Uzbekistan adopts the Law “On International Commercial Arbitration”

The purpose of the Law is to regulate relations in the field of international commercial arbitration. The law defines arbitration as a procedure for resolving a dispute, regardless of whether it is administered by a permanent arbitration institution or an ad hoc arbitration court established to resolve a specific dispute. Thus, an arbitration institution is […]

New amendments in PPP legislation

Shavkat Mirziyoyev, the President of Republic of Uzbekistan, signed a Law No. 669 on 22 January 2021 introducing following amendments to public-private partnership (“PPP”) legislation. First, pegging the prices for goods, services (and works) in Uzbekistan in foreign currencies can be allowed only in projects implemented involving foreign investment made within the frame of PPP […]

Modernisation of the construction industry is planned in Uzbekistan

President Sh.M. Mirziyoyev signed a decree “On approval of the strategy of modernisation, accelerated and innovative development of the construction industry of the Republic of Uzbekistan for 2021-2025”. This decree sets the following tasks: improvement of the position of the Republic of Uzbekistan in international Doing Business Index in the field of Dealing with Construction […]

The procedure for shift work

The Cabinet of Ministers of the Republic of Uzbekistan adopted the Resolution “On approval of the regulations on the shift method of construction and installation works at important and remote sites” No. 636 dated by October 09, 2020 (hereinafter referred to as the “Resolution”). This Resolution covers the following matter: Organisation of work; Organisation of […]

Сorporate legislation of the Republic of Uzbekistan has been amended

President of Uzbekistan Shavkat Mirziyoyev signed the Law “On amendments and supplements to certain legislative acts of the Republic of Uzbekistan” No. 640 dated by 05.10.2020, which amended and supplemented the laws “On joint stock companies and protection of shareholders’ rights”, “On the securities market” and the Economic Procedure Code. This package of amendments to […]

Land plot can be subleased now

President of Uzbekistan Shavkat Mirziyoyev signed the Law “On amendments and supplements to certain legislative acts of the Republic of Uzbekistan in order to increase the efficiency of the use of agricultural land and forest estate” No. 639 dated by 29.09.2020, which amended and supplemented the laws “On farming”, “On dekhkan farms” and the Land […]

New judicial panel at the Supreme Court of the Republic of Uzbekistan will now consider investment and competition disputes

New decree of the President of the Republic of Uzbekistan dated July 24 approved establishment of the Judicial Panel for resolution of investment disputes and competition cases in the framework of the Supreme Court of the Republic of the Uzbekistan. The decree endowed the Judicial Panel with the authority to consider investment disputes arising between […]

Limited liability companies can issue bonds now

On July 22, the President of the Republic of the Uzbekistan signed the law which amended and supplemented the laws “On joint stock companies and protection of shareholders’ rights”, “On limited and additional liability companies” and “On capital market”. This amendment to the legislation on the capital market was initiated and developed by the Capital Market […]