Important Aspects Of Project Finance In Uzbekistan

This legal highlight covers some important aspects of project finance in Uzbekistan, outlining its main features. Uzbek law does not prohibit or limit receipt of foreign funds from abroad, but remains to be underdeveloped in many transactional aspects. This is even more so in case of project finance deals, where more sophisticated financial mechanisms and collaterals are used.

Several main features of project finance in Uzbekistan may be distinguished. The first feature is participation of multiple foreign lenders, including regional development banks, large investment banks and regular commercial banks of a particular foreign state. This requires elaborating more flexible and thought-through structures of financing for rapid reallocation of rights and responsibilities. The second feature is active...