Category: Legal updates

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 […]

Uzbekistan takes measures on further improvement of alternative dispute resolution mechanisms

In accordance with the Decree of the President of the Republic of Uzbekistan No. PP-4754 “On measures on further improvement of the alternative dispute resolution mechanisms” dated June 17, 2020, starting from 1 August 2020 the Appeal Boards for the pre-trial settlement of disputes between individuals, legal entities and government agencies (hereinafter referred to as […]

Uzbekistan adopted strategy for reforming the banking system in 2020-2025

In accordance with the Decree of the President of the Republic of Uzbekistan dated May 12, 2020 No. PP-5992 “On the Strategy for reforming the banking system of the Republic of Uzbekistan in 2020 – 2025”  the main directions for reforming the banking sector in Uzbekistan are defined as follows: increasing the efficiency of the […]