Form of the agreement Pursuant to Article 112 of the Civil Code, failure to comply with the notarisation requirement or the requirement for state registration of an agreement, where such requirements are prescribed by law, renders the transaction invalid. Under Article 488 of the Civil Code, an agreement for the sale of a residential house, apartment, or part of a residential house or apartment must be notarised and registered with the state. There is no statutory requirement

Licensable and permit-based activities in the Republic of Uzbekistan are regulated by a unified law. At the same time, licensing rules for certain specific types of activities may also be established by other laws and subordinate regulations. Separate licenses and permit documents are not required for branches and representative offices established by legal entities. In such cases, the addresses of branches and representative offices are included in the licenses and permit do

Under Uzbek law, state customers are generally required to procure goods, works and services through public procurement procedures. In this very short article, we have highlighted the key points of tender procedures in Uzbekistan to be considered before deciding to bid. Pursuant to Article 30 of the Law, the following procurement methods may be used: Electronic store; Simplified procedure for low-value procurements; Reverse auction (auction for reduction of the starting price

The importance of carefully drafting an arbitration clause was once again highlighted by the Supreme Court of Uzbekistan in case No. 4-12-2102/22. Case facts Two Uzbek resident companies whose shareholders are Chinese investors entered into a real estate lease agreement for a property located in a Free Economic Zone (FEZ) for a term of 3.5 years. Clause 11.1 of the agreement provided that disputes arising from the performance of the contract should first be resolved through a

Following Presidential Decree No. PF-48 , Uzbekistan is moving toward establishing the Tashkent International Financial Centre (TIFC) — a special legal and financial regime aimed at positioning the country as a regional financial hub. While much attention has been given to the adoption of English common law, independent courts, and arbitration mechanisms, the tax regime is arguably the real driver of investor interest. Here is the list of tax and customs privileges that’s is

This FAQ briefly informs about our law firm and what we mainly do. 1. Who is Fairlex Consulting? Fairlex Consulting is a business-focused law firm in Uzbekistan providing commercial litigation, corporate legal services, debt recovery, and regulatory advisory. The firm advises both Uzbek and international companies operating in Tashkent and across Uzbekistan. If you are searching for a reliable business lawyer in Uzbekistan, Fairlex Consulting provides structured, results-orie

The Economic Chamber of the Supreme Court, within the framework of case No. 4-1701-2004/1495, clarified practical application of article 25 of the Law “On Pledge” based on the provisions of the Law “On Mortgage” and Civil Code. Background A commercial bank extended a loan in the amount of USD 197,000 to LLC “A”. As security, among several assets, a real estate property owned by LLC “B” was pledged and valued at UZS 825,000,000. Following borrower’s failure to perform its paym

Foreign companies conducting business in Uzbekistan may, from time to time, encounter contractual, corporate or financial disputes with local counterparties. A clear understanding of the commercial litigation framework in Uzbekistan is essential for effectively protecting both legal and commercial interests. This guide provides a practical and accessible overview of commercial litigation in Uzbekistan, specifically tailored for foreign companies and investors. I. Competence a