Measures to further ease quarantine restrictions in Azerbaijan

The Decision #282 of the Cabinet of Ministers of the Republic of Azerbaijan dated August 7, 2020 proclaims the measures to further ease quarantine restrictions in the territory of the Republic of Azerbaijan. According to a relevant decision of the Cabinet of Ministers, the following activity areas are allowed to operate in the cities of […]

Ummi JalilovaPartner, Director of Baku office, GRATA International

Changes to the tight quarantine regime in Azerbaijan

The Decision #294 of the Cabinet of Ministers of the Republic of Azerbaijan dated August 15, 2020 proclaims the measures to change quarantine restrictions in the cities of Baku, Sumgayit, Ganja, Yevlakh, Masalli, Jalilabad and Mingachevir, as well as Absheron, Barda, Salyan, Khachmaz, Goranboy and Goygol districts. According to a relevant decision of the Cabinet […]

Ummi JalilovaPartner, Director of Baku office, GRATA International

Dadash Alishov features in the IR Global & ACC collaboration Publication “A Jurisdictional Guide of how to Manage Risk in Multinationals”

QUESTION ONE When representing a client with significant business activities in foreign jurisdictions, what are some key risk-related concerns that arise in a cross-border context and how can a parent company minimise such risk? BACG’s experience working with subsidiaries of many foreign companies in the Azerbaijani market has found that the main risk-related concerns for […]

Amendments to Foreign Currency Regulation

On February 20, 2020, the Management Board of the Central Bank of the Republic of Azerbaijan approved a decision on amendments to the “Regulations on currency operations of residents of the Republic of Azerbaijan in foreign currency, and non‐residents in national and foreign currencies”. As in accordance with the amendments, in case of a prepayment […]

Ummi JalilovaPartner, Director of Baku office, GRATA International

Interpretations of The Code of Administrative Offenses by Constitutional Court: Azerbaijan

On 19 December 2019 Azerbaijan’s Constitutional Court (“CC”) adopted a decision on Interpretations of Articles 38.1 and 430.4 of the Code of Administrative Offenses of the Republic of Azerbaijan (“Code”). The matter of interpretations of articles 38.1 and 430.4 was raised by Sheki Appeal Court of the Republic of Azerbaijan based on the administrative case […]

Ummi JalilovaPartner, Director of Baku office, GRATA International

Azerbaijan Allows Fifth and Seventh Freedom Flights

Azerbaijan has announced a significant change to its foreign airline policies. As of 1st January, all airlines based in a list of 40 different countries from North America, Asia and Europe, will automatically receive fifth and seventh freedom rights in Azerbaijan. This significant change to its current aviation policy will help encourage tourism and visitors to […]

Ummi JalilovaPartner, Director of Baku office, GRATA International

Amendments to Tax Code: Azerbaijan

Law of the Republic of Azerbaijan “on Amendments to the Tax Code of the Republic of Azerbaijan” was approved by the President of the Republic of Azerbaijan on 29 November 2019. These amendments become effective from January 1st, 2020. The amendments concerns the following matters: E-tax invoice cancellation and application of various types of electronic […]

Ummi JalilovaPartner, Director of Baku office, GRATA International

DOING BUSINESS IN AZERBAIJAN

We would like to mention that Baku Consulting Group (BACG) has recently been registered and acknowledged in the “Doing Business in Azerbaijan Guide” launched by the Institute of Export & International Trade, United Kingdom, as a market expert in the sphere of legal consultancy in the Republic of Azerbaijan. For detailed information about the news […]

Securitization in Luxembourg

By “securitisation” is meant the operation by which a securitisation vehicle acquires or takes on risks linked to loans, goods or liabilities accepted by a third party by issuing transferable securities the value or yield of which is dependent on these risks. Practically speaking, a securitisation operation consists of bringing together a group of assets […]