News Search
Dispute resolution support in CIS and Eastern Europe
The continuing development and close economic links between countries of the Eurasian Economic Union (Russian Federation, Republic of Kazakhstan, Republic of Belarus, Kyrgyz Republic, Republic of Armenia), and close historic ties between CIS countries encourage constant cooperation between the countries, increase the volume of mutual trade and number of business projects between the companies from these countries.
Gumru Eyvazova and Sabina Gasimova attended the U.S. Independence Day Cocktail Reception in Azerbaijan
AmCham Azerbaijan held the U.S. Independence Day Cocktail Reception on 8th July 2019 with its members.
Minimum monthly salary
According to Presidential Order dated 8 February 2019, starting from March 1st, 2019, minimum monthly salary in the Republic of Azerbaijan has been increased to AZN 180.
Resolution of the issues on problem loans of individuals
On February 28, 2019, President of the Republic of Azerbaijan issued a decree on additional measures in connection with the resolution of the issues on problem loans of individuals in the country. The Decree aims at compensating financial losses of individuals on debts in foreign currencies incurred as a result of AZN’s devaluation as well as providing state support to resolve problem loans.
Amendments to Law on Deposits’ Full Insurance
According to the Amendments made to Law on Deposits’ Full Insurance dated 19 February 2019, the term of full insurance has been extended for one more year (i.e. up to March 1st, 2020).
Amendments to the Law “On State Registration and State Registry of Legal Entities”
The amendments (effective as of 08 February 2019) are about the possibility to register the changes in the foundation and registration documents of an LLC via submission of an electronic application to the webpage of Ministry of Taxes.
Criteria for determination of oil and gas activities and non-public sector
By Resolution #56 dated 18 February 2019, the Cabinet of Ministers approved criteria for determination of oil and gas activities and non-public sector for the purposes of article 101.1-4 of the Tax Code and 14.7 of Social Insurance Law.
AHK Azerbaijan and GRATA Azerbaijan joint workshop on the role of trademarks in business
On 13 March 2019, AHK Azerbaijan hosted a joint workshop with Grata International law firm’s Baku office (GRATA Azerbaijan) for AHK members. The meeting was opened with a welcoming speech of Mr. Tobias Baumann, Executive Director of AHK Azerbaijan and Ms. Ummi Jalilova, Partner of GRATA International and Director for Azerbaijan.
GRATA International in Chambers Global 2019
For yet another consecutive year, GRATA International enters the leading legal rankings and continues to be among the most outstanding law firms in Central Asia and the Caspian region.