Some of the most notable legal developments in Uzbekistan in March 2023 related to the management and privatization of state property. Hence, among other things, a Law on the Management of State Property and Presidential Resolutions on the transformation of enterprises with state participation, acceleration of privatization, and improvement of the operation of the State Assets Management Agency were passed. Other notable developments include the adoption of the Cabinet of Ministers’ Resolution on a register of importers of goods of international brands.
On 9 March 2023, a Law on the Management of State Property was adopted. The following is, among other things, provided by the Law:
The President has signed a Resolution on improving the operation of the State Assets Management Agency (the “SAMA”), which, among other things, provides for the following:
(a) starting from 1 May 2023:
(b) starting from 1 June 2023:
(c) till 1 October 2023, a web portal for the placement of information on trades in state-owned objects will be created.
Presidential Resolution No. PP-101 of 24 March 2023
The President has signed a Resolution on additional measures to reduce the involvement of the state in the national economy. The following is, among other things, envisaged in the Resolution:
The President has signed a Resolution on the transformation of large enterprises with state participation for ensuring that they operate transparently and based on market principles. It, among other things, provides for the following:
Following Presidential Resolution No. PP-393 of 12 November 2022, the Cabinet of Ministers has adopted a Resolution on the formation and maintenance of a register of importers of certain types of goods of international brands operating based on a direct agreement with brand owners or their authorized suppliers (the “Register”). The Resolution, among others, envisages the following:
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Kosta Legal Law Firm