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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.
BM Morrison Partners LLC
Law No 551-VIQ, dated 22 June 2022, On Investing [Investment Activity], came into effect on 28 July 2022. The Law, On Protection of Foreign Investments, dated 15 January 1992...
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 September 22, 2021, the Cabinet of Ministers of the Republic of Azerbaijan adopted Resolution #276 on approval of the Rules "On deduction of amounts attributable to the creation of special reserve funds for taxation purposes".
GRATA International
All passengers between the ages of 1-18 years must possess a negative result from a PCR test taken within 72 hours prior to their flight.
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 27 November 2019, Law No 1669-VQ, dated 30 September 2019, On Technical Regulation, was promulgated. The Law, which will enter into force in six months
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
In late May 2017 the President of the Republic of Azerbaijan signed the new Law on Secured Transactions with Movable Property. The law was prepared based on the UNCITRAL Model Law on Secured Transactions.
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").
Dentons
On 16 December 2016 the President of the Republic of Azerbaijan signed the law On Non-Cash Settlements (the "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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