The legal institute of the limited partnership: Is itnew for the legislation of the republic of Uzbekistan?

AbstractThis research paper carefully analyzes the necessity of introducing a new legal institute as a limited partnership into the legislation of the Republic of Uzbekistan. The aim of this research is to determine whether the limited partnership is a new legal institute for the national legislation, and it should be introduced to solve the current problems related to the investment activity or there are analogues of the limited partnership in the national legislation, and it is sufficient to reform the existing forms of the partnership to meet all the requirements to develop the investment potential of the Republic of Uzbekistan. The research methods are the retrospective method, the analysis and synthesis and the comparative analysis. The research results show that our national legislation consists of the analogues of the limited partnership, reforming of which may be considered sufficient to eliminate the deficiencies related to the investment activities. As a research conclusion it is suggested reforming the kommandit partnership and introducing changes into the Law on business partnerships instead of introducing a new legal institute into the legislation of the Republic of Uzbekistan.

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