Rules for issuing and circulating electronic money have been approved in Uzbekistan
The Resolution of Board of the Central Bank No.3231 dated April 29, 2020, approved the Rules developed in accordance with the Law “On Payments and Payment Systems” No.ЗРУ-578 dated November 1, 2019 (hereinafter “the Law No.ЗРУ-578”), governing the issue, sale, acquisition, use and redemption of electronic money (the “Rules”).
The unified procedure of implementing public-private partnership projects has been approved in Uzbekistan
According to the Resolution of the Cabinet of Ministers “On Improvement of the Procedure of Implementation of Public-Private Partnership Projects” No.259 dated April 24, 2020 (the “Resolution No.259”), the mechanism of forming and approving prices for products under public-private partnership projects (the “PPP”) has been determined.
On April 30, 2020, there was adopted the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan “On Amending the Resolution of the Cabinet of Ministers dated August 2, 2005, No.180 “On measures to implement the Decree of the President of the Republic of Uzbekistan “On additional measures to stimulate the attraction of direct private foreign investment” No.264 (the “Resolution No.264”).
Due to the COVID-19 pandemic, quarantine regime continues in Uzbekistan. However, at the moment, the country is gradually weakening some of the quarantine measures.
A new procedure for monitoring of foreign trade operations is approved in Uzbekistan
In order to optimize the monitoring of foreign trade operations in the Republic of Uzbekistan, as well as to simplify the procedure for recording information on foreign trade contracts and invoices in a Unified electronic information system of foreign trade operations (the "UEISFTO"), the Resolution of the Cabinet of Ministers “On measures to further improve the monitoring of foreign trade operations in the Republic of Uzbekistan” No.283 dated May 14, 2020 approved the Regulation “On the procedure for monitoring and control of foreign trade operations” (the “Regulation”).
The firm rises in the rankings released by Legal 500 and takes positions in eight jurisdictions – Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.