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Global Legal Insights to: International Arbitration 2017 Azerbaijan
The act which primarily governs international arbitration in the Republic of Azerbaijan is the Law of the Republic of Azerbaijan on International Commercial Arbitration, dated 18 November 1999 (“Law on Arbitration”). The Law on Arbitration is completely based on the UNCITRAL Model Law on International Commercial Arbitration 1985 (“Model Law”). Republic of Azerbaijan has ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards with no reservation (“New York Convention”).
Amendment to the Telecommunication Law of the Republic of Azerbaijan
In accordance with the Law on “Amendment to the Telecommunication Law of the Republic of Azerbaijan” dated 10 March 2017, operators and providers of internet telecommunication service shall be registered with the Ministry of Transport, Communication and High Technologies (“MTCHT”) within 15 days upon the commencement date of rendering service.
New rules set for VAT refunds on consumption goods in Azerbaijan
On February 20, 2017, President of the Republic of Azerbaijan signed a decree on approval of “Rule for the refund of the value added tax paid by natural persons during shopping festivals for the goods that are not intended for commercial or production purposes, and that are purchased in the territory of the Republic of Azerbaijan” (“Rule”).
Azerbaijan adopts legislation to promote high-growth in non-oil sector and expand export opportunities
President of the Republic of Azerbaijan signed a decree on “additional measures with regard to strengthening the position of the Republic of Azerbaijan as Digital Trade Hub and expansion of foreign trade transactions” on February 22, 2017.
Patent rights legislation changes in Azerbaijan
On February 10, 2017, the President of the Republic of Azerbaijan signed a decree “on additional measures regarding the improvement of management in the fields of standardization, metrology, accreditation and protection of the patent right objects” (“Decree”).
Improvement of food safety system in the Republic of Azerbaijan
On February 10, 2017, the President of the Republic of Azerbaijan signed a decree on “additional measures with respect to the improvement of food safety system in the Republic of Azerbaijan” (“Decree”).
Arbitration procedures and practice in Azerbaijan: overview
A Q&A guide to arbitration law and practice in Azerbaijan.