The Law on non-banking credit organizations and microfinance activities has been adopted in Uzbekistan

On April 20, 2021, the President signed the Law of the Republic of Uzbekistan “On non-banking credit organizations and microfinance activities” No.ЗРУ-765 (the “Law No.ЗРУ-765”). The purpose of Law No.ЗРУ-765 is to regulate relations in the field of activities of non-banking credit organizations and microfinance activities.

Parallel imports vs Counterfeits: Mechanisms of preventing Intellectual Property Rights infringement in Azerbaijan

Parallel import, which refers to the import of original trademarked products without the consent of the right holder, is a matter of great concern in the international trade. Parallel import is tightly associated with another global issue of counterfeit. The general notion of counterfeit shall be distinguished from the concept of parallel import. The definition of counterfeit goods is envisaged in the Law of the Republic of Azerbaijan on Trademarks and Geographical Indications dated June 12, 1998, #504-IQ (hereinafter “the Trademark Law”) as goods illegally equipped with trademarks, geographical indications or signs confusingly similar to them. 

CEE Legal Matters Comparative Legal Guide: Oil & Gas 2022 for Moldova

GRATA International Moldova was invited to be the exclusive country contributor to the CEE Legal Matters Comparative Legal Guide: Oil & Gas 2022 for Moldova. 

The CEE Legal Matters Comparative Legal Guide: Oil & Gas 2022 presents the most important legal information related to the Oil & Gas sector, structured in a practical way, which allows both focus on a single jurisdiction and cross-referencing and comparisons between the legal approaches in the various jurisdictions.

Legal alert: New Law on protection of personal data in Mongolia

The Parliament of Mongolia (State Great Khural) passed a new Law on Protection of Personal Data on December 17, 2021. The law will become effective from May 1, 2022. The Law on Personal Secrets which was adopted in 1995 provides very general provisions that individuals were to determine and protect their secrets themselves. Compared to this law, the new law is featured that it provides more comprehensive regulation on the Protection of Personal data.

There have been taken steps to boost private investment and further build confidence in the business community in Uzbekistan

The President of the Republic of Uzbekistan adopted Decree “On regular reforms to create conditions for stable economic growth by improving the business environment and developing the private sector” No.УП-101 dated April 8, 2022 (the – “Decree No.УП-101”). In accordance with еру Decree No.УП-101, in order to speed up privatization processes, increase the attractiveness of the investment climate and create additional amenities for investors who have acquired state assets (state blocks of shares, shares, real estate objects).