Uzbekistan's Escrow System Bill Submitted to Senate for Approval

A bill introducing an escrow system for shared construction in Uzbekistan has been sent to the Senate. The legislation mandates that funds invested in shared construction be held in escrow accounts at banks, with contracts requiring notarization and state registration. It also strengthens requirements for developers and outlines mechanisms to protect equity holders if construction deadlines are missed.

Read the full article at Daryo.uz (Toshkent) →

Headline and summary written by daryo. The full report belongs to Daryo.uz (Toshkent).