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Risk Service Contracts in Uzbekistan

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

Investment projects implementation in Uzbekistan

The information provided in this alert does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available here are for general informational purposes only. This alert contains links to other third-party websites. Such links are only for the convenience…

Tuesday, 12 May 2020
New regulations on sovereign loans and guarantees in Uzbekistan

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

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
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Uzbekistan to introduce new currency control rules

The President has signed the Law On Currency Regulation No. ZRU-573 of October 22, 2019 (the “New Law”), which is effective since its date of publication - 23 October 2019. As the result, the Law On Currency Regulation No. ZRU 556 - II of December…

Friday, 01 November 2019
Privatization of land in Uzbekistan

Privatization of land in Uzbekistan

On August 13, 2019, the Law on Privatization of Non-Agricultural Land Plots (the “Law”) was adopted. An unofficial translation of the Law is available in English at the following link: https://kostalegal.com/publications/law-on-privatization-of-non-agricultural-land-plots. The Law will come into force on March 1, 2020. The adoption of the…

Tuesday, 10 September 2019
Adoption of Data Protection Law

Adoption of Data Protection Law

On June 2, 2019, the Law on Personal Data (the “Law”) has been adopted. Unofficial English version of the Law can be found at: https://kostalegal.com/publications/law-of-the-republic-of-uzbekistan-on-personal-data. The Law shall come into force on October 1, 2019. It means that, by that date, all organizations have to…

Thursday, 25 July 2019
Adoption of Renewable Energy Law

Adoption of Renewable Energy Law

On May 21, 2019, the Law on the Use of Renewable Energy Sources (the “Law”) has been adopted. Unofficial English version of the Law can be found at: https://kostalegal.com/publications/legal-highlight/law-of-the-republic-of-uzbekistan-on-the-use-of-renewable-energy-sources. The purpose of the Law is to promote the production of energy through the use of…

Monday, 17 June 2019
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PPP legislation in Uzbekistan: adoption of the PPP Law

The Uzbek Law “On Public – Private Partnership” No. ZRU – 537 (the “PPP Law”) has been adopted on May 10, 2019. It shall take effect on 10 June 2019. Unofficial English version of the PPP Law can be found at https://kostalegal.com/publications/legal-highlight/law-of-the-republic-of-uzbekistan-on-public-private-partnership. The Law provides…

Monday, 10 June 2019
Labour law reforms

Labour law reforms

On April 12, 2019, the Minister of Employment and Labour Relations released a concept of the new Labour Code (the ‘Concept’). According to the Concept, the revised Labour Code (the “Code”) that is planned to be adopted this year is aimed at positively affecting SME…

Thursday, 23 May 2019