DEVELOPMENT TENDENCIES OF CORPORATE LAW AND GOVERNANCE IN UZBEKISTAN
Keywords:
corporate law, corporate governance, legal transplantation, fiduciary duties, conflict of interest, limited liability companyAbstract
This article analyzes the formation and development of corporate law and governance in Uzbekistan from the perspective of legal transplantation theory. The author focuses on the problems associated with the adaptation of foreign legal institutions to the national legal environment during the transition from a Soviet legal system to a private law system based on market relations. The article examines the process of shaping the Civil Code and the Law on Limited and Additional Liability Companies, as well as the historical stages of corporate relations and their practical significance. The author also analyzes the powers of corporate governance bodies, fiduciary duties, conflicts of interest, information disclosure obligations, and liability mechanisms. The conclusion emphasizes the need to adapt foreign models to the national business environment, legal culture, and judicial practice in order to effectively develop corporate governance institutions.Downloads
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