Legal Updates

Antidumping Law Promulgated

July 2016

The Law comes as the first act in Azerbaijan that seeks specifically to protect local production from the unfair trade practice of dumping; separately, practical issues of donation deeds in Azerbaijan are discussed

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Related-Party Transactions, Liability for Economic Violations, Industrial Parks, and Labour Migration

June 2016

Regulation of Related-Party Transactions for Banks and Insurers, Further Benefits for Industrial Parks, Expansion of Exemption from Work Permit

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Registration of Changes to Details of Legal Entities

April 2016

Tax Authorities (Registration Authorities) Gain Access to Changes of Personal Details of Directors

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Joining CISG, Regulating Related-Party Transactions, Enforcing New Code of Administrative Violations

March 2016

Republic of Azerbaijan joins CISG, further regulates related-party transactions in the context of state-owned companies, and enforces the new Code of Administrative Violations

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Tax Code Amended as of 2016

December 2015

Tax Code amended amid efforts to boost economy

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