25.07.2022
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.
The list of commodities the advertising which is prohibited has been expanded
As per the Resolution of the Cabinet of Ministers dated 4 April 2022, the “List of commodities the advertising of which is prohibited” approved by the Resolution of the Cabinet of Ministers #414 dated 17 October 2016 has been expanded.
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.
11.05.2022
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.
18.01.2022
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.
18.01.2022
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.
18.01.2022
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
18.01.2022
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.