LEGATE Law Firm is pleased to announce the successful completion of legal support for the largest transaction in the Uzbek stock exchange history on the purchase and sale of a large block of shares of an Uzbek entity (OHANGARONSEMENT JSC), which took place on May 25 this year.
Preparation of the transaction, in which LEGATE Law Firm represented the interests of the Buyer, took more than six months. The volume, terms of the transaction, the requirements of the Seller, the Buyer’s plans for the further development of the plant, the constantly changing legislation of Uzbekistan, demanded from us maximum concentration on this matter.
We would like to thank our client, as well as our Russian partners – Egorov Puginsky Afanasiev & Partners Law Firm (@EPAMLAW), that accompanied the Russian part of this global transaction – for their trust and teamwork.
The issue is regulated by the President Decree No. PP-4030 dated November 26, 2018 "On measures to create conditions for the implementation of activities for the artisanal extraction of precious metals", according to which individuals and entities have the right to carry out activities for the artisanal extraction of precious metals on the basis of a Permit for the right to use subsoil areas.
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