What happens when two Uzbek laws on investment disagree?

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Accepted Answer

The reading most favourable to the investor wins. The statute says so in one sentence. The rule Where this law conflicts with another act or a treaty, the provisions most favourable to investors prevail. Backwards too It reaches investments made before the law came into force — which apply the law only in the part most favourable to the investor. And forwards A later act that worsens conditions does not reach you for ten years. Unpublished An act not officially published has no legal effect — and cannot found a sanction. The Investment Law contains an interpretive rule that is unusual to find in a statute: in the event of any inconsistency between its provisions and other legislation or the treaties of Uzbekistan, the provisions most favourable to investors prevail. A companion article applies the law to investments already made before it came into force, but only in the part that is most favourable to the investor. Read with the ten-year stabilisation guarantee and the publicity rule — an act not officially published for general information produces no legal consequences and cannot be the basis of a sanction — the three together are the law’s answer to an investor’s ordinary worry about legal risk in an unfamiliar system. How far each is relied on in practice is a separate question from what the text provides.

What happens when two Uzbek laws on investment disagree?

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