News

Firstly, the procedure of transfer of participating interest (its part) in authorised capital from one shareholder of limited liability company (hereinafter referred to as “LLC”) to another one and/or third parties is detailed. Shareholder intending to exercise right of privilege purchase has to notify another shareholder who suggested to sell the participating interest (its part) within a 7-day period. Whereas, shareholder intending to buy participating interest (s) should specify whether he/she intends to purchase in full or partly.

On April 1, 2019, the President of the Kyrgyz Republic Sooronbay Jeenbekov signed the Law of the Kyrgyz Republic “On Amendments to Certain Legislative Acts on the Issues of Investment Funds Activities”.

President of Uzbekistan Shavkat Mirziyoyev approved the reorganization of Uzbekenergo on 27 March.

The President of Uzbekistan Shavkat Mirziyoyev signed the Law “On introducing changes and amendments to some legislative acts of the Republic of Uzbekistan in connection with the adoption of additional measures to improve the business climate in the country”.

The President ordered to create a new edition of the Civil Code of the Republic of Uzbekistan (the “Civil Code”), which shall meet the requirements of the real market economy and international standards.

On April 15, 2019 the Prime Minister of the Kyrgyz Republic, M. Abylgaziyev, signed the Resolution of the Government of the Kyrgyz Republic “On approval of state duty rates”.