Comparative analysis of the drawbacks of Uzbek and Russian JV

Law governing Contracts

Certain Russian courts are of the view that JV agreements between participants of a Russian JV must be governed by Russian law. Even if a foreign law choice for the JV agreement is valid, JV agreements are enforceable only to the extent they do not contradict mandatory rules of Russian law.

The general rule under Uzbek Civil Code is that an agreement on establishment of a legal entity in Uzbekistan shall be governed by Uzbek Law.

As per the Uzbek corporate legislation, the foundation documents of Uzbek legal entity are the Charter and Foundation Agreement.<...

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Comparative analysis of the drawbacks of Uzbek and Russian JV

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