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 President of the Republic of Uzbekistan adopted Decree “On regular reforms to create conditions for stable economic growth by improving the business environment and developing the private sector” No.УП-101 dated April 8, 2022 (the – “Decree No.УП-101”).
In accordance with the Decree of the President of the Republic of Uzbekistan “On measures to further stimulate geological exploration and improve the procedure for taxing subsoil users” No.УП-6319 dated October 6, 2021 from January 1, 2022
On April 11, 2022, Legal 500, a global legal directory, released its rankings of leading law firms and lawyers in Europe, Middle East and Africa - Legal 500 EMEA 2022.
The company's activities must comply with the parameters of the list given in the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan “On measures to organize the activities of the technological park of software products and information technologies” No.589 dated July 15, 2019 (the “Resolution No.589”).
At the twenty-fourth plenary session of the Senate of the Oliy Majlis of the Republic of Uzbekistan, held on March 17, 2022, the senators considered and approved the Law “On approval of the Labor Code of the Republic of Uzbekistan”.
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”).
The Cabinet of Ministers of the Republic of Uzbekistan adopted resolution “On approval of a unified regulation on the procedure for licensing certain types of activities through a special electronic system” No.80 dated February 21, 2022, as well as resolution “On approval of a unified regulation on the procedure for issuing certain permitting documents through a special electronic system” No.86 dated February 22, 2022.
Chemical-industrial technopark “Chirchik” is being created in Tashkent
The President signed the Resolution “On measures for the creation of the Chirchik chemical-industrial Technopark in the Tashkent region” No.ПП-116 dated February 3, 2022 (the “Resolution No.ПП-116”).
The Resolution of the President “On additional measures to implement effective capital market support mechanisms” No.ПП-90 dated January 17, 2022 (the “Resolution No.ПП-90”) establishes that from April 1, 2022 to December 31, 2024