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COVID-19: FORCE MAJEURE

COVID-19: FORCE MAJEURE

In the context of recent events related to the spread of coronavirus (COVID-19), including the adoption of various types of restrictions by state authorities, many entrepreneurs have faced the inability to fulfill their contractual obligations, both on their part and on the part of their contractors. We will not describe for a long time how and how much the current situation affects the economy as a whole and each entrepreneur, but will try to understand it by applying the legal norms of the Republic of Uzbekistan.

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New in the protection of property rights in Uzbekistan

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.

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Law On Personal Data

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.

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Regulation of crypto-assets turnover in Uzbekistan

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:

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