The Concept Of Control In Uzbek Corporate Law

Аннотация

This article discusses the concept of control and its implications for the distribution of corporate risks. The analysis of the meaning and state of the concept of control in Uzbek law is given. Also, the problems of establishing control in subsidiaries in the constituent documents and subordination agreements are considered. The question was raised: what amount of participation in the company gives the right to control and how control is determined if there is no formal reflection (in the constituent documents or agreements)? The responsibility of the controlling person is recognized as the main goal of the concept, because control determines the actual relationship between the society and the controlling person and explains the responsibility of the decision-maker. KEYWORDS Uzbekistan, Uzbek Law, Concept Of Control, Subsidiary, Joint And Several Liability, Creditor, Piercing Corporate Veil, Limited Liability Company, Investment.