The government of Uzbekistan has approved a regulation for the Insolvency Affairs Agency under the Ministry of Justice. According to the government resolution, the agency becomes the authorized body for regulating insolvency matters involving citizens and organizations. The document sets out the agency’s operating procedure, rights, duties and responsibilities. Its main objectives are to implement state policy in this area, monitor compliance with established procedures, coordinate state bodies, digitalize insolvency processes and reduce excessive bureaucratic requirements.
Key Takeaways: The agency operates under the Ministry of Justice and will oversee bankruptcy procedures for citizens and organizations. The regulation strengthens its powers to organize and supervise the work of court-appointed managers. The agency director simultaneously serves as deputy minister of justice and is appointed or dismissed by the president of Uzbekistan.
The new regulation was adopted as part of a phased effort to improve Uzbekistan’s insolvency framework. The agency was created in May 2026, and the approved document now formalizes its practical working mechanisms. For the government, the issue matters for recording debt situations across the economy, protecting the interests of entrepreneurs and citizens, and reducing unnecessary steps in judicial and administrative procedures. Particular attention is given to moving procedures into electronic format and lowering the bureaucratic burden.
Under the document, the agency will implement state policy, monitor compliance with established procedures and interact with other government bodies. It will also organize the work of court-appointed managers and supervise their activities, as well as record and analyze cases of personal insolvency. The agency will be led by a director who also holds the post of deputy minister of justice. The president will appoint and dismiss the director. It was previously reported that Numon Muhammadiev was appointed director of the agency.
The regulation also clarifies the agency’s scope of authority, including information exchange with state bodies, oversight and reporting procedures. It is expected to help maintain a balance among the interests of debtors, creditors and the state in insolvency proceedings. The document sets out the agency’s responsibility, conditions for cooperation with other structures and mechanisms for supervising court-appointed managers. This should broaden the capacity for unified recording and analysis of insolvency cases.
In the next stage, attention will focus on how the regulation is applied in practice, interagency coordination and the rollout of electronic systems. The government expects to simplify insolvency procedures and improve their effectiveness. Further decisions on the agency’s work, including the register of court-appointed managers, digital platforms and procedures for dealing with debtors, may be announced later.
Source: podrobno.uz