Article 26. Decisions adopted or transactions concluded in the presence of a conflict of interests

On conflict of interests (LRU-931-son) · Date: 05.06.2024 · In force

Decisions adopted or transactions concluded in the presence of a conflict of interests shall be recognized by a court as void.

If a decision adopted or a transaction concluded in the presence of a conflict of interests is recognized void, the profit obtained as a result of adopting such decision or concluding such transaction shall, by court procedure, be transferred to state revenue without requiring the return of everything received under the transaction. In this case, expenses related to the performance of such void transaction shall be reimbursed at the expense of the person who allowed the conflict of interests.

Losses caused to individuals or legal entities, including state bodies or other organizations, as a result of a decision or transaction being recognized void due to a conflict of interests may be recovered, in recourse (regress) order, from the culpable employees of the state body or other organization.

Open in the readerWith colour highlights, notes, search and a test on the selected text.

All articles of the lawThis article in other languages:ru uz

Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/6968729

The text is taken from lex.uz automatically and matches it in content: it is the same text, not a separate edition. It is given for educational and reference purposes and the content of the norms is not changed. It is not an official publication: for court, contracts and official answers check the current edition on lex.uz. About

About the site: NEOLEX (veoskill) is an educational project about the law of the Republic of Uzbekistan. It does not replace lex.uz; to the same texts it adds a separate address for every article, plain-word explanations, a glossary, tests and reading in three languages. Contact: Telegram @neovixar.

Cite as: Article 26. Decisions adopted or transactions concluded in the presence of a conflict of interests On conflict of interests (LRU-931-son). neolex.uz/en/laws/law-6952745/26 (lex.uz/docs/6968729)