistan is examined across three landmark developments: the establishment of the Tashkent International Arbitration Centre (TIAC) in 2018, the adoption of the Law "On International Commercial Arbitration" in 2021, and the creation of the Tashkent International Financial Centre in 2026. The analysis demonstrates that Uzbekistan's reforms are broadly aligned with LCIA model principles, yet significant gaps remain — most notably in the areas of institutional financial independence, enforcement practice, and arbitrator pool development.