Today, a presentation and public discussion of a commentary on the Law of the Republic of Uzbekistan “On Insolvency” took place in Tashkent. The Rector of the Academy of Justice of the Republic of Uzbekistan also attended the event.

The event focused on discussing the content, academic value, and practical significance of the 820-page commentary, prepared in cooperation with the Supreme Court, the Asian Development Bank, and the Konrad Adenauer Foundation.

The publication covers all 17 chapters of the Law and provides a detailed explanation of the substance and legal purpose of each article, its relationship with other regulatory legal acts, and its application in judicial practice.

Discussions addressed the consideration of insolvency cases by courts, improving the effectiveness of judicial oversight, the financial rehabilitation of enterprises, the restoration of solvency, and prospects for improving legislation in this area.

It was also noted that the commentary draws not only on national legislation and judicial practice, but also on international experience and relevant documents issued by international organizations.

This publication will serve as an important practical resource for ensuring the correct and consistent application of legal provisions, strengthening legal certainty, improving the quality and consistency of judicial decisions, and further developing the insolvency framework.