The Antitrust law is known as “anti-monopoly” law in Uzbekistan. The Antitrust/Competition Law provides legal bases of prevention, restriction and suppression of monopolistic activity and unfair competition. Basically the Antitrust/Competition Law is aimed at providing conditions for effective functioning of competitive relations on the commodity and financial markets. The most norms on competition are fixed in the Uzbekistan Law “On competition”. The Law is applied to the actions of business entities, individuals, state administrative bodies and local organs of state power, which lead or may lead to restriction of competition on the commodity and financial markets of the Republic of Uzbekistan, to be made in Uzbekistan and outside the country. The most authorities under the Antitrust/Competition Law are delegated to the State Committee of the Republic of Uzbekistan on Assistance to Privatized Enterprises and Development of Competition. In particular, this body is authorized to give preliminary consent for merger and acquisition as well as to make investigations in case of violation of the Antitrust/Competition Law.
Our services in the sphere of Antitrust/Competition
- handling regulatory matters in antimonopoly authorities of Uzbekistan, including obtaining of preliminary consents of above bodies for merger and acquisition;
- representation corporate clients in front of antimonopoly authorities to help with anything from investigation of violation of the Competition Law to dispute resolution in courts;
- verifying of business contracts in respect to their correspondence to the antimonopoly requirements of the Uzbekistan legislation, including as regard to completion compliance.