PwC Eurasia Legal Newsletter - October 2022

PwC Legal provides a broad range of legal services in Kazakhstan, Azerbaijan, Armenia, Georgia, Mongolia and Uzbekistan, which are complementary to our Assurance, Advisory and Tax practices. Below we outline significant legislative changes for October in these countries.

Kazakhstan

• The Parliament of Kazakhstan accepted for consideration amendments to laws on Digital Assets
• The Rules and deadlines for submission of information and documents on beneficial owners are approved

Azerbaijan

• The Law on state registration and state registry of legal entities amended

Georgia

• Creating a regulatory framework for virtual asset service providers
• Draft Law on Mortgage Covered Bonds
• Responding to Detection of Counterfeit Money in Georgia

Mongolia

• Quota for foreign employees for 2023
• Mandatory ESG Reporting requirements
• New Insolvency Law will be discussed by the Parliament

Armenia

• New Competition legislation enforced
• The Government has clarified and expanded the scope of State Support provided to IT companies

Uzbekistan

• Abolishment of trade restrictions within the Commonwealth of Independent States
• The President signed new  Law on E-signature 
• The Cabinet of Ministers adopted the Resolution on Additional Measures to Promote Innovation and Investment Activities