This article examines the principle of freedom of contract and its limitations in insolvency proceedings from a comparative legal perspective. The study compares the Civil Code of Uzbekistan and the Law on Insolvency with norms of the USA, Germany, Russia and the UNCITRAL Model Law. The analysis demonstrates that freedom of contract is not absolutely restricted in insolvency; rather, it is balanced through a system of regulatory mechanisms designed to protect creditors and ensure equitable asset distribution. Significant deviations from international standards were identified in insolvency law regarding burden of proof, protection of bona fide counterparties, and intra-group transactions in Uzbekistan. Consequently, the article concludes with concrete normative recommendations aimed at strengthening the effectiveness of insolvency framework of Uzbekistan. Moreover, the findings suggest that targeted legislative amendments could substantially improve creditor protection and align the national system with internationally recognised best practices. As a result, the study contributes to the broader scholarly discussion on balancing contractual freedom with the imperatives of collective creditor satisfaction in insolvency law.
| Mualliflar | Abdullaev, Sanjar, Абдуллаев, Санжар, Abdullayev, Sanjar |
|---|---|
| Jurnal | Жамият ва инновациялар / Общество и инновации / Society and innovations |
| Nashriyot | In Science МЧЖ |
| ISSN | 2181-1415 |
| Nashr sanasi | 2026-03-25 |
| Jild | 7 |
| Son | 3/S |
| Betlar | 202-210 |
| Til | Ingliz |
| Ilmiy soha | Yuridik |
| DOI | 10.47689/2181-1415-vol7-iss3/s-pp202-210 |
| Indeksga qo‘shilgan | 2026-08-26 |
DOI: 10.47689/2181-1415-vol7-iss3/s-pp202-210 · Maqolaning asl sahifasi
свобода договора, несостоятельность, арбитражный управляющий, Freedom of contract, insolvency, insolvency administrator, Bitim erkinligi, toʻlovga qobiliyatsizlik, sud boshqaruvchisi
| APA | Abdullaev, Sanjar, Абдуллаев, Санжар, & Abdullayev, Sanjar (2026). The principle of freedom of contract and its limitation in case of insolvency: a comparative analysis of Uzbek and foreign law. Жамият ва инновациялар / Общество и инновации / Society and innovations, 7(3/S), 202-210. https://doi.org/10.47689/2181-1415-vol7-iss3/s-pp202-210 |
|---|---|
| GOST (OAK) | Abdullaev, Sanjar, Абдуллаев, Санжар, Abdullayev, Sanjar The principle of freedom of contract and its limitation in case of insolvency: a comparative analysis of Uzbek and foreign law // Жамият ва инновациялар / Общество и инновации / Society and innovations. – 2026. – T. 7, № 3/S. – P. 202-210. – DOI: 10.47689/2181-1415-vol7-iss3/s-pp202-210. |
| MLA | Abdullaev, Sanjar, Абдуллаев, Санжар, and Abdullayev, Sanjar. “The principle of freedom of contract and its limitation in case of insolvency: a comparative analysis of Uzbek and foreign law.” Жамият ва инновациялар / Общество и инновации / Society and innovations, 7(3/S), 202-210, 2026. https://doi.org/10.47689/2181-1415-vol7-iss3/s-pp202-210 |
| Chicago | Abdullaev, Sanjar, Абдуллаев, Санжар, and Abdullayev, Sanjar. “The principle of freedom of contract and its limitation in case of insolvency: a comparative analysis of Uzbek and foreign law.” Жамият ва инновациялар / Общество и инновации / Society and innovations, 7(3/S), 202-210 (2026). https://doi.org/10.47689/2181-1415-vol7-iss3/s-pp202-210 |
| Harvard | Abdullaev, Sanjar, Абдуллаев, Санжар, and Abdullayev, Sanjar (2026) ‘The principle of freedom of contract and its limitation in case of insolvency: a comparative analysis of Uzbek and foreign law’, Жамият ва инновациялар / Общество и инновации / Society and innovations, 7(3/S), 202-210. https://doi.org/10.47689/2181-1415-vol7-iss3/s-pp202-210 |
| BibTeX | @article{abdullaevsanjar2026,
title = {The principle of freedom of contract and its limitation in case of insolvency: a comparative analysis of Uzbek and foreign law},
author = {Abdullaev, Sanjar and Абдуллаев, Санжар and Abdullayev, Sanjar},
journal = {Жамият ва инновациялар / Общество и инновации / Society and innovations},
year = {2026},
volume = {7},
number = {3/S},
pages = {202-210},
doi = {10.47689/2181-1415-vol7-iss3/s-pp202-210},
url = {https://doi.org/10.47689/2181-1415-vol7-iss3/s-pp202-210}
} |
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