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.
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.
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
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.
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.
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.
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.