The Uzbek Finance Minister announced that the license of Agro Invest Sug’urta (an insurance company) has been revoked following the decision of the Tashkent city Economic Court dated 24 May 2016.
Later the Court of Appeal of Tashkent Economic Court upheld the decision of Tashkent Economic Court.
The Court of Cassation of Supreme Economic Court of Uzbekistan also resolved to uphold the decisions dated 24 May and 28 July 2016.
Pursuant to the decree of the Uzbek Finance Ministry dated 27 September 2016, temporary administration of Agro Invest Sug’urta has been introduced, the Uzbek Ministry said.
