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Azerbaijan
Bureau 28a
Law No. 987-VIQ, On Payment Services and Payment Systems, is passed on 14 July and promulgated on 9 August 2023.
GRATA International
According to the Resolution of the Central Bank of the Republic of Azerbaijan #04/2 dated 4 February 2022, the Rules on "Opening, maintaining and closing bank accounts"...
GRATA International
On June 21, 2021 an amendment was made to the Law on "On Mortgage" ("Amendment Law").
GRATA International
The President of the Republic of Azerbaijan Ilham Aliyev had issued a Decree on approval the Law on Amendments to the Law "On full deposit insurance" that was adopted by Milli Mejlis.
GRATA International
В соответствии с решением Правления Центрального банка от 28 апреля 2020 года лицензии l
GRATA International
There are presently 45 credit unions in Azerbaijan competing for customers. Yet what's their working principle? But first, let's look at why there is so little we know about them.
BM Morrison Partners LLC
On 10 June 2019, the Chamber of the Republic of Azerbaijan for Regulating Financial Markets (FIMSA) passed the Rules for Opening, Maintaining, and Closing Bank Accounts.
Dentons
Counsel Ulvia Zeynalova-Bockin from the Baku office contributed the chapter on Azerbaijan in the recently released first edition of The Virtual Currency Regulation Review.
Dentons
During the past several weeks the Azerbaijani Parliament has adopted a number of laws, introducing amendments to the Law On Banks, the Civil Code, the Civil Procedure Code, the Administrative Procedure Code, the Law On Telecommunications and the Law On Licenses and Permits.
Dentons
On April 7, 2017, the Azerbaijani Parliament passed in the first reading a Draft Law "On Introducing Amendments to the Law "On Banks" (the "Draft Law").
Baker & McKenzie
A number of significant amendments in the regulation of the banking and finance sector of the Republic of Azerbaijan were made in the first half of March 2016.
Dentons
In the wake of the latest devaluation of Azerbaijani currency and falling oil prices, the Azerbaijani Parliament passed in the first reading several laws that are expected to have lasting impact.
Dentons
One consequence of this move was that loans granted by local banks to local customers in foreign currency became more expensive, because the Azerbaijani Manat was weakened by 25 percent.
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