The Banking and Finance team of GRATA International advised the EBRD on four risk-sharing framework deals
Marina Kahiani, Partner of the Banking and Finance team and Zarina Kabashova, Associate advised the European Bank for Reconstruction and Development (EBRD) on four risk-sharing framework deals in 2023. The signing took place at EBRD's annual meeting on 17 May 2023 in Samarkand.
24.05.2023
From May 16th to 18th, the city of Samarkand hosted the annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), attracting representatives from various countries. The main objective of the event was to engage in discussions on critical matters related to economic development and investments.
GRATA International is participating at the EBRD Annual Meeting & Business Forum in Uzbekistan
On May 16-18, 2022, the EBRD Annual Meeting & Business Forum will be held in Samarkand, Uzbekistan.
Uzbekistan introduces changes to consumer credit procedures
The Law of the Republic of Uzbekistan “On the amendment to Article 15 of the Law of the Republic of Uzbekistan “On Consumer Credit” in connection with the improvement of the system for providing financial consumer credit” No. ЗРУ-828 dated April 10, 2023 (the “Law No. ЗРУ-828”) introduced changes to the features of using financial consumer credit.
The Business Forum focusing on investment opportunities in Kazakhstan took place in Hong Kong
April 21, 2023, the Consulate General of the Republic of Kazakhstan in Hong Kong and Macao SAR’s, PRC in conjunction with the China Hong Kong International Business Association, arranged a business forum in Hong Kong for the first time in the last 6 years.
12.04.2023
On April 12, 2023, Legal 500, a global legal directory, released its rankings of leading law firms and lawyers in Europe, Middle East and Africa - Legal 500 EMEA 2023. The rankings reveal that GRATA International has maintained its success from the previous year, with strong rankings in Azerbaijan, Georgia, Kazakhstan, Tajikistan and Uzbekistan.
The President of the Republic of Uzbekistan has approved a differentiated business support system
In order to reduce the economic gap between administrative-territorial units, as well as introduce radically new approaches to the development of districts and cities, improve the business environment, the President of the Republic of Uzbekistan signed a Decree "On measures to divide the territories of the republic into categories and introduce a differentiated business support system"
On changes in bankruptcy law
On December 13, 2022, a new law on insolvency settlement was signed in Belarus, which will come into force on October 1, 2023. It will regulate the procedure for declaring companies bankrupt or insolvent. Currently, a law of 13.07.2012 "On economic insolvency (bankruptcy)" is in force in Belarus.
On amendments to the Resolution of the Cabinet of Ministers of the Kyrgyz Republic "On approval of the procedure for providing guarantees to subjects of the national economy" dated June 20, 2022 No. 326.
By Resolution of the Cabinet of Ministers of the Kyrgyz Republic dated September 9, 2022 No. 509, the Procedure for providing guarantees to financial and credit organizations to subjects of the national economy was developed.
On approval of the Instruction "On conducting inspections of the activities of payment system operators and payment organizations"
The Resolution of the Board of the NBKR dated September 14, 2022 No. 2022-P-14/57-1-(PS) approved the Instruction "On conducting inspections of the activities of payment system operators and payment organizations".
GRATA International held an online conference: Fintech in Eurasia
On September 29, 2022, a conference: Fintech in the countries of Eurasia: recent legal developments and main isuess, with the participation of GRATA offices in Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan and Moldova.
New edition of the instruction on registration of the currency agreement on the portal of the National Bank of Belarus
On October 1, 2022, a new edition of the Instruction No. 37, approved by the Board of the National Bank on February 12, 2021, comes into force.