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Law of the Republic of Azerbaijan “on Insurance activity”
Pursuant to the newly introduced changes in the Law of the Republic of Azerbaijan on “Insurance activity” (Insurance Law), a new article was added to the Civil Code of the Republic of Azerbaijan (Civil Code).
29.10.2019
Public Procurement Law of the Republic of Azerbaijan
The Order of the President of the Republic of Azerbaijan on the Implementation of the Law of the Republic of Azerbaijan dated July 9, 2019 No. 1644-VQD "On Amendments to the Law of the Republic of Azerbaijan "On Public Procurement " (Law)
08.07.2019
Gumru Eyvazova and Sabina Gasimova attended the U.S. Independence Day Cocktail Reception in Azerbaijan
AmCham Azerbaijan held the U.S. Independence Day Cocktail Reception on 8th July 2019 with its members.
Newsletter, June 2019
Content:
Azerbaijan
Belarus
Kazakhstan
Kyryzstan
Mongolia
Uzbekistan
26.03.2019
Minimum monthly salary
According to Presidential Order dated 8 February 2019, starting from March 1st, 2019, minimum monthly salary in the Republic of Azerbaijan has been increased to AZN 180.
26.03.2019
Resolution of the issues on problem loans of individuals
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.
26.03.2019
Amendments to Law on Deposits’ Full Insurance
According to the Amendments made to Law on Deposits’ Full Insurance dated 19 February 2019, the term of full insurance has been extended for one more year (i.e. up to March 1st, 2020).
20.03.2019
Amendments to the Law “On State Registration and State Registry of Legal Entities”
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.