New Belarusian Insolvency Law in effect from October 1: Bankruptcy under the new rules
In December 2022, a new Law No. 227-Z was signed, titled "On Insolvency Resolution", aimed at modernizing bankruptcy regulations to align with the current economic landscape in the country.
Regulation for the provision of public services for registration of trademarks and service marks has been approved in Uzbekistan
The administrative regulation on the provision of the state service on registration of trademarks and service marks were approved by the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. ПКМ-480 dated September 19, 2023
A procedure for issuing permits to carry out mining activities has been established in Uzbekistan
In accordance with the Order of the Director of the National Agency for Prospective Projects of the Republic of Uzbekistan, dated September 29, 2023 the Regulation on the procedure for issuing permission to engage in activities in the field of mining was approved.
Reform in the field of railway transport has been launched in Uzbekistan
The President of the Republic of Uzbekistan adopted Resolution No. ПП-329 dated October 10, 2023, which sets priority tasks for reforming railway transport. They include attracting private investment, accelerating the digital transformation of the sector and improving the financial position of enterprises. It is also important to create freedom of choice of wagon operators for entrepreneurs who provide rail transportation services.
New changes have been made to the Criminal Code of Turkmenistan
According to the law “On Amendments and Additions to Certain Legislative Acts of Turkmenistan” signed by the President of Turkmenistan Serdar Berdimuhamedov, some changes were made to the country’s Criminal Code. The text of the amendments was published in the Turkmen state press.
Turkmenistan has established fines for violating standards for the use of petroleum products
The law “On Amendments and Additions to Certain Legislative Acts of Turkmenistan”, signed by the head of Turkmenistan Serdar Berdimuhamedov, defined sanctions measures against persons violating regulations related to the use of petroleum products.