The law was passed by Legislative Chamber on 9 November 2012 and approved by Senate on 5 December 2012. It came into force on 4 January 2013.

The law introduced changed to Criminal Code and Criminal Procedural Code of Uzbekistan within liberalization of legislation.

Amendments to the Criminal Code contain the possibility of exemption from criminal responsibility of perpetrators of offenses under articles 180 (False bankruptcy), 181 (concealment of bankruptcy), 189 (violation of sale or provision of services), 191 (illegal collection, disclosure or use of information), if they pleaded guilty, reconciled with the victims and repaid the damage.

In addition, employees of banks and other financial institutions will not be held criminally liable in cases where businesses do not fulfill contractual obligations for services, related to business and other risks, including loans, Norma.uz said.

The document also significantly reduced time of cancellation of conviction under Article 78 of the Criminal Code. In the absence of major damage to the state, after not less than one quarter the term specified in Article 78, the court may remove the convictions record.

Convictions records can be removed for offences under the article 178 (concealment of foreign currency), 179 (False entrepreneurship), 180 (False bankruptcy), 181 (concealment of bankruptcy), 182 (Customs offenses), 183 (violation of antitrust laws), 184 (Failure to pay taxes and other mandatory payments), 185 (Violation of the rules of delivery of precious metals or stones), 185-1 (violation of procurement, purchase, use and sale of non-ferrous metals), 185-2 (Violation of the rules of use of electric and thermal energy , gas and water supply), 189 (violation of rules of trade or services), 190 (employment activities without a license), 191 (Illegal collection, disclosure or use of information) and 192 (Defamation competitor).

Earlier convocations can be overturned after at least half of conviction term passed.

According to the amendments to the Criminal Procedural Code, the criminal cases involving crimes under Articles 167 (theft by embezzlement), 170 (causing damage to property by fraud or breach of trust), 172 (negligent attitude to the protection of property), 173 (intentional destruction or damage to property) of the Criminal Code, committed against a legal person, which does not has state share in its charter capital, can be opened only after appeal of head, owner or authorized body of the legal entity.