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).
Uzbekistan and ADB sign loan
agreements for USD 500 million
A meeting was held between Enrico Pinali, Acting Director of the Representative Office of the Asian Development Bank (ADB) in Uzbekistan and Jamshid Kuchkarov, Deputy Prime Minister and Minister of Finance of the Republic of Uzbekistan. During the meeting, they signed loan agreements in the total amount of USD 500 million to improve economic governance in the country and develop the mortgage market sector in Uzbekistan.
101 profitable investment offers
from the regions of Uzbekistan
Agency for Foreign Investment Promotion in collaboration with the Development Center for Investment Projects and khokimiyats of regions developed 101 investment offers worth a total of USD 892 000 000.
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.