Nobel Brothers' history in Azerbaijan
The first foreign company in Baku was founded by the Nobel brothers - Alfred, Ludvig and Robert. Few people know about the deep connection of the Nobel Prizes with Baku’s oil. 12 percent of the prize was said to be from Alfred's shares in the Nobel Brothers' Petroleum Company in Baku.
Labor relations in the context of quarantine due to coronavirus (COVID-19)
Limitations set in order to prevent spread of coronavirus infection affect all business processes, including employer-employees labour relations. In accordance with the resolution of the Republican Commission all entities in Tashkent, regardless the form of ownership, must ensure that the staff members shall either take annual leave in a manner provided by Uzbek law or work remotely.
Additional restrictions on export of food products which were adopted in connection with the distribution of COVID-19
On 31 March 2020, the Eurasian Economic College adopted an additional decision aimed at establishing a temporary export ban of food products from the countries of the Eurasian Economic Union
Support of export and import during the period of combating the spread of coronavirus infection (COVID-19)
The Decree of the President of the Republic of Uzbekistan ‘On priority measures to mitigate the negative impact on sectors of the economy by the coronavirus pandemic and global crises’ No. UP-5969 dated March 19, 2020, envisages a number of measures to mitigate possible negative consequences for business entities and citizens of the Republic of Uzbekistan.
VAT refund procedure legal update
Regulation for refund of value added tax (“VAT”) paid by individuals, who are consumers, for goods (except for oil and gas products) purchased from persons engaged in retail trade or public catering in the territory of the Republic of Azerbaijan (“Regulation”) has been adopted by the Decree of the President of the Republic of Azerbaijan dated March 21, 2020.
COVID-19. About restriction of activity of state courts and alternative dispute resolution methods.
Meanwhile, on March 18, 2020, due to the threat of spread of infection, the Presidium of the Supreme court of the Russian Federation issued a decree restricting the consideration of cases and the acceptance of documents by the courts. Restrictions are imposed for the period from 19.03.2020 to 10.04.2020. It is obvious that if the coronavirus infection continuesto spread, the restrictions will be extended.