Enforcing Security in Uzbekistan

Under Uzbek law, pledges can be enforced following an event of nonperformance or improper performance by the pledge provider or the borrower (if the borrower and pledge provider is not the same person) of the secured obligation. The Uzbekistan court may also refuse to enforce a pledge if it determines that the non-performance is “extremely insignificant” and the pledge holder’s claim is “manifestly disproportionate” to the value of the pledged property.

The procedure for enforcement of mortgages is different from pledges. We avoid the description of the enforcement procedure of mortgages herein as the Proposed Security Interests do not include a mortgage of immoveable property

of the Borrower.

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Enforcing Security in Uzbekistan

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All payments currently accepted via bank transfers only. Please complete a form below to receive an Agreement for our product and invoice.