Legal Alerts
Executive Summary of the Order of the Director of the National Agency for Prospective Projects of the Republic of Uzbekistan
On the Approval of the Issue and State Registration of Bonds of IFIs Denominated in National Currency (the “Regulation”) List of Abbreviations IFIs International Financial Institutions ISIN International Securities Identification Number CFI Classification of Financial Instruments FISN Financial Instrument Short Name REPO Repurchase Agreement Register…
Wednesday, 20 August 2025
Power Industry Licensing Rules
I. Introduction On February 13, 2025, the Regulation on the Procedures for Licensing Power Sector Activities was approved by the Resolution of Cabinet of Ministers No. 91. (the “Regulation”). Taking effect on May 13, 2025, the Regulation introduces detailed requirements and procedures governing the issuance,…
Friday, 07 March 2025
Renewed Regulation on PPP: Key Insights
On 30 October 2024, a revised version of the Regulation on the Procedures for Implementation of PPP Projects (New Regulation on PPP) was adopted by the Resolution of Cabinet of Ministers No.720. Designed to make PPPs more attractive for energy sector players and streamline the…
Monday, 06 January 2025
Regulation on the Management of Fiscal Liabilities in PPP Projects
On 23 October 2023, the Cabinet of Ministers of the Republic of Uzbekistan adopted Regulation No.558 “On the Management of Fiscal Liabilities of the State in PPP Projects” (Regulation No.558). Effective immediately upon issuance, Regulation No.558 introduces new procedural steps to be fulfilled by the…
Friday, 27 October 2023
New Law on Competition
On 3 July 2023, a new Law “On Competition” (the “New Competition Law”) was adopted. It will come into force on 4 October 2023 and will replace the existing Laws “On Competition” No. ZRU-850 of 6 January 2012 (the “Current Competition Law”) and “On Natural…
Sunday, 30 July 2023
Presidential Decree No. 101: Measures to improve the competitive environment and development of PPP
On 8 April 2022, the President signed Decree No. UP-101, which provides for improvement of the country’s competitive and investment environment, the acceleration of privatization, the reduction of the role of the state in the national economy, and wider implementation of public-private partnership (PPP) projects…
Wednesday, 11 May 2022
Risk Service Contracts in Uzbekistan
On 21 July 2020, the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 448 (the Resolution) was adopted to introduce risk service contracts (RSC) as a new form of contractual arrangements between subsoil users and their contractors. Widely used in the…
Tuesday, 25 August 2020
Investment projects implementation in Uzbekistan
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Tuesday, 12 May 2020
New regulations on sovereign loans and guarantees in Uzbekistan
On January 16, 2020, the Cabinet of Ministers adopted the Resolution No. 27 “On Measures for Effective Management of the State Debt and Ensuring the Targeted Use of the Attracted Debt” (the “Resolution”). The Resolution provides for a general strategy for managing the state (sovereign)…
Friday, 31 January 2020
New Law on investments and investment activities
On December 25, 2019, the President signed the Law on Investments and Investment Activities No. ZRU-598 (the “Law”), which will come into effect on January 27, 2020. Our translation of the Law is available in English at the following link. Based on statements made by…
Monday, 27 January 2020