New in the protection of property rights in Uzbekistan
On November 20, 2019, the Decree of the President of the Republic of Uzbekistan "On measures to further improve the business environment and improve the system of support for entrepreneurship in the country" was adopted, which emphasizes the protection of property and the rights of entities acquiring state assets.
Let's see what is new in this Decree concerning the protection of the rights of entities acquiring state property.
Law On Personal Data
On October 1, 2019, the Law “On Personal Data” enters into force. The Law regulates all matters relating to the processing and protection of personal data, regardless of the processing means used, including information technology.
Heretofore matters relating to personal data processing in Uzbekistan were not regulated by any domestic legislation.
Regulation of crypto-assets turnover in Uzbekistan
Adoption of the Resolution of the President of the Republic of Uzbekistan №PR 3832 “On measures on the development of digital economy of the Republic of Uzbekistan” on July 3, 2018 determined indroduction and development of the activities in the field of crypto-assets turnover, including mining, smart contracts, consulting, issuance, exchange, storage, distribution, management, insurance, crowdfunding, as well as blockchain technologies to diversify various forms of investment and entrepreneurial activities as one of the prior objectives for the digital economy development.
The Resolution has outlined the following basic aspects:
Features of regulation of production facilities’ use
Problems related to property law have become in recent years probably the most pressing issues for our compatriots, as well as foreign investors.
These cover also the procedure for legal regulation of the use of production facilities by entrepreneurs.
The procedure for hiring foreign specialists has been changed.
Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No.244 dated March 25, 2019 in pursuance of the Resolution of the President No. PP-4008 of November 7, 2018 “On measures on the creation of favorable conditions for carrying out of labor activities on the territory of the Republic of Uzbekistan by qualified specialists from foreign states” passed the Regulation dated March 25, 2019 of the Cabinet of Ministers of the Republic of Uzbekistan on the approval of Provisions “On the procedure for attracting and usage of labor force in the Republic of Uzbekistan”.
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