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The Law "On the use of renewable energy sources" has been adopted
The Law defines the main directions of state policy: the definition of priorities and the adoption of state programs in this area; strengthening the energy security of the country, the diversification of the fuel and energy balance in terms of the production of electricity, heat and biogas using renewable energy sources (RES); the introduction of innovative technologies, scientific and technical developments in the development of renewable energy and energy efficiency, expansion of production and localization of these energy sources.
The Law "On the privatisation of non-agricultural land" has been approved in Uzbekistan and enters into force on July 1, 2019
The Law defines the main tasks of the authorized bodies in this area – the Cabinet of Ministers, local authorities, the State Committee for Economic Development, the Agency for management of state assets, the urbanization development Fund.
GRATA International and Kennedys held a joint interactive seminar on the topic "Aviation Insurance"
In tandem with American law firm Kennedys, GRATA International Law Firm organised the seminar: "Aviation Insurance". The event that took place on April 11 at the Hyatt Regency Hotel in Tashkent successfully addressed important and actual issues in the field of aviation and insurance. The speakers at the seminar are leading experts in the fields of aviation law and insurance.
Unification of the Laws "On Competition" and "On Natural Monopolies" is planned
The Antimonopoly Committee began a discussion of a draft Law “On Competition” in a new edition
New legislative developments in the Republic of Uzbekistan
Six approval procedures in the sphere of entrepreneurial activity are canceled.
All projects involving foreign direct investment would be divided into four lists
The head of state proposed to introduce a new system of control to ensure timely realization of investments. In accordance with it, all projects involving foreign direct investment would be divided into four lists to be monitored separately.
Issues of introducing amendments and additions to the Law of the Republic of Uzbekistan “On public procurement” discussed
A meeting was organised in the Ministry of Finance of the Republic of Uzbekistan with the participation of responsible specialists of the Ministry of Finance, Ministry of Defense, Ministry of Economy and Industry, Ministry of Investment and Foreign Trade, Ministry of Public Education, Ministry of Preschool Education, Antimonopoly Committee of the Republic of Uzbekistan and other interested ministries and departments.
Law of the Republic of Uzbekistan “On Limited and Additional Liability Companies” is amended
Firstly, the procedure of transfer of participating interest (its part) in authorised capital from one shareholder of limited liability company (hereinafter referred to as “LLC”) to another one and/or third parties is detailed. Shareholder intending to exercise right of privilege purchase has to notify another shareholder who suggested to sell the participating interest (its part) within a 7-day period. Whereas, shareholder intending to buy participating interest (s) should specify whether he/she intends to purchase in full or partly.
The President approves reorganization of Uzbekenergo
President of Uzbekistan Shavkat Mirziyoyev approved the reorganization of Uzbekenergo on 27 March.
Uzbek President signed the law on the improvement of business climate in the country
The President of Uzbekistan Shavkat Mirziyoyev signed the Law “On introducing changes and amendments to some legislative acts of the Republic of Uzbekistan in connection with the adoption of additional measures to improve the business climate in the country”.