21 Feb 2020

Aleinikov&Partners advises Uzbekistan Venture Capital Association on legal aspects of venture capital ecosystem development in Uzbekistan

Aleinikov & Partners and Uzbekistan Venture Capital Association (UZVCA) signed a cooperation agreement, the main directions of which will particularly beadvising the UZVCA in respect of creation of venture funds, assistance in forming a regulatory environment for development of venture capital financing.

"It should be noted that Uzbekistan is actively striving to become a regional leader in the sphere of high technologies, and the visit of President Shavkat Mirziyoyev to the Hi-Tech Park last year also shows this. Our company is ready to provide all the necessary assistance to ensure that Uzbekistan lays a solid legal foundation for development of digital economy, the necessary part of which is reation of favorable legal environment for venture capital financing," Dmitry Matveyev, partner at Aleinikov and Partners, commented on signing the agreement.


Meanwhile, Aleinikov & Partners signed a cooperation agreement with another ecosystem player - the IT Park of Uzbekistan. According to the agreement, Aleinikov & Partners will provide advisory support to the IT Park for improving the legal, organizational and economic foundations of the IT Park, and will participate in development of draft regulatory legal acts of Uzbekistan in IT sphere, taking into account successful experience of the Belarusian Hi-Tech Park.