VENTURE CAPITAL INVESTMENTS AND PRIVATE EQUITY: DIFFERENCES IN LEGAL REGULATION AND CONTRACTUAL STRUCTURES
Keywords:
venture investment, direct investment, contract, deals, mechanism, risk, profitAbstract
The article examines the legal features of contractual arrangements for venture financing and private equity investments in the Republic of Uzbekistan. The purpose of the study is to identify the differences between these investment models in terms of risk allocation, the scope of investors’ corporate rights, mechanisms for providing capital, and exit conditions from an investment project. The regulatory framework of the study includes the legislation of the Republic of Uzbekistan on investments and investment activities, business entities, investment funds, and the securities market, as well as the applicable provisions of civil law. The study employs formal legal, systemic, and comparative legal methods. The comparison is conducted on the basis of uniform criteria, including the legal form of investment, the method of capital provision, risk allocation, corporate control, and the termination of investment participation. The article substantiates the need to select appropriate contractual structures with due regard to the stage of the company’s development, the legal form of the transaction, and the mandatory requirements of applicable legislation.
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