Restrictions and limitations in commodity derivatives with CBU

A doctrine of ultra vires. invalid transactions entered into by the CBU beyond its authority.

A doctrine similar to ultra vires exists in Uzbekistan. Transactions made by a legal entity beyond its authority are invalid.

Meanwhile, invalid transactions may be void or voidable depending on whether legal entity’s authority is stipulated in foundation documents or in a law. Pursuant to Article 116 of the Civil Code, a transaction shall be deemed void if it is inconsistent, inter alia, with the legislation requirements of Uzbekistan...

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Restrictions and limitations in commodity derivatives with CBU

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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.