Legal Aspect was involved in solving complex legal issues related to the introduction of advanced technologies and projects in Uzbekistan, in particular:
- The specialists of our firm introduced and implemented a scheme of legal interaction between the subjects of the first private payment system in Uzbekistan, providing Internet acquiring services.
At the time of the formation of this startup, there was no legislation in Uzbekistan regulating the activities of private payment organizations and Internet acquiring outside banking infrastructure.
In this regard, a scheme of direct acquiring contracts between the bank and the merchant was introduced, and the software, including all technical support and payment processing, was provided to banks on the basis of a license agreement, while end users received the service by accepting the issuer bank’s end user terms of service.
As a result, including because of properly organized system of legal relationships between entities, the payment system was able to become one of the leaders in the market of payment systems in Uzbekistan.
- In addition, our specialists advised one of the well-known social networks on personal data protection and judicial practice in Uzbekistan.
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Our lawyers also provided legal support to the largest foreign telecommunications company in Uzbekistan.