PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of September 14, 2021 No. UP-6313

About measures for radical enhancement of contractual relations

For the purpose of further enhancement of the civil relations, cancellation of the set artificial restrictions in case of the conclusion of separate agreements, and also creations of necessary conditions for use of information systems in contractual relations:

1. Agree with the offer of the Ministry of Justice, Ministry of Economic Development and reducing poverty and the Antimonopoly Committee on cancellation since December 1, 2021:

prohibition on acceptance by commercial banks of payments for the delivered products (the performed works, the rendered services) at the expense of the third parties;

requirements about obligatory establishment of advance payment in agreements to deliver goods (performance of works, rendering the services) concluded by business entities with share of the state of 50 percent and more;

requirements about obligatory establishment of advance payment in the agreements signed between producers of agricultural and livestock products and procurement organizations.

Note that the advance payment and advance payment provided by paragraphs the third and fourth this Item are determined by agreement of the parties agreements.

2. Permit physical persons to provide and settle loans among themselves in foreign currency by the notarial certificate of loan agreements.

To the Ministry of Justice together with the Ministry of Finance in two-month time to introduce to the Cabinet of Ministers the bill providing reduction twice of the amount of the state taxes collected for the notarial certificate of loan agreements and making of executive texts of collection of the sums of money following from loan agreements.

3. Establish procedure according to which since January 1, 2022:

a) the property exposed for realization on electronic online auction in case of execution of court resolutions and acts of other bodies is transferred to the winner of auction without debts and with the withdrawn ban, at the expense of the money which arrived from its realization. In case of insufficiency of the money which arrived from realization of property, the obligation on debt repayment remains for it the same the owner - the debtor.

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