Uzbekistan

Uzbekistan's insolvency bill passes first reading in parliament

Uzbekistan's insolvency bill passes first reading in parliament
Uzbekistan's insolvency bill passes first reading in parliament / Photo: Legislative Chamber of the Oliy Majlis.

Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan's Legislative Chamber of the Oliy Majlis has passed a bill amending legislation on civil proceedings, state duties and insolvency in its first reading, the lower house's press service said.

The bill proposes amendments to the Civil Procedure Code and the laws "On State Duty" and "On Insolvency".

In particular, it establishes procedures for courts to consider cases involving the correction of errors in civil status records. The proposed changes are expected to reduce bureaucratic procedures for citizens and expand opportunities to restore their violated rights.

The amendments also cover insolvency proceedings. They would allow courts to reduce the remuneration of judicial administrators if they fail to perform their duties properly.

The bill also proposes expanding the scope for appealing certain court decisions, clarifying pre-trial rehabilitation procedures and establishing rules for releasing judicial administrators from their assigned duties.

Another set of amendments concerns the alignment of certain provisions on state duties and improvements to mechanisms for protecting the legitimate interests of creditors and debtors during insolvency proceedings.

According to the bill's authors, its adoption is expected to improve the efficiency of court operations, create better conditions for business activity and simplify legal regulation for citizens and businesses.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.