PwC Eurasia Legal Newsletter - December 2023

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 December in these countries.

Kazakhstan

• The amendments to the Rules for formation of individual identification numbers are approved

Azerbaijan

• The mechanism for debt-equity swaps has been determined for both Limited Liability Companies and Joint-Stock Companies

Georgia

• Law on Tourism
• Law on Conversion into Securities

Mongolia

• The revised Law on Public Procurement became effective from 1 January 2024
• The minimum wage has been increased from 2024

Uzbekistan

• 140 Advanced Industrial Enterprises

Armenia

• The Government approved the initiative on introducing amendments to the medicine related legislation
• Amendments to the Code on Administrative Offenses dated 6 December 1985

Are you interested in any of the topics?

● We would be pleased to discuss with you the legislative changes and how they can impact your business;

● We can analyze and implement possible steps to ensure compliance with the new requirements.