The Belarusian office of GRATA International law firm is pleased to welcome you to the pages of our business guide, dedicated to the legal overview of investment opportunities in Belarus.
The entry into force of the new edition of the Land Code required amendments in by-laws. The government has approved 21 new regulations.
The President of the Republic of Uzbekistan signed the Law “On state registration of rights to real estate” No. ЗРУ-803 dated November 28, 2022 (the “Law No. ЗРУ-803”), which is aimed at regulating relations in the sphere of state registration of rights to real estate.
From January 1, 2023 the main part of the provisions of the new edition of the Land Code (hereinafter referred to as the Code) comes into force.
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.
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”).
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.
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 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).
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.
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.