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
20.11.2020
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.
GRATA Law Firm held an International Online Conference for Litigation
On 29 October 2020, an international online conference was held on: Recognition and Enforcement of Judgements and Arbitral Awards in 10 jurisdictions of GRATA International on ZOOM platform.
ADB approved USD 200 million loan to improve power sector in Uzbekistan
On 28 September the Asian Development Bank (ADB) approved a USD 200 million policy-based loan to Uzbekistan. The loan will be used for strengthening Uzbekistan’s power sector by improving its financial sustainability and ensuring adequate investment in critical infrastructure. This policy-based loan became the first of its kind in Uzbekistan’s energy sector.
The list of offshore zones has been updated in Uzbekistan
In accordance with the additions to Regulation “On the procedure for monitoring the validity of the conduct of foreign exchange transactions by legal entities and individuals” (Appendix to the Resolution No.2467 dated June 12, 2013) (the “Regulation”), the changes were made.
Amendments and additions have been made to the Clearing System of Central Bank of Uzbekistan
By the Resolution of the Board of the Central Bank No. 2570-1 dated September 28, 2020, the following adjustments were made.
The Regulation of the auction in the field of energy projects is adopted
Based on the Presidential Decree No.UP-5614 of January 8, 2020, as well as Presidential Resolutions No.PP-4422 dated August 22, 2019, No.PP-4477 dated October 4, 2020 and No.PP-4779 dated July 10, 2019, there has been envisaged the introduction of the mechanism for the implementation of investment projects on the terms of public-private partnership (PPP) in the field of electricity generation based on renewable energy sources (RES).
SCADA and EMS systems will be implemented in Uzbekistan
In accordance with the Presidential Resolution No.PP-4699 “On measures for the widespread introduction of the digital economy and e-government” dated April 28, 2020, a project for the implementation of dispatch control and data collection (SCADA) and energy management (EMS) systems are envisaged.