Uzbekistan Updates Pledge Legislation to Protect Creditors and Attract Investment

Tashkent, Uzbekistan (UzDaily.com) — On 13 October, Tashkent hosted the first meeting of the Working Group on improving pledge legislation under the Council of Foreign Investors at the President of Uzbekistan.

The event, organized by the Ministry of Investments, Industry and Trade together with the Central Bank, the CFI Secretariat, and international consulting company BDO Uzbekistan, aimed to create a modern and transparent legal framework to protect creditors’ rights and strengthen investor confidence.

Representatives of foreign investors and government agencies participated in the meeting. Discussions focused on improving the management of the pledge registry and introducing new forms of pledges, including pledge accounts, intellectual property rights, and shares in legal entities.

Experts shared international experience and recommendations for its application in national practice. Proposals included mandatory registration of real estate, integration of the pledge registry with cadastral and depository databases, and the separation of movable and immovable property registration systems.

The implementation of these initiatives is expected to increase transparency of financial operations, simplify business access to credit resources, and create additional incentives for attracting foreign investment to Uzbekistan’s economy.