The general rule in Uzbek Laws allows parties to select foreign law as the governing law for the contract. In accordance with Article 1189 of the Civil Code “an agreement shall be regulated by the law of the country chosen by the parties to the agreement, unless otherwise provided by statute”. However, there are few exceptions from this rule: some of them are not relevant to an Agreement[1], while others can be applicable by virtue of priority of Uzbek public policy and Uzbek imperative rules, as follows:
1) Under article 1164 of the Civil Code, foreign law may not apply in cases when application of such foreign law would be contrary to the public policy of Uzbekistan. However, a refusal to apply foreign law may not be based solely on the difference of Uzbekistan legal, political or economic systems from same systems of a respective foreign state.