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.
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.
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.
On February 9th, Baku State University organized 2019 Jessup Azerbaijan, qualifying round of Philipp C. Jessup International Law Moot Court Competition
On 29 November 2018, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) organised the meeting of the Human Resources and Vocational Education & Training (HR and VET) Working Group at the AHK Azerbaijan office.
Chambers&Partners Asia-Pacific 2019 released
GRATA International has cemented its position as one of the leading firms in Central Asia and Caspian region, following the release of major international legal rating Chambers&Partners Asia-Pacific 2019. GRATA International has secured a ranking in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
On 31 October 2018, AHK Azerbaijan organised the next AHK-Impuls event for its member companies at Hyatt Meeting & Conference Centre.