Following the release of Chambers Global 2020, one of the most reputable international legal directories identifying best legal experts across the globe, GRATA International solidifies its position as one of the leading law firms in Eastern Europe and Central Asia by entering rankings in six countries.
Uzbekistan passed the Law on Investments and Investment Activities
Starting from January 27, 2020, the Law of December 25, 2019, № ZRU – 598 "On Investments and Investment Activities" will enter into force.
Interpretations of The Code of Administrative Offenses by Constitutional Court: Azerbaijan
On 19 December 2019 Azerbaijan’s Constitutional Court (“CC”) adopted a decision on Interpretations of Articles 38.1 and 430.4 of the Code of Administrative Offenses of the Republic of Azerbaijan (“Code”).
Astana International Financial Center (AIFC) held a working meeting on January 9-10, 2020 in Almaty
A working meeting was held at the AIFC office in Almaty, where the final results of the work of the AIFC and its burse (Astana International Exchange) for 2019 and plans for 2020 were discussed.
Results of the twenty-fifth plenary session of Senate of the Oliy Majlis of Uzbekistan
Senate members reviewed the Law “On investments and investment activities”. It introduces the conceptual apparatus, determines the types of investments by destination (capital, financial and social).
Uzbekistan and ADB sign loan agreements for USD 500 million
A meeting was held between Enrico Pinali, Acting Director of the Representative Office of the Asian Development Bank (ADB) in Uzbekistan and Jamshid Kuchkarov, Deputy Prime Minister and Minister of Finance of the Republic of Uzbekistan. During the meeting, they signed loan agreements in the total amount of USD 500 million to improve economic governance in the country and develop the mortgage market sector in Uzbekistan.
101 profitable investment offers from the regions of Uzbekistan
Agency for Foreign Investment Promotion in collaboration with the Development Center for Investment Projects and khokimiyats of regions developed 101 investment offers worth a total of USD 892 000 000.
A new procedure for the circulation of securities has been established in Uzbekistan
The capital market Development Agency Republic of Uzbekistan has established a new procedure for the circulation of securities. The new procedure allows circulation of securities only in the case of after the completion of their placement period.
Financial Market Supervision Authority was liquidated
By a Presidential Decree as of 28 November 2019, FIMSA was abolished and its property and powers including its functions and rights in the field of licensing, regulation and supervision of the financial services market, protection of the rights of investors and consumers of financial services have been transferred to CBAR.
Chambers&Partners has recently released its 2020 Asia-Pacific Guide, in which GRATA International has confirmed its status as one of the leading legal experts in Central Asia and Caspian region, with rankings in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
GRATA International tops asialaw Profiles 2020 Kazakhstan rankings
Following in-depth research, asialaw Profiles have selected the best law firms and experts in 25 Asian jurisdictions: from Australia to Vietnam.