PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of August 24, 2022 No. UP-198

About measures for reliable protection of immunity of the property right, non-admission of unreasonable intervention in the property relations, increase in level of capitalization of private property

For the purpose of creation of reliable protection of the property rights determined within open dialogue of the President of the Republic of Uzbekistan with entrepreneurs who took place on August 22, 2022, ensuring accomplishment of tasks on elimination of the reasons limiting these rights and also according to the Strategy of development for New Uzbekistan for 2022 - 2026:

1. Cancel since September 1, 2022 the following procedures, requirements and restrictions providing the direct or indirect restriction of right of possession, use and the order with private property interfering complete implementation of the principles of market economy in the property relations:

a) in the field of use of the right to the parcels of land:

the termination of the right to the parcel of land by cancellation of the acts which were the basis for emergence of the right to the parcel of land including acts of the Cabinet of Ministers, public authorities on places the same or higher bodies and officials, in particular based on the prosecutor's protest, except as specified cancellations or recognitions invalid these acts court;

registration of the termination of the right to the parcel of land in case of voluntary refusal of it the decision of the Cabinet of Ministers, public authorities on places. At the same time availability of notarially certified statement for voluntary refusal of the parcel of land is the basis for the termination of the rights to this parcel of land;

the termination of the right to the parcel of land in connection with liquidation of the legal entity (except for lands of agricultural purpose). At the same time these rights are transferred to founders (participants) of the legal entity in proportion to their share (contribution) in the legal entity if other is not stipulated by the legislation, by constituent documents or the agreement between founders;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info