Azerbaijan Allows Fifth and Seventh Freedom Flights
Azerbaijan has announced a significant change to its foreign airline policies. As of 1st January, all airlines based in a list of 40 different countries from North America, Asia and Europe, will automatically receive fifth and seventh freedom rights in Azerbaijan.
Interpretations of The Code of Administrative Offenses by Constitutional Court: Azerbaijan
On 19 December 2019 Azerbaijan’s Constitutional Court (“CC”) adopted a decision on Interpretations of Articles 38.1 and 430.4 of the Code of Administrative Offenses of the Republic of Azerbaijan (“Code”).
Functions and institutional structure of the Ministry of Economy were expanded
By a Decree of the President of the Republic of Azerbaijan dated October 23, 2019 the functions and institutional structure of the Ministry of Economy were expanded. Ministry of Taxes, State Committee on Property Issues, State Service for Antimonopoly and Consumer Rights Protection were included into the structure of the Ministry of Economy in the status of relevant public services.
Milli Majlis adopted a Law “on Procedure for the use of the right of citizens to initiate legislation”
On October 22, 2019, the President of the Republic of Azerbaijan adopted a new law "on Procedure for the use of the right of citizens of the Republic of Azerbaijan to legislative initiative" (Law).
Financial Market Supervision Authority was liquidated
By a Presidential Decree as of 28 November 2019, FIMSA was abolished and its property and powers including its functions and rights in the field of licensing, regulation and supervision of the financial services market, protection of the rights of investors and consumers of financial services have been transferred to CBAR.
President of the Republic of Azerbaijan dissolved Milli Majlis
Milli Majlis of the Republic of Azerbaijan (Parliament) has adopted a resolution addressed to the President of the Republic of Azerbaijan (President) requesting the parliament’s dissolution and holding early parliamentary elections.
Chambers&Partners has recently released its 2020 Asia-Pacific Guide, in which GRATA International has confirmed its status as one of the leading legal experts in Central Asia and Caspian region, with rankings in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
GRATA Azerbaijan will sponsor Topchubashov Arbitration Moot Court 2020
GRATA Azerbaijan has decided to support the sponsorship program of 2020 Topchubashov Arbitration Moot Court.