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A new Regulation on “Opening, maintaining and closing bank accounts” was adopted
According to the Resolution of the Central Bank of the Republic of Azerbaijan #04/2 dated 4 February 2022, the Rules on “Opening, maintaining and closing bank accounts” from 10 June 2019 have ceased to be legally valid, and a new Regulation on “Opening, maintaining and closing bank accounts” was adopted.
Opening a business in the countries of Caucasus and Central Asia
If you are interested in establishing a presence in a new market, restructuring your current operations, or expanding the geographical coverage of your business, the jurisdictions of Caucasus and Central Asia could offer a great potential from economic and legal standpoints. The region is strategically located between Europe and Asia, offering a unique position for companies who do business in both markets.
Parallel imports vs Counterfeits: Mechanisms of preventing Intellectual Property Rights infringement in Azerbaijan
Parallel import, which refers to the import of original trademarked products without the consent of the right holder, is a matter of great concern in the international trade. Parallel import is tightly associated with another global issue of counterfeit. The general notion of counterfeit shall be distinguished from the concept of parallel import.
Sale and Storage of Goods in Azerbaijan: Overview
The Law on State Assistance to Small Entrepreneurship No. 673-IQ dated 4 June 1999 aims to guarantee the right to freely engage in entrepreneurial and other types of economic activities. It sets out the forms and methods of state support for small businesses.
International Trade in Goods and Services in Azerbaijan: Overview
Azerbaijan's geographical location at the crossroads of Europe and Asia 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 an economic potential for the country.
Amendments to gambling regulations
The Law on “Amendments to the Law on "Lotteries"” (the “Amendment Law”) was adopted on 27 December 2021 and entered into force on 1 January 2022
Social Media and its Activity in Today’s Environment
By talking about public relations, the first thing that comes to mind is press releases, television news interviews, and newspaper articles. Public relations today is about more than disseminating information in the mainstream media. The latter still plays an important role, but it is no longer the only way of PR.
Due diligence for M&A purposes
A team of leading specialists from the corporate law practice of GRATA International from Azerbaijan, Georgia and Russia prepared brief reviews on the specifics of due diligence in the framework of mergers and acquisitions in these countries.
Due diligence for M&A purposes in Azerbaijan
Due diligence is a very important action that should be taken by a buyer before entering into a merger and acquisition (M&A) transaction. In the M&A transaction, the legal due diligence enables the buyer to get clear information about legal aspects of the target’s business such as corporate structure, contracts, assets, IP rights, litigation, labor matters.
M&A - due diligence from an employment law perspective
Issues that are identified during an employment due diligence can have a crucial impact on the business transaction as during M&A the buyer also acquires the human capital of the target company. Human capital is considered an intangible asset of the company.