The Decree #1950 of the President of the Republic of Azerbaijan dated March 19, 2020 regulates a number of measures to reduce the negative impact of the coronavirus pandemic (COVID-19) and, as a result, sharp fluctuations in world energy and stock markets for the economy of the Republic of Azerbaijan, macroeconomic stability, employment and entrepreneurship.
The Cabinet of Ministers of the Republic of Azerbaijan adopted Action Plan in accordance with the paragraph 10.2 of the Order #1950 of the President of the Republic of Azerbaijan dated March 19, 2020.
The information on the following employees shall be entered into the portal "icaze.e-gov.az" by the employer using an electronic signature
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.
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.
Employment and employee benefits in Azerbaijan: overview
The Labour Code of the Republic of Azerbaijan (Labour Code) provides in Article 5.1 that unless otherwise stipulated by agreements signed by Azerbaijan with other foreign countries and international organisations
Enforcement of foreign arbitral awards by Constitutional Court of the Republic of Azerbaijan
On 15 April 2019 Azerbaijan’s Constitutional Court (“CC”) adopted a decision on invalidation of the decision of the Supreme Court (“SC”) on refusal to recognise and enforce an arbitral award which was issued by the Korean Arbitration Council.