Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan has amended the rules governing bank accounts for businesses undergoing insolvency proceedings, introducing special accounts to manage their funds.
The amendments were registered by the Ministry of Justice on 20 October 2026 under No. 3420-3.
Under the new rules, a bank must open a special account for a business when rehabilitation, external management or liquidation proceedings are initiated.
Outgoing transactions from the business’s main and secondary accounts will be suspended, while the remaining balances and all subsequent incoming funds will be transferred to the special account.
Payment documents submitted to the main and secondary accounts, including collection orders, as well as decisions restricting account operations, will be returned to the organizations or authorities that issued them without execution.
Funds in the special account may be managed only on the basis of a payment order issued by the client or the court-appointed administrator.
The amendments also expand citizens’ access to information about their bank accounts. Individuals will now be able to request information about all their accounts from any bank, whereas previously they had to contact the bank where their main account was held.
In addition, biometric passports for foreign travel may now be used when opening a bank account.
The new procedures are expected to streamline settlements for businesses facing financial difficulties and create conditions for restoring their solvency.
