Uzbekistan merger control
Produced in partnership with GRATA International Law Firm
Uzbekistan merger control

The following Competition practice note produced in partnership with GRATA International Law Firm provides comprehensive and up to date legal information covering:

  • Uzbekistan merger control
  • 1. Have there been any recent developments regarding the merger control regime in Uzbekistan and are any updates or developments expected? Are there any other ‘hot’ merger control issues in Uzbekistan?
  • 2. Under Uzbek merger control law, is the control test the same as the EU concept of ‘decisive influence’? If not, how does it differ and what is the position in relation to 'minority shareholdings'?
  • 3. Are joint ventures caught by the national merger control provisions (including non-structural, cooperative joint ventures)?
  • 4. What are the merger control thresholds and would a purely foreign-to-foreign transaction be caught (commenting on any ‘effects’ doctrine/policy if relevant)?
  • 5. Are there any specific issues parties should be aware of when compiling and calculating the relevant turnover for applying the jurisdictional thresholds?
  • 6. Where the jurisdictional thresholds are met, is notification mandatory and must closing be suspended pending clearance?
  • 7. Is there any discretion to review transactions that fall below the notification thresholds?
  • 8. Is it possible to close the deal globally prior to local clearance?
  • 9. Is there a deadline for filing a notifiable transaction and what is the timetable thereafter for review by the Antimonopoly Committee?
  • More...

Uzbekistan merger control

A conversation with Bakhodir Jabborov, senior partner, and Anora Turakhujaeva, associate, manager of the Tashkent office of regional law firm GRATA International Law Firm, on key issues on merger control in Uzbekistan.

NOTE–to see whether notification thresholds in Uzbekistan and throughout the world are met, see Where to Notify.

1. Have there been any recent developments regarding the merger control regime in Uzbekistan and are any updates or developments expected? Are there any other ‘hot’ merger control issues in Uzbekistan?

The merger control regime is regulated by the Law of the Republic of Uzbekistan No ZRU-319 on Competition (the 'Competition Law'), which entered into force on 6 December 2012 and replaced the Law on Competition and Restriction of Monopolistic Behaviour in the Commodities Markets. The Competition Law now also governs merger control in financial markets, whereas the previous law applied only to commodity markets.

Annex 5 to Regulation No 230 on reviewing and obtaining preliminary consent for concluding share acquisition agreements in legal entities (Regulation No 230) and Regulation No 344 on issuing preliminary consent for establishing associations of legal entities, mergers and consolidation of legal entities (Regulation No 344) were replaced by Regulation No 338 on approval of certain administrative regulations on the provision of services in the field of antimonopoly regulation in commodity and financial markets. The document sets out the following regulations:

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