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Legal Updates | March

Legal Act: Amendments to the Law "On Suspension of Inspections related to entrepreneurial activity"

Authority: Milli Majlis (Parliament)

Effective date: 19 March 2021

Source: https://president.az/articles/50920

 

As per the amendments, the period of suspension of inspections in the field of entrepreneurship in Azerbaijan has been extended until 1 January 2022 (previously it was 1 January 2021) and it is prohibited to conduct regular and extraordinary inspections (excluding the ones provided for by the law) related to the activities carried out within the suspension period upon the expiration date.

 

Legal Act: Amendments to the Law "On Copyright and Related Rights"

Authority: Milli Majlis (Parliament)

Effective date: 19 March 2021

Source: https://president.az/articles/50914

 

According to the amendments, expressions of Azerbaijani folklore (cultural heritage) and traditional knowledge of Azerbaijan, which is considered within the public domain shall be duly registered and provided with a certificate.

Additionally, the fees charged for the use of works declared to be state property are used to implement the state policy in respect of copyright and related rights.

 

Legal Act: Amendments to the “Rules for the implementation by investors of investment projects related to construction and infrastructure facilities within the framework of the model, requirements for investors in accordance with the types of construction and infrastructure facilities, the specifics and conditions of contracts to be concluded, the procedure for determining the cost of goods and services that will be received as a result of the investment.

Authority: President of the Republic of Azerbaijan

Effective date: 20 March 2020

Source: https://president.az/articles/50934

 

According to the changes, investors in the implementation of investment projects based on the BOT (build-operate-transfer) model are now extended not only to legal entities (including branches and representative offices) but also to individual entrepreneurs.

Additionally, the investor may be assigned without a tender announcement in the following cases:

  • an urgent need for the implementation of any investment project associated with human health or the environment, significant material losses and disruption of the living conditions of people;

 

  • the possibility of implementing an investment project only by a specific investor or if he/she has exclusive rights to it.

 

 

Legal Act: “Decree On Amendments to the ”Procedure for Subsidizing the Production of Agricultural Products”.

Authority: President of the Republic of Azerbaijan

Effective date: 13 March 2020

Source: https://president.az/articles/50866

 

According to the amendment, if the subsidy funds provided to the farmer were not used within 2 years, and the farmer had also failed to use the subsidy funds within 3 months after being notified of this, he will not be paid the subsidy for the following year.

 

Legal Act: Amendments to the Decisions "On approval of the amount of fees for the provision of mediation services and other expenses during the initial mediation session", "On approval" of the procedure for payment of mediation costs from the state budget" and "On approval" of the Procedure for the implementation of the mediation process”

Authority: President of the Republic of Azerbaijan

Effective date: 20 March 2021

Source: https://nk.gov.az/az/document/5220/

 

The effective date of the Decisions mentioned in the title has been postponed to 1 July 2021.

30 Apr, 2021