News

The head of state proposed to introduce a new system of control to ensure timely realization of investments. In accordance with it, all projects involving foreign direct investment would be divided into four lists to be monitored separately.

A meeting was organised in the Ministry of Finance of the Republic of Uzbekistan with the participation of responsible specialists of the Ministry of Finance, Ministry of Defense, Ministry of Economy and Industry, Ministry of Investment and Foreign Trade, Ministry of Public Education, Ministry of Preschool Education, Antimonopoly Committee of the Republic of Uzbekistan and other interested ministries and departments.

The purpose of the document is to improve the legal regulation of relations arising from the creation and operation of guarantee funds (GF) in the country. The law defines the legal and economic foundations of activities in this area.

China Global Investment Summit 2019 (China Global Investment Summit 2019) was held on April 18-19, 2019 in Shanghai, China. One of the speakers was Shaimerden Chikanayev, Partner, Director of Banking & Finance Department, GRATA International.

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”.