Following the release of Chambers Global 2020, one of the most reputable international legal directories identifying best legal experts across the globe, GRATA International solidifies its position as one of the leading law firms in Eastern Europe and Central Asia by entering rankings in six countries.
Uzbekistan passed the Law on Investments and Investment Activities
Starting from January 27, 2020, the Law of December 25, 2019, № ZRU – 598 "On Investments and Investment Activities" will enter into force.
Interpretations of The Code of Administrative Offenses by Constitutional Court: Azerbaijan
On 19 December 2019 Azerbaijan’s Constitutional Court (“CC”) adopted a decision on Interpretations of Articles 38.1 and 430.4 of the Code of Administrative Offenses of the Republic of Azerbaijan (“Code”).
Astana International Financial Center (AIFC) held a working meeting on January 9-10, 2020 in Almaty
A working meeting was held at the AIFC office in Almaty, where the final results of the work of the AIFC and its burse (Astana International Exchange) for 2019 and plans for 2020 were discussed.
Results of the twenty-fifth plenary session of Senate of the Oliy Majlis of Uzbekistan
Senate members reviewed the Law “On investments and investment activities”. It introduces the conceptual apparatus, determines the types of investments by destination (capital, financial and social).
A new procedure for the circulation of securities has been established in Uzbekistan
The capital market Development Agency Republic of Uzbekistan has established a new procedure for the circulation of securities. The new procedure allows circulation of securities only in the case of after the completion of their placement period.
Chambers&Partners has recently released its 2020 Asia-Pacific Guide, in which GRATA International has confirmed its status as one of the leading legal experts in Central Asia and Caspian region, with rankings in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
To help entrepreneurs: Tajikistan will launch a single window system
Entrepreneurs in Tajikistan will find it easier to process documents.
Uzbek-European Association for Economic Cooperation is created
On November 12, the inauguration ceremony of the Uzbek-European Association for Economic Cooperation was held at the Embassy of Uzbekistan in Belgium.
Uzbekistan and Korea signed an agreement on mutual promotion and protection of investments
The President approved the Agreement between the government of the Republic of Uzbekistan and the government of the Republic of Korea on mutual promotion and protection of investments, signed on April 19, 2019 in Tashkent.
On the implementation in Belarus International Financial Reporting Standards and their Interpretations
Legislation fixes the obligation for socially significant organizations to prepare annual consolidated financial statements in accordance with IFRS.
The Agency for the Development of Small Business and Entrepreneurship under the Ministry of Economy and Industry is established
According to the Decree of the President of the Republic of Uzbekistan No. UP-5780 dated August 13, 2019 “On additional measures to strengthen the protection of private property and guarantees of property rights, radically improve the organization of work to support entrepreneurial initiatives, as well as expand access of business entities to financial resources and production infrastructure”, the Agency for the Development of Small Business and Entrepreneurship under the Ministry of Economy and Industry was established.