LIABILITY OF LEGAL ENTITIES UNDER THE LEGISLATION OF THE REPUBLIC OF UZBEKISTAN

Abstract

The article substantiates the compliance of the liability of legal entities in the Republic of Uzbekistan with international standards, in particular the requirements of part 2, article 26, of the UN Convention against Corruption. In particular, Article 48 of the Civil Code of the Republic of Uzbekistan provides for “Responsibility of legal entities” and the mechanisms for its implementation are fully enshrined in the norms of laws. Also, the liability of legal entities was previously considered in the Economic Courts, and now in the Economic Courts. At the same time, the requirements of the Organization for Economic Development and Cooperation (OECD) under the UN that the Republic of Uzbekistan does not establish criminal liability of legal entities are based on a misinterpretation of part 2 of Article 26 of the Convention. Part 2 of Article 26 of the Convention states that - “The liability of legal persons must be criminal, civil or administrative, subject to the legal principles of the State Party”, according to which civil liability complies with the requirements of the Convention. Also, according to the recommendations of the OECD organization, the negative consequences of the introduction of criminal liability of legal entities in the Criminal Code, the consequences of the contradiction of the state policy of support and development of entrepreneurship in Uzbekistan are theoretically and practically analyzed.