On July 3, 2023, the President of Uzbekistan signed the new law
“On Competition” No. 850 (the “Competition
Law”).
The Competition Law outlines the requirements for implementing
antimonopoly compliance, which constitutes a system of internal
procedures aimed at ensuring adherence to competition laws,
identifying and preventing risks of violations.
Antimonopoly compliance is made mandatory in:
- republican executive bodies and other organizations;
- economic entities holding a dominant position in the commodity
or financial market;
- legal entities with an average annual revenue from the sale of
goods exceeding 100,000 basic calculation value (BCV) over the past
3 years (33 billion soums), and where more than 50% of the
authorized capital belongs to the state;
