Merger Control in Uzbekistan

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1. Please provide an overview of the merger control regime in Uzbekistan.
2. Is merger notification in Uzbekistan mandatory or voluntary?
3. Is there a suspensory obligation prohibiting completion or closing prior to clearance by the competent authority? If so, are any derogations, waivers, or carve-outs available?
4. Which types of transactions are subject to notification or review, and how is “control” defined for these purposes?
5. In what circumstances may the acquisition of a minority shareholding trigger a notification requirement or otherwise be subject to review?
6. What are the applicable jurisdictional thresholds (including turnover, assets, market share and/or local nexus thresholds)? Do any sector-specific thresholds apply?
7. How are turnover, asset values and/or market shares calculated or assessed for the purposes of determining jurisdiction?
8. Is a specific exchange rate or methodology prescribed for converting turnover thresholds or asset values denominated in foreign currency?
9. In what circumstances are joint ventures subject to notification or review, including both newly established joint ventures and transactions involving the acquisition of joint control over an existing business?
10. Are there circumstances in which separate steps or stages of a single overall transaction may each require separate notification or review?
11. How do the jurisdictional thresholds apply to foreign-to-foreign transactions and to transactions involving a target or joint venture with limited or no local nexus?
12. In a voluntary notification regime, are there any non-competition factors that may influence whether parties choose to notify a transaction?
13. What substantive test does the competent authority apply when assessing whether to clear a transaction, either unconditionally or subject to remedies?
14. Are factors other than competition considerations taken into account in the substantive assessment?
15. Does a merger clearance decision also extend to ancillary restraints directly related to and necessary for the implementation of the transaction?
16. In a mandatory notification regime, is there a statutory deadline by which the transaction must be notified?
17. At what earliest stage of the transaction may a filing be submitted to the competent authority?
18. Is it customary to engage in pre-notification consultations with the authority and, if so, what is the typical duration of such consultations?
19. What is the standard review timetable applicable to merger notifications?
20. In what circumstances may the review period be extended, suspended, restarted, or otherwise interrupted?
21. Are there any circumstances in which the review timetable may be expedited or shortened?
22. Which party or parties bear responsibility for submitting the merger notification?
23. What information must be included in the notification filing?
24. What supporting documents, if any, are required to accompany the notification?
25. Is a filing fee payable, and if so, in what amount?
26. Is the submission of a merger notification made public by way of announcement or publication?
27. Does the authority seek, solicit, or consider observations from third parties during its review?
28. What information relating to the notification or review process may be published by the authority or disclosed to third parties?
29. Does the competent authority cooperate with competition authorities in other jurisdictions in the course of merger review?
30. What types of remedies are generally acceptable to the authority in order to address competition concerns?
31. What procedural framework applies where remedies are required as a condition to clearance?
32. What sanctions apply for failure to notify, delayed notification, or implementation of a transaction in breach of any standstill obligation?
33. What sanctions apply for the submission of incomplete, inaccurate, or misleading information in a notification or in response to requests from the authority?
34. May decisions of the competent authority be appealed before a court or other review body?