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Uzbekistan

Entrepreneurs to be paid interest for delayed bail refunds

In Uzbekistan, the return of deposits to entrepreneurs has been simplified. The President signed Decree No. UP-175. Now, government agencies are required to return the deposit immediately after a court decision. If an agency delays the money, it will pay interest for each day of delay. The amount of the payment depends on the base rate of the Central Bank. The money will be withheld from the agency where the deposit was held.

Entrepreneurs to be paid interest for delayed return of collateral

In Uzbekistan, the return of collateral to entrepreneurs has been simplified. The President signed Decree No. UP-175.

Now, government agencies are required to return the collateral immediately after a court decision.

If an agency delays the money, it will pay interest for each day of delay. The amount of the payment depends on the base rate of the Central Bank. The money will be withheld from the agency where the collateral was held.

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