Organizational Forms in Company law

1. Introduction

Past soviet oppression of private entrepreneurship led to a situation whereby every business-like undertaking requires affirmative sanction from Uzbek authorities. Courts in Uzbekistan are not likely to take into account any equity or common sense considerations. Therefore, doctrines of promoter’s pre-incorporation transactions, equitable subordination, fiduciary duties of directors/majority shareholders, “de facto” merger and others do not apply in Uzbekistan.

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Organizational Forms in Company law

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