Uzbekistan changed their secured transactions law by introducing a legal reform into their civil code through a decree in 2018.  A law was later enacted in 2019 to solidify this amendment, among others. This reform was based upon the UNCITRAL model law, and was developed with support from the International Finance Corporation. They also established a collateral registry, that is ran by the Central Bank of Uzbekistan. This is critical for improving access for farmers and smaller businesses

Click here for the online register

Click here for the Original Version of the 2018 Presidential Decree (PDF)

Click here for an English Translation of the 2018 Presidential Decree (PDF)

Click here for the Original Version of the 2019 Law that Amended the Civil Code (PDF)

Click Here for an Updated Translation in English of Uzbekistan Civil Code (Paid Access Only)

Further Reading Regarding Register:

• https://www.ifc.org/wps/wcm/connect/news_ext_content/ifc_external_corporate_site/news+and+events/news/collateral+registry+makes+uzbekistan+loans+more+accessible
• https://cbu.uz/en/about/central-office/subordinate/gup-zalogovyy-reestr-pri-tsentralnom-banke-respubliki-uzbekistan/

Further Reading Regarding Law:

• https://www.uzdaily.uz/en/post/40793

Last Checked August 2020

If you have any questions or would like to suggest an update please email magda.raczynska@ucl.ac.uk