Office
NEW LEVEL Business Centre,
23 Taras Shevchenko Street,
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Tashkent, 100060
Uzbekistan
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LOCATIONSTashkent | Uzbekistan
Uzbekistan introduces amendments to banks’ capitalisation requirements and liberalises access to their ownership by non-residents
May 2023 – On 19 April 2023, the President of Uzbekistan signed law No. ЗРУ-831, which came into force on 20 April 2023 and introduced changes to the law “[o]n banks and banking activities” (the “Amended Banking Law”).
Kinstellar advises on an IFI-financed pharma sector acquisition in Uzbekistan
April 2023 – Kinstellar is delighted to announce that it has advised a holding company of a leading Ukrainian pharmaceutical company, YURiA PHARM, on the two-stage acquisition of a pharmaceutical company in Uzbekistan.
Kinstellar advises Silk Road Fund on the acquisition of a 49% stake in the Sirdarya CCGT power plant in Uzbekistan
February 2023 – Kinstellar is delighted to announce that it has successfully advised Silk Road Fund, a development and investment fund established under the framework of the Belt and Road Initiative, on the acquisition of a 49% stake in the 1.5 GW Sirdarya...
Uzbekistan liberalizes regulatory framework for mining of crypto-assets
May 2022 – On 27 April 2022, the President of Uzbekistan signed decree No. UP-121 (the “Decree”), which (i) reorganized the National Agency for Project Management into the National Agency of Perspective Projects (the “Agency”) and authorizing...
Data Privacy Concerns in the Metaverse. May the privacy be with us!
April 2022 – All of us have concerns regarding data privacy in the metaverse. Countless questions come to mind, such as: What is the metaverse? Can a digital personality be considered as personal data? What happens if digital data is processed? In this...
Uzbekistan reinforces legal framework for privatization of land
January 2022 – On 15 November 2021, the President of Uzbekistan signed the law No.ЗРУ-728 “[on] privatization of non-agricultural land plots”, which entered into force on 16 November 2021 (the “Law”) and which abolished the earlier adopted...
Kinstellar advises the joint-lead managers on the USD 700 million debut Eurobond of Uzbekneftegaz
November 2021 – Kinstellar is pleased to announce that our team in Taskent has advised the joint-lead managers—Bank GPB, Citi, J.P. Morgan and MUFG—on the debut USD-denominated Eurobond, with a tenor of seven years, of the Uzbek state-owned oil...
Spotlight on Uzbekistan: Kinstellar’s regular look at the Uzbek market - November 2021
November 2021 – This issue covers the following topics:
Kinstellar strengthens its team in Uzbekistan with the appointment of Sherzod Yunusov as Partner
October 2021 – Kinstellar is delighted to announce that Sherzod Yunusov has joined the firm’s Tashkent office as Partner. His joining the firm bolsters our team’s capabilities in Uzbekistan and particularly our expertise in the energy and infrastructure...
Spotlight on Uzbekistan: Kinstellar’s regular look at the Uzbek market - February 2021
March 2021 – Spotlight on Uzbekistan: Kinstellar’s regular look at the Uzbek market
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