– verification of compliance of constituent documents with the legislation and shaping the Statutory capital of the company, and verification of licenses;
– verification of the company management scheme;
– assessment of legality of the appointment and scope of authority of the governing bodies;
– verification of the legal “purity” of the rights to the property of the acquired company;
– verification of registration of property rights to real estate and identification of existing encumbrances;
– due diligence of ownership stakes in other companies;
– assessment of the risks of challenging property rights;
– verification of various risks challenging the concluded transactions (major transactions and related party transactions [with interest], etc.);
– verification of intellectual property objects (patents, trademarks, etc.) which belong to the company and the risks of challenging them or deregistration;
– analysis of the risks arising in the event of applying anti-monopoly laws to the acquired company and the transaction itself for its acquisition. Evaluation of the prospects of approval of the transaction by the anti-monopoly authorities.
– general assessment of the effectiveness of the contractual work system and contracts with major partners for their legal “purity” and identification of legal risks;
– analysis of the status and prospects of the major current and possible future litigations.
The amendments to Uzbekistan's legislation, which introduced the concept of "Abuse of Law" into the Tax Code, are currently causing many questions and ambiguous interpretations. In accordance with Article 14 of the Tax Code of Uzbekistan: if a taxpayer performs operations or a series of operations, the sole or primary purpose of which is to obtain an unjustified tax benefit in the form of non-payment or reduction of taxes owed, such actions are considered an abuse of rights for the purposes of this Code.
"Never say that you know a person if you have not divided an inheritance with them" (Johann Kaspar Lavater, Swiss writer, poet, and philosopher). Time has accelerated its pace: years pass by like days, and days fly by so quickly that you hardly notice them. Everything around us is changing rapidly, but the human desire to live in happiness and prosperity has remained unchanged throughout the centuries. Confidence in the future, the belief that what has been earned and accumulated will “serve” children, and possibly grandchildren, is also an understandable human desire. What opportunities does the law provide for the realization of all of the above? Naturally, we are talking about inheritance law. In Uzbekistan, expressing one's will by leaving orders regarding one's property in case of death is not as popular as, for example, in European countries. Perhaps, the reason lies in the traditional patriarchal way of life, habitual for the people, where the word of a man - the head of the family - has supreme power and does not require legal formalization.
