ADB and Graduate School of Business and Entrepreneurship Partner to Advance Alternative Dispute Resolution in Uzbekistan
On 12-13 November 2024, the Graduate School of Business and Entrepreneurship in Uzbekistan, in collaboration with ADB, hosted a two-day training program on alternative dispute resolution (ADR) methods for commercial disputes.
The seminar, attended by representatives from private businesses, economic associations, government agencies, and the legal sector, focused on equipping participants with practical tools for resolving commercial disputes efficiently and effectively. International and local experts discussed the benefits, procedures, and real-world considerations of ADR methods, with a focus on arbitration and mediation, emphasizing their role in fostering a conducive business environment.
By strengthening the understanding and application of ADR mechanisms, the seminar contributed to Uzbekistan's ongoing efforts to create a favorable investment climate and attract foreign direct investment. Through interactive role-plays, case studies, and sessions on commercial arbitration, mediation techniques, and online dispute resolution (ODR), participants gained both knowledge and experience to navigate commercial disputes in a cost-effective, time-efficient, and confidential manner.
Mirzo Iskandar Gulamov, ADB's Country Operations Head, emphasized, "By equipping stakeholders with the tools and knowledge to resolve business disputes amicably, we are laying the groundwork for a more resilient and investor-friendly business environment." Shakhrukh Sharakhmetov, First Deputy Director of the Graduate School, highlighted the importance of ADR training in aligning with national goals to enhance the legal framework and foster economic growth.
In conclusion, the program successfully provided participants with invaluable insights and useful skills, furthering the development and implementation of Uzbekistan’s dispute resolution framework. This initiative not only supports the private sector but also contributes to a more stable and attractive investment climate, encouraging economic growth and stability.