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Legislative Update Newsletter-May, 2018

Legislative Update Newsletter-May,2018

Overview of recent changes in the Azerbaijani legislation that could materially impact your business.

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In this Issue:

1. Civil Code was amended

2. The Law "On Insolvency and Bankruptcy" was amended

3. Law "On Foddstuffs" was amended

4. Regulations of "Electronic mortgage and credit guarantee system" were approved

5. Rules on mortgage lending were amended

6. Rules on provision of mortgage loan guarantee by Mortgage and Credit Guarantee Fund have been approved

7. Decree on ensuring activity of the Mortgage and Credit Guarantee Fund was amended

8. "Law on Credit Bureaus" was amended

9. Civil Code was amended

10. Code of Administrative Offenses was amended

 

© 2018 KPMG Audit Azerbaijan» Limited Liability Company, incorporated by the Laws of the Republic of Azerbaijan, a member firm of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Azerbaijan.

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