International arbitration in Turkmenistan

Turkmenistan adopted a law on international commercial arbitration, which will come into force on 1 January 2016. The law regulates the relations connected with the establishment and operation of international commercial arbitration.

• Business of at least one of the parties is outside of Turkmenistan

• Disputes of foreign companies with foreign investments and disputes of international associations and organizations established on the territory of Turkmenistan.

• Disputes between their members, as well as their disputes with other legal entities of Turkmenistan may be submitted to international commercial arbitration upon the agreement of the parties.

#internationalarbitration