The Law on Competition in Uzbekistan (Amendments and Additions)

According to the Law № LRU-954, the Law “On Competition” № LRU 850, as part of the reforms on advancement in the field of competition development and consumer protection, is being amended, where business entity’s activities belonging to the subject of natural monopoly are going to be considered as entity’s main activity.

In order to liberalize the punishment system, those business entities with low economic impact degree, that committed a violation of competition law for the first time, will not be a subject to financial sanctions (penalties), instead, it will be getting a warning, preventing such an offence for the second time.

Financial sanctions in form of a fine shall be applied judicially, except when the offender admits the guilt and pays it voluntarily. Receiving of warning, as well as paying a fine, does not exempt a person (entity) committing a violation of competition law from the obligation to comply with a decision (instruction) of an authorized state body or perform other actions covered by the competition legislature.

Competition Promotion and Consumer Protection Committee of the Republic of Uzbekistan will have to coordinate projects on competition in commodity and financial markets and provide related government support.

Cases of violations of competition law with a low economic impact degree are determined by the Cabinet of Ministers of the Republic of Uzbekistan.