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Economy 13/01/2022 Investment projects to be implemented under new conditions
Investment projects to be implemented under new conditions

Tashkent, Uzbekistan (UzDaily.com) – Resolution of the Cabinet of Ministers "On amendments and additions to the Regulations on the procedure for withdrawing land plots and providing compensation to owners of real estate", approved by the resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 911 from 16 November 2019" was adopted.

The document was adopted in order to prevent and efficiently resolve disputes arising from the withdrawal of land plots, as well as to strengthen the protection of the rights and legitimate interests of land owners.

The resolution made the following changes and additions:

- firstly, clause 33 of the Regulations is supplemented by two paragraphs, which establish that:

- the protocol (drawn up at the end of an open discussion and signed between the investor and the owners of land plots) must indicate the owners who agreed or refused to implement investment projects in this territory;

- it is not allowed to implement an investment project on the relevant territory if at least one owner disagrees, who expressed his will in the course of an open discussion on the implementation of an investment project on a planned land plot;

- secondly, clause 47 of the Regulations is reworded, according to which the investor has the right to apply to the court to establish the amount and types of compensation, as well as the timing of its payment to the owners of real estate, with which the investor could not come to an agreement. Previously, the investor had the right to apply to the court for the forced purchase of real estate objects from such a category of owners.

 

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