UZBEKISTAN ADOPTS NEW INVESTMENT LAW

On 23 January 2025, the Senate of the Oliy Majlis, the Upper Chamber of the Uzbekistani Parliament, passed in a third reading a new revision of the Law 'On Investment and Investment Activities'. The Law, inter alia, codifies the so-called Salini risk criterion; guarantees national treatment to foreign investments and investors in line with the State's WTO accession commitments, and seeks to encourage sustainable investment.

Watch this space for an update, when the text of the Law becomes available.