The Share Capital Reduction in Business Partnerships of Uzbekistan

Abstract

The article studies the legal basis of business partnerships, their definition and main features. This material analyzes the influence of the organizational and legal form on the institution of the share capital. The author points out that in business partnerships the share capital should not play a major role, and especially when reducing the share capital. The materials indicate that in business partnerships, members bear unlimited liability to creditors, and accordingly, measures to protect the rights and interests of creditors should not be applied in case of share capital decrease. The author carries out a comparative analysis of the share capital system and its reduction on the example of Uzbekistan, Great Britain and Germany. The author proposes to distinguish between the concepts and approaches of the institution of reducing the share capital in relation to corporations with unlimited liability and corporations with limited liability.