The second edition of Uzbek Law Day was successfully held in Berlin on 26th of November 2024, at the Embassy of the Republic of Uzbekistan in Berlin, marking a significant milestone in fostering legal and economic cooperation between Uzbekistan and Germany.

The event served as a distinguished platform for discussions surrounding Uzbekistan’s investment potential, emerging legal reforms, and its growing role as an international business hub.

The event’s core objective was to foster dialogue on the transformative legal developments and emerging business opportunities in Uzbekistan. By uniting experts, government officials, and private sector leaders from Uzbekistan and Germany, the gathering encouraged a robust exchange of ideas, shared expertise, and the cultivation of new partnerships. It highlighted Uzbekistan’s commitment to promoting transparency, legal certainty, and a favorable business climate to attract foreign investment.

Key highlights of the event included:

German Perspectives on Uzbekistan’s Legal Framework:

A central theme of the discussions was how Uzbekistan's legal and institutional framework has developed in recent years from the perspective of German investors. German participants highlighted the notable strides Uzbekistan has made in modernizing its legal infrastructure, enhancing transparency, and creating a more predictable environment for foreign businesses. They also underscored areas where further harmonization with international standards could enhance investment attractiveness.

Showcasing Uzbekistan's Legal Innovations:

Panelists explored Uzbekistan’s evolving legal landscape, highlighting advancements in transparency, investor protections, and digitization of legal services. As well as emphasized the importance of collaborative problem-solving and knowledge sharing to overcome these challenges and sustain growth.

Networking and Partnerships:

The event provided an invaluable platform for participants to establish professional connections, explore collaborative opportunities, and discuss pathways for sustainable investment and legal partnership between the two nations.

This landmark occasion reinforced Uzbekistan’s position as a key player in international investment and trade. It showcased the nation’s strides in enhancing its legal infrastructure to support sustainable economic growth and demonstrated the pivotal role of collaborative efforts between Uzbekistan and Germany in shaping a vibrant, secure, and prosperous investment environment.

Uzbekistan continues to evolve as a hub for international business and investment, events like Uzbek Law Day play a crucial role in promoting transparency, legal security, and robust business practices, as well as raising the awareness of foreign advisors on the recent developments in legal landscape of doing business, increasing the accessibility and attractiveness of entering Uzbek markets. This landmark event set a precedent for future engagements, underscoring the importance of collaborative efforts in shaping a prosperous and legally sound investment environment.

Moving Forward

Uzbek Law Day in Berlin underscores Uzbekistan's commitment to global integration and creating a business-friendly legal environment. The event concluded with a call for continued collaboration to leverage Uzbekistan’s potential as a strategic hub in Central Asia.

Remarks:

Sherzod Abdulkasimov, Managing Director of PraeLegal Uzbekistan, remarked:

"Uzbekistan’s legal reforms are creating an increasingly attractive environment for international investors. Events like Uzbek Law Day are vital for building bridges between Uzbekistan and key global players like Germany."

German legal and business leaders echoed this sentiment, emphasizing the mutual benefits of strengthening bilateral relations in a rapidly evolving global economy.