The law on insolvency has been adopted in Uzbekistan
In Uzbekistan, on April 13, 2022, a new law “On insolvency” No. ZRU-763 dated April 12, 2022 (the “Law on insolvency”) came into force. The Law on insolvency regulates the insolvency of legal entities and individuals, as well as individual entrepreneurs, but does not apply to government agencies and other non-profit organizations.
The Cabinet of Ministers of the Republic of Uzbekistan adopted resolution “On approval of a unified regulation on the procedure for notifying the authorized body on the commencement or termination of activities” No.88 dated February 25, 2022 (the “Regulation on the notification procedure”).
On April 20, 2021, a meeting of the working group at the Chamber of Commerce and Industry France-Kazakhstan was held on the topic: "Rehabilitation and bankruptcy issues, new developments and practical problems".
One of Russia’s leading media outlets, Kommersant, has released its national rating of best legal practices. Russian offices of GRATA International have been featured in federal and regional tables of leading law firm across several practice areas.
A leading Russian law firms rating directory Pravo-300 released the results of its first ever research of legal markets of CIS countries. The main goal of Pravo-300 International is to provide an overview of the regional legal market, identify main players and help Russia law firms find reliable partners for projects in the local jurisdictions.
On 18 September 2020, new law on Rehabilitation and Collective Satisfaction of Creditors was published on the website of the Legislative Herald of Georgia.