In Uzbekistan, a draft law on shared construction with escrow accounts is discussed amid developer scandals
Following complaints from buyers about missed housing delivery deadlines and failure to return funds, as well as criminal cases against the management of several developers, the National Committee on Urbanization issued a statement. In the Legislative Chamber of the Oliy Majlis, a draft law on shared construction is being considered, introducing an escrow account mechanism: buyers' funds will be held in special bank accounts and transferred to developers only after conditions are met.
Otabek Yusupov