THE EXTRACTS FROM THE STATE REGISTRY OF REAL ESTATE WILL BE AVAILABLE ONLINE
On April 16, the State Property Committee held a public presentation on "A new stage in real estate registration: transition to electronic extracts and its features".
Read MoreTHE FIRST LAW OF AZERBAIJAN REPUBLIC ON MEDIATION
The new page in the dispute resolution history of Azerbaijan is now opened – finally, the law “On Mediation” is passed and in this way the mediation, as a form of alternative dispute resolution is now available to legal and individuals.
Read MoreTHE STATUS OF THE CASPIAN SEA IS FINALLY DEFINED
Since the Soviet Union ended to exist, the 5 coastal States (Azerbaijan, Iran, Kazakhstan, the Russian Federation, and Turkmenistan) could not come to the unanimous decision on the legal status and the division of the Caspian Sea and its resources.
Read MoreONLINE COMPANY REGISTRATION FOR LEGAL ENTITIES IS NOW EASIER
Now more favorable conditions for online registration of legal entities are available. Thus, starting from the beginning of the current year it is possible to complete state registration (including VAT registration and bank account opening) in one procedure. The necessity to sign e-application and other procedures previously applied to the
Read MoreAZERBAIJAN MOVED TO 25 IN DB 2019 RATING
According to the report, which the World Bank Group publishes annually on the “ease of doing business” based on 10 indicators of life of business in 190 countries, in 2019 in the Republic of Azerbaijan the ease of starting business increased and the country moved for more than 30 positions, from 57 to 25 in the rating compared to 2018.
Read MoreCABINET OF MINISTERS APPROVED “THE CONTENTS OF THE DEBTOR’S RECOVERY PLAN”
The new changes are reflected in “The Contents of the Debtor’s Recovery Plan” approved, based on the amendments in the law of Azerbaijan Republic “On Insolvency and Bankruptcy”, by the Cabinet of Ministers.
Read MoreTHE FIRST FREE ECONOMIC ZONE IS CREATED IN AZERBAIJAN
The Milli Mejlis (the Parliament of Azerbaijan Republic), approved the law on “Alat Free Economic Zone".
Read MoreTHE INSTITUTE OF REPRESENTATION IS LIQUIDATED IN AZERBAIJAN
President Ilham Aliyev approved amendments to the Law on Advocates and Advocacy, Civil Procedural and Administrative Procedural Codes.
Read MoreFIXED TERM EMPLOYMENT CONTRACTS ARE NO MORE “FRAMED”
The Parliament of the Republic of Azerbaijan passed a law approving amendments to the Labor Code of the Republic of Azerbaijan. Pursuant to the amendments, the fixed-term employment contracts, that previously could not exceed 5 years’ period, now depend on the agreement between parties.
Read MoreRULES OF BORROWING OF STATE-OWNED LEGAL ENTITIES HAVE BEEN APPROVED
President Ilham Aliyev signed a decree on approval of "Internal and external borrowing rules of state-owned entities". These rules regulate the relationship between the internal and external borrowing and the maximum borrowing rate of the legal entities owned by the state.
Read More