Some aspects of legal regulation of privatization issues in the Republic of Uzbekistan.
Privatization of State assets in the Republic of Uzbekistan is proceeding apace and Uzbekistan is demonstrating its political will to expand the privatization process and to attract both foreign and domestic investors.
At present, the sale of state assets is mainly regulated by decrees and resolutions of the President of the Republic of Uzbekistan, other by-laws. The Law "On Privatization", adopted in 1991, although not invalidated, does not contain all the relevant changes necessary to regulate the rapidly developing privatization process.
LAW FIRM LEGATE WISHES MERRY CHRISTMAS AND COMING NEW 2023 YEAR!
LAW FIRM LEGATE WISHES MERRY CHRISTMAS AND COMING NEW 2022 YEAR!
Public-Private Partnership in the Republic of Uzbekistan: What changed?
The Government involvement into relations that are subject to the civil legislation on an equality with other participants is stipulated by the Article 79 of the Civil Code of the Republic of Uzbekistan. At the same time, it is stipulated that the regulatory and administrative authorities and other bodies specially authorized by such shall participate in the relations that are subject to the civil legislation on behalf of the Government.
The Public-Private Partnership (PPP) shall represent one of the forms of such interaction between the Government and the private sector. The Law of the Republic of Uzbekistan "On Public-Private Partnership" has been adopted on May 10, 2019. A special body - the PPP Development Agency that is defining the uniform PPP Policy in the Republic, considering projects, approving the tender documents and PPP agreements has been created even earlier by the Decree of the President of the Republic of Uzbekistan dated as of October 20, 2018.
