Agency for Development of Small Business and Entrepreneurship under the Ministry of Economy and Industry has been established
This Regulation has been adopted in accordance with the Decree of the President dated August 13, 2019.
The Law “On Investments and Investment Activities” has come into force in Uzbekistan
The Law covers all basic principles envisaged at all stages of investments and investment activities in relation to both domestic and foreign investors.
GRATA International took part in the session for regulated ancillary service provider (ASP) firms
On 24 February 2020 in the Astana International Financial Centre, the session for regulated ancillary service provider firms was held by Astana Financial Services Authority.
Amendments to Foreign Currency Regulation
On February 20, 2020, the Management Board of the Central Bank of the Republic of Azerbaijan approved a decision on amendments to the “Regulations on currency operations of residents of the Republic of Azerbaijan in foreign currency, and non‐residents in national and foreign currencies”.
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.