There have been taken steps to boost private investment and further build confidence in the business community in Uzbekistan
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”).
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.
There has been established the procedure for privatization of non-agricultural land plots in Uzbekistan
The Cabinet of Ministers adopted the Resolution “On measures to implement the Law of the Republic of Uzbekistan “On the privatization of non-agricultural land plots” No.71 dated February 14, 2022 (the “Resolution No.71”).
There have been adopted the Law “On insurance activities” in new edition in Uzbekistan
On November 23, 2021, the President of Uzbekistan signed the Law “On insurance activities” No.ЗРУ-730 (the “Law No.ЗРУ-730”), which enters into force after 3 (three) months.
A new regulation on the procedure for the conservation of fixed assets.
Since November 1, 2021, a new regulation on the procedure for the conservation of fixed assets shall have come into force. It is going to replace the previously valid Resolution of the Council of Ministers No. 683 of 22.05.2003.
GRATA International advices Coca-Cola Içecek Anonim Şirketi (CCI) in one of the largest privatizations in Uzbekistan
GRATA International has advised Coca-Cola Içecek Anonim Şirketi (CCI), the Coca-Cola bottler for Turkey, Central Asia, Pakistan and the Middle East, in its successful bid for acquisition of 57.118% state shares in Coca-Cola Bottlers Uzbekistan, Ltd (CCBU).
Legislative amendments in land tenure arrangements in Uzbekistan
The Decree of the President of the Republic of Uzbekistan “On measures to ensure equality and transparency in land tenure arrangements, reliable protection of land rights and their transformation into a market asset” No.УП-6243 dated on June 8, 2021 (the “Decree No.УП-6243”) introduced a number of changes in the legislation on land.
New Urban Development Code has been approved in Uzbekistan
Within the framework of the law “On approval of the Urban Development Code of the Republic of Uzbekistan”, there was adopted the Urban Development Code of the Republic of Uzbekistan.
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.
The Decree of the President of the Republic of Uzbekistan “On further improvement of resource taxes and property tax”
The President of the Republic of Uzbekistan signed the Decree “On further improvement of resource taxes and property tax” No.UP-6121 dated 03.12.2020 (the “Decree No.UP-6121”) to improve the property and land taxation.