27.03.2023
On February 27, 2023, the President of the Republic of Uzbekistan signed the Law No. ZRU-819 “On Technical Regulation”
27.03.2023
The Board of the Central Bank adopted a Resolution dated February 8, 2023, registration number No. 3420 “On approval of the Instruction on the procedure for opening, maintaining and closing bank accounts”
27.03.2023
In accordance with the Resolution of the President dated November 12, 2022 No. ПП-393 "On measures to provide the population with high-quality products of international brands and create additional conditions for the entry of domestic enterprises into global value chains", starting from January 1, 2023, reduced rates of import customs duty are applied when importing into the Republic of Uzbekistan
27.03.2023
The Board of the Central Bank adopted the Resolution dated March 7, 2023, registration number No. 3423 “On approval of the Regulation on the procedure for passing permitting and notification procedures in the field of activities of microfinance organizations and pawnshops”
Senior Associate of GRATA International in Uzbekistan won the 10th International Commercial & Investment Arbitration Moot Competition
The International Commercial & Investment Arbitration Moot Competition is an annual international competition that brings together law students from around the world to participate in mock arbitration hearings. The competition focuses on international commercial and investment arbitration and is designed to simulate a real-life arbitration proceeding.
GRATA International held an international online conference on Corporate law
On February 28, 2023, the GRATA International offices in Belarus, Georgia, Mongolia, Russia, and Uzbekistan discussed the topic of "Corporate Governance and M&A".
Textile and clothing-knitwear industry is being reformed in Uzbekistan
The President of the Republic of Uzbekistan signed Decree “On measures to support the activities of cotton-textile clusters, radical reform of the textile and clothing-knitwear industry, as well as further increase in the export potential of the sector” No. УП-2 dated January 10, 2023 (the “Decree No. УП-2”).
The government will support the activities of cotton-textile clusters in Uzbekistan
The Cabinet of Ministers of the Republic of Uzbekistan adopted the Resolution “On additional measures to support the activities of raw cotton producers” No. 23 dated January 26, 2023 (the “Resolution No. 23”).
Uzbekistan takes measures to support business
In accordance with the Resolution of the President “On measures to support business entities to reduce the negative impact on the economy of a sharp drop in air temperature” No. ПП-43 dated February 3, 2023 (the “Resolution No. ПП-43”), business entities will be given the opportunity to pay tax debts that have increased (formed) as of February 1 in relation to January 1, 2023, in installments in equal shares (from March 1 to July 1, 2023) without accruing interest, setting additional conditions and requiring security.
The rules for considering a patent holder's application for granting the right to an open license have been approved in Uzbekistan
The Order of the Minister of Justice “On approval of the rules for considering an application of a patent holder for granting the right to an open license and publication of information” No. 3418 dated February 7, 2023 (the “Order No. 3418”) approved the rules for filing, considering an application and publishing information about the application of patent holders on granting the right to an open license.