Uzbekistan takes additional measures to establish control over the quality of consumer goods
In accordance with the Resolution of the President of the Republic of Uzbekistan dated April 4, 2023 No ПП-110 "On additional measures aimed at providing the population with high-quality consumer goods" (the "Resolution ПП-110") control over the quality of consumer goods is strengthened and a number of changes and innovations have been introduced.
Uzbekistan improves the activities of industrial zones and the fund to support young entrepreneurs
On the amendments and additions to some resolutions, as well as on the recognition of some as invalid in connection with the improvement of the activities of industrial zones and the fund for supporting young entrepreneurs of the Government of the Republic of 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.
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.
Partner of GRATA International Uzbekistan has joined an arbitration practice exchange trip
Partner of GRATA International Uzbekistan Nodir Yuldashev has joined an arbitration practice exchange trip and the road show of Tashkent International Arbitration Centre (TIAC) to Hong Kong organised by Commercial Law Development Program and TIAC earlier this March 2023.
Uzbekistan adopts the Law “On technical regulation”
On February 27, 2023, the President of the Republic of Uzbekistan signed the Law No. ZRU-819 “On Technical Regulation”
The procedure for opening bank accounts has been changed in Uzbekistan
The Board of the Central Bank adopted a Resolution dated February 8, 2023, registration number No. 3420 “On approval of the Instruction on the procedure for opening, maintaining and closing bank accounts”
Uzbekistan introduces incentives for products of international brands
In accordance with the Resolution of the President dated November 12, 2022 No. ПП-393 "On measures to provide the population with high-quality products of international brands and create additional conditions for the entry of domestic enterprises into global value chains", starting from January 1, 2023, reduced rates of import customs duty are applied when importing into the Republic of Uzbekistan
The procedure for getting permission in the field of activity of microfinance organizations and pawnshops has been adopted in Uzbekistan
The Board of the Central Bank adopted the Resolution dated March 7, 2023, registration number No. 3423 “On approval of the Regulation on the procedure for passing permitting and notification procedures in the field of activities of microfinance organizations and pawnshops”
Senior Associate of GRATA International in Uzbekistan won the 10th International Commercial & Investment Arbitration Moot Competition
The International Commercial & Investment Arbitration Moot Competition is an annual international competition that brings together law students from around the world to participate in mock arbitration hearings. The competition focuses on international commercial and investment arbitration and is designed to simulate a real-life arbitration proceeding.