exporters

Bill to Cut Exporters' Fines for Failure to Repatriate Assets by 50% Sent to the Senate

The Legislative Chamber of Uzbekistan's Oliy Majlis passed, in second and third readings, amendments to the law “On Currency Regulation” allowing courts to reduce fines for non-repatriation of assets under foreign trade transactions by 50% in the presence of mitigating circumstances. The bill awaits approval by the Senate and the president's signature.