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Law & Legal Issues, Uzbekistan

08.03.2013

A meeting of the creditors of Uzdunrobita, Russia's MTS branch in Uzbekistan has voted to seek its liquidation, a source in government circles told Trend.

As previously reported, in January Uzdunrobita appealed to the Commercial Court of Tashkent with an application for bankruptcy.

A bankruptcy petition was filed due to the company's inability to fulfil its obligations in accordance with the decision of the Tashkent Criminal Court and the Appeal Court which set the total amount of fines and penalties to be paid by the operator at $600 million.

18.02.2013

Today the lowest number of prisoners in the world is observed in Uzbekistan, which has 166 people for every 100,000 of population, chairman of Uzbek Supreme Court Buritosh Mustafayev said in an interview with The People's Word newspaper.

In Russia, the figure reaches 611 and in the U.S. 738 people.

05.02.2013

By January 10 this year, the Amnesty Act, adopted by the Uzbek Senate (the upper house of parliament) in early December 2012 in connection with the 20th anniversary of the Constitution, covered 840 prisoners, the Foreign Ministry press service said.

According to the press service, up till now 837 prisoners were released from punishment, including more than 200 women. Of these, more than a dozen were prisoners under 18. One man was amnestied due to disability and more than five hundred amnestied were first time offenders, by accident or due to a minor social crime.

14.01.2013

Off-budget Pension Fund under Uzbek Finance Ministry has introduced a 'Pension' software package, designed to automate allocation and calculation of pensions and benefits, and their recalculation according to the legislation, fund representative told Trend on Monday.

The package provides registration, storage, processing and delivery of information on pensioners in the local departments of the pension fund.

In addition, the software allows to draft payment documents (statements on pensions and benefits allocation), send e-vouchers to relevant institutions responsible for payments.

09.01.2013

The representatives of Uzbek Foreign Ministry have discussed practical issues of bilateral cooperation in the judicial and legal field with delegation of German Foundation for International Legal Cooperation under the German Federal Ministry of Justice, the press service of the Foreign Ministry said on Wednesday.

The fund delegation was headed by its director Dirk Mirow.

21.12.2012

In Uzbekistan, amendments to the laws "On elections of the Oliy Majlis of the Republic of Uzbekistan" and "On elections to regional, district and city Councils of People's Deputies" related to the further provision of freedom of choice and the development of electoral law have entered into force in Uzbekistan.

21.12.2012

The law on "Private banking and financial institutions and guarantees of their activity" has entered into effect in Uzbekistan.

The law was adopted by the Uzbek Legislative Chamber in November this year and was approved by the Senate in early December.

The law aims to create a legal framework for creating private banks and financial institutions based on private ownership, expanding competition for increasing the quality of customer service , and to creating conditions for drawing private capital in the banking and financial sector.

18.12.2012

Uzbekistan will develop and introduce information systems that are integrated within the national information system for collecting, processing and storing information about the activity in the courts in 2013-14.

This work is envisaged by the order of the Cabinet of Ministers which approved the programme of introducing modern information and communication technologies in the work of the courts.

07.12.2012

Uzbekistan will increase excise tax alcohol and tobacco produced in the country from 5 to 25 percent from Jan.1, 2013, Uzbekistan's First Deputy Prime Minister and Finance Minister Rustam Azimov said at the Senate's meeting.

In particular, the excise on wine will be increased by 5 percent, for ethyl alcohol - 15 percent, to other types of alcoholic beverages - by 20 percent, tobacco products - by 25 percent.

"Additional revenues of 101 billion sums will be added to the revenue part of the budget as a result of the increase in excise tax rates on these types of products," Azimov said.

03.12.2012

The legislative chamber of Uzbek Oliy Majlis has approved a number of amendments to the laws envisaging the improvement of tax legislation and the creation of favorable conditions for the taxpayers, the lower chamber of the parliament said today.

The bill on "Amendments and additions to some legislative acts in connection with the adoption of main directions of tax and budget policy for 2013, as well as reducing the frequency of submitting tax accounting" envisages making the relevant amendments to the Tax Code, the laws on "Bankruptcy", "Customs Tariff" and "Foreign Investments".