Legal Alerts

Liberalization of forex control in Uzbekistan

Systematic problems with respect to foreign exchange and repatriation of profits may still be observed in Uzbekistan. Despite legislative guarantees, it may be difficult for a foreign investor to convert profits generated in Uzbekistan to a freely convertible currency in practice. Realizing that this problem…

Friday, 03 March 2017

Company registration procedures in Uzbekistan

Since November 2016, the Government of Uzbekistan has been introducing a series of legislative amendments aimed at significant simplification of company registration procedures. It is anticipated that these efforts will further greater inflow of foreign capital, result in proliferation of small and medium sized business…

Monday, 27 February 2017

Uzbekistan: The Anti-Corruption Law comes into force

The law sends a clear message that the government is determined to combat corruption based on international experience, but more specific by-laws are expected to follow. In December last year, newly elected President of Uzbekistan Mr. Shavkat Mirziyoev signed into law the long-awaited Act on…

Friday, 10 February 2017

Update on collection of personal data in Uzbekistan

The Uzbek Parliament has introduced amendments into the Code of Administrative Responsibility and the Criminal Code of the Republic that will have a significant impact on collection of personal data within the country. It is has been determined that collection and dissemination of information about…

Friday, 18 November 2016