Measures to reduce the shadow economy will be taken in Uzbekistan
The Presidential Decree No.УП-6098 “On organizational measures to reduce the shadow economy and improve the efficiency of tax authorities” dated October 30, 2020 (the “Decree No.УП-6098”) provides for measures to reduce the share of the shadow economy in the country.
New responsible person for RES of the Ministry of Energy of the Republic of Uzbekistan has been appointed
Abdullajon Otaboev has been appointed Head of the Department for Development of Generation Based on Renewable Energy Sources of the Ministry of Energy.
National Venture Fund is being created in Uzbekistan
On November 3, 2020, the Cabinet of Ministers adopted a Resolution “On measures to organize the activities of the National Venture Fund “UzVC”” No.ПКМ-684.
Fitch Ratings assigned “BB- (EXP)” rating to debut Eurobonds of Ipoteka-Bank
Fitch Ratings has assigned an expected Long-term rating of 'BB- (EXP)' to the upcoming issue of Ipoteka-Bank's senior unsecured US dollar-denominated Eurobonds.
The procedure for licensing activities in the field of atomic energy has been determined in Uzbekistan
On October 28, 2020, the Cabinet of Ministers adopted Resolution No.663 “On Approval of the Regulation on the Procedure for Licensing Activities in the Field of Atomic Energy Use” (the “Resolution No.663”).
Licensing procedure for credit bureaus changed in Uzbekistan
The Resolution of the Board of the Central Bank, registered under No.3042-2 dated November 6, 2020 amended the Regulation “On the procedure for registration and licensing of credit bureaus” (the “Regulation”).
In Uzbekistan a Presidential Decree on reforming enterprises with State participation and the privatization of State assets has been adopted
In the framework of the Presidential Decree No.УП-6096 “On measures to accelerate the reform of enterprises with the State participation and the privatization of state assets” dated October 28, 2020 (the “Decree No.УП-6096”), the following lists were approved
Starting from November 1, a number of tax benefits will be canceled in Uzbekistan
According to the Presidential Decree "On measures to further improve the efficiency of the use of land resources and state property objects" No.УП-6027 dated July 15, 2020, the benefits provided by the Tax Сode are canceled.
Financial support to exporters has been expanded in Uzbekistan
The President of the Republic of Uzbekistan on October 21 signed a new Decree “On further expansion of financial support for export activities” No.УП-6091 (the “Decree No.УП-6091”).
GRATA International's partners in Legal 500's Arbitration Powerlist 2020
In the recently released it's Arbitration Powerlist 2020 Legal 500 identified the leading arbitration experts in CIS and Caucasus.