Share Acquisitions

Acquisition of participatory interests in Uzbek LLCs (OOOs) and shares in JSCs — SPA drafting, pre-emption right compliance, EFI status maintenance, state registration, and regulatory approvals. Bond Stone advises on structuring share acquisitions to maintain EFI status for the acquirer where minimum thresholds apply.

Asset Acquisitions

Acquisition of business assets, real property, equipment, and licences in Uzbekistan — asset purchase agreement drafting, title verification, licence transfer approvals, and regulatory compliance. Asset deals are particularly relevant for acquisitions from privatised SOEs where specific assets are being sold.

Privatisation Programme

29 SOEs being privatised in 2025–2026, IPOs and SPOs of 12 large state enterprises on the Tashkent Stock Exchange. Bond Stone advises foreign investors on eligibility, tender participation, due diligence on privatisation targets, post-privatisation investment obligations, and BIT protection.

Competition Law & Merger Filings

Mandatory pre-transaction notification to the Antimonopoly Committee of Uzbekistan where deal thresholds are met. Bond Stone advises on Uzbek merger control notification requirements — distinct from the Kazakhstani APDC framework — and manages filings through clearance.

Chinese Investment Structuring

China accounts for 25.6% of Uzbekistan’s FDI — the largest single source. Bond Stone advises Chinese investors on acquiring Uzbek targets — ODI filing coordination (MOFCOM/NDRC), structuring for Chinese outbound investment requirements, EFI status, and coordination with Chinese law firms.

Legal Due Diligence

Pre-acquisition legal due diligence on Uzbek targets — corporate title, SEZ resident status, regulatory licences, privatisation history, material contracts, litigation, and employment. English-language reports for international acquirers. Bond Stone also prepares vendor due diligence reports for Uzbek sellers in competitive processes.

Manufacturing JV Acquisition — Chinese Investor

M&A · Uzbekistan · Manufacturing · China

Full M&A mandate for a Chinese investor acquiring a majority interest in an Uzbek manufacturing company — legal due diligence, EFI status analysis, SPA negotiation, ODI filing coordination, and state registration.

SOE Privatisation — Manufacturing

M&A · Uzbekistan · Privatisation

Advising a foreign investor on acquisition of an Uzbek SOE through the privatisation programme — due diligence, post-privatisation obligations, SPA negotiation, and BIT protection structuring.

Antimonopoly Filing — UAE Buyer

Competition · Uzbekistan · UAE

Antimonopoly Committee pre-transaction notification for a UAE acquirer of a majority stake in an Uzbek company — threshold analysis, notification package, and clearance management.

Real Estate Acquisition — Commercial Property

M&A · Uzbekistan · Real Estate

Acquisition of commercial real estate in Tashkent — title review, encumbrance search, purchase agreement, notarisation and state registration of ownership transfer.

Pharmaceutical Company Acquisition

M&A · Uzbekistan · Pharmaceuticals

Full M&A mandate for acquisition of an Uzbek pharmaceutical company — legal due diligence, regulatory licence review, SPA drafting, and post-closing state registration.

Chinese ODI — Uzbek Energy Asset

M&A · Uzbekistan · Energy · China

Advising a Chinese energy company on acquisition of an Uzbek energy asset — ODI filing coordination with MOFCOM/NDRC, EFI structuring, SPA negotiation, and Antimonopoly Committee notification.

SEZ Resident Acquisition

M&A · Uzbekistan · SEZ

Acquisition of a foreign-invested Uzbek LLC with SEZ resident status — due diligence on SEZ operating conditions, SPA provisions preserving SEZ status, and post-closing SEZ compliance advisory.

Turkish Investor — Market Entry M&A

M&A · Uzbekistan · Turkey

Advising a Turkish investor on acquiring an existing Uzbek distributor as a market entry strategy — share acquisition, EFI status maintenance, SPA negotiation, and competition law analysis.

Vendor DD — Competitive Sale Process

M&A · Uzbekistan · Corporate

Vendor due diligence report for an Uzbek seller in a competitive sale process — corporate title, asset ownership, regulatory compliance, and litigation review. English-language report disclosed to shortlisted buyers.