Quick reference guide enabling side-by-side comparison of local insights, including into applicable laws, conventions and treaties, and prominent local arbitral institutions; arbitration agreements; constitution, jurisdiction and competence of arbitral tribunals; arbitral proceedings; interim measures and sanctioning powers; awards; proceedings subsequent to issuance of award; influence of local legal traditions on arbitrators; professional or ethical rules; third-party funding; regulation of activities.
Importing into Azerbaijan: Overview
Azerbaijan is located at the crossroads of Europe and Asia, which has contributed to the success of its trade policy. One of the main objectives of this policy is to expand and strengthen Azerbaijan's foreign trade relations. The Karabakh region, which was returned to the control of Azerbaijan in 2020, also represents economic potential for the country.
Supply of Goods in Azerbaijan: Overview
The Civil Code defines the standard terms of an agreement as to the pre-formulated and intended for multiple use that one party (offeror) presents to another party, and predetermined provisions are clarified through such standard terms
Exporting from Azerbaijan: Overview
Submitted applications (orders) are reviewed by a state body issuing the special permit to verify the accuracy of the information provided and determine compliance with export control rules.
From 1 January 2023 a number of amendments to the legislation of the Republic of Azerbaijan in connection with the provision of tax and other incentives to persons engaged in activities in the field of information technology will take effect.
From 1 January 2023 a number of amendments to the legislation of the Republic of Azerbaijan establishing tax and other incentives in relation to activities in the liberated territories of Azerbaijan will take effect
Civil Code of the Republic of Azerbaijan determines incorporation of the companies by foreign entities in different forms, but most frequently chosen forms by foreign companies
s your jurisdiction a contracting state to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards? Since when has the Convention been in force? Were any declarations or notifications made under articles I, X and XI of the Convention? What other multilateral conventions relating to international commercial and investment arbitration is your country a party to?
The Law of the Republic of Azerbaijan “On making amendments to the Tax Code of the Republic of Azerbaijan” #534-VIQD which was adopted on May 13, 2022 and entered into legal force on June 10, 2022 has expanded the types of income of individuals exempt from income tax
In a period of unprecedented geopolitical turbulence and associated financial and logistical challenges, many entrepreneurs are considering relocating their businesses to more politically and economically stable jurisdictions. An alternative to the countries of the European Union and offshore countries can be rapidly developing member states - Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan and Uzbekistan.