Other Insights

13.04.2024

Leges Advokat advises Magnum Cash&Carry in its acquisition of the Carrefour

We are delighted to sucessfully advise Magnum Cash&Carry, the largest retailer in Kazakhstan, on its acquisition of Carrefour, the French supermarket chain, in Uzbekistan. This deal marks a significant milestone for Magnum, as they expand their presence and market share in Uzbekistan.

27.05.2023

Leges Advokat team consults lenders on one billion investments projects in Uzbekistan GTL

We were delighted to provide our legal services to primary lenders of Uzbekistan GTL regarding the investments of Air Products in the amount of 1 billion in developing an industrial complex for processing industrial gases as part of the Uzbekistan GTL plant in the Kashkadarya region.

03.04.2023

Leges Advokat assists in acquisition of Uzbek pharma company

“Leges Advokat” team is honored to have contributed to the recent financing project of the European Bank for Reconstruction and Development (EBRD). The project involved the acquisition of Uzbek pharma company Reka-Med Farm by Ukranian YURiA-PHARM LLC, which was made possible with financial assistance from EBRD.

17.11.2022

Leges Advokat provides expert opinion in a multimillion arbitration case

Partner of Leges Advokat - Azamat Fayzullaev - has successfully participated as a party-appointed expert on the myriad intricate issues of Uzbek law in a multi-million international commercial arbitration dispute administered under the Arbitration Institute of the Stockholm Chamber of Commerce Rules in the oil & gas sector.

27.12.2021

Leges Advokat advised the lenders group of companies in GTL project

Leges Advokat team is honored to have contributed to a successful launch of the "Uzbekistan GTL" project, where we provided legal support in all milestones of the project implementation and its financing by foreign banks, foreign insurance companies, and export agencies.

19.07.2024

Leges Advokat assists in conversion of payment organizations from LLC to JSC

The Presidential Decree of November 30, 2023. No. PP-381 [https://lex.uz/ru/docs/6681115] set a requirement for payment system operators and payment organizations to conduct activities exclusively in joint-stock form. Because of this Decree, the number of joint-stock companies in Uzbekistan has increased by 50 units since the beginning of this year.

Recently we have contributed to the conversion from a limited liability company to a joint stock company of three major companies in Uzbekistan: UzCard, ATTO, and Plum Technologies.

1. UZCARD - the «Common Republican Processing Centre» JSC (trademark UZCARD), is the first and leading payment system in Uzbekistan. The company provides acquiring services, and electronic payment processing, and serves as a provider, bringing together banks, payment organizations, and other market participants.
2. JSC "AVTOMATLASHTIRILGAN TRANSPORT TO'LOV TIZIMI OPERATORI" is the copyright holder of the ATTO trademark and the single operator of the automated fare payment system in the Republic of Uzbekistan. JSC "AVTOMATLASHTIRILGAN TRANSPORT TO'LOV TIZIMI OPERATORI" was created in pursuant to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan dated November 25, 2019 No. 948 “On the implementation of an automated system for paying for the transportation of passengers by public transport”, with the participation of the Research and Production Center of the State Unitary Enterprise “Uzavtotranstekhnika” under the Ministry of Transport and the “Unified Republican Processing Center”.
3. JSC "PLUM TECHNOLOGIES" is an innovative Fintech company founded on March 14, 2017. Provides services in the field of e-commerce and online payments. The goal of "PLUM TECHNOLOGIES" JSC is the creation and implementation of technologies that can help financial services and companies manage the financial aspects of their business.

This conversion, arising as a requirement from Presidential Decree No. PP-381 aims at long-term success in the dynamic financial landscape. Our law firm is proud to have played a key role in guiding this transformative process, providing expert legal counsel and support throughout the entire conversion. From drafting and reviewing corporate documentation to facilitating the issuance of stocks, our team worked diligently to ensure a smooth and successful transition for three fintech companies.

As the three companies embark on this exciting new chapter as a joint stock company, we look forward to continuing our partnership and supporting them in achieving their strategic objectives.