Statutory stabilisation

Article 3 of the Law on Guarantees and Measures on Protection of Foreign Investments establishes that if the subsequent (including new) legislation of the Republic of Uzbekistan worsens investment conditions, in such cases legislation current on the date of investment is applied to foreign investments within ten years from the date of investment. In the meantime the same Law allows foreign investors at their own discretion to apply those provisions of a new legislation which make conditions for investment better.

Worsening conditions of investments refer to changes and amendments to the legislation current on the date of investment or adoption of the new legal acts, foreseeing:

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Statutory stabilisation

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