Regulatory Alerts2017-01-17 | ПФ-4933Added
On Measures for Further Simplification of Procedures and Acceleration of the Sale of State Property for Business Use
The President of Uzbekistan establishes procedures to simplify the privatization of state assets, granting regional heads the authority to sell municipal property and prohibiting authorities from challenging privatization results. The decree mandates the use of international sale methods such as IPOs and SPOs, restricts required bidder documents to applications and business plans, and requires the identification and listing of over 600 unused state assets for sale, including at zero cost. It also imposes strict timelines on government committees to submit proposals for legislative changes and strategic asset definitions.
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