In August 2024, Azerbaijan introduced significant amendments to its Labor Code, focusing on the establishment and termination of labor relations, specifically employment contracts. Enhanced Employer Responsibilities Effective August 12, 2024, the amendments have brought several positive changes to the Labor Code, making the labor system more efficient and supportive for both employers and employees. Employers now face clearer and more comprehensive obligations. They must ensure timely and complete payments for compulsory medical insurance, state social insurance, unemployment insurance, and...

The Law “On Arbitration” dated December 26, 2023 was published on  January 25, 2024. Considering the fact that arbitration courts in Azerbaijan does not operate and the country implemented the decisions of the International Court of Arbitration, the adoption of this Law has significant role in our legislation history. The Decree of the President of the Republic of Azerbaijan  contains the necessary points on implementation of the Law and considers the preparation of draft law on Private International Law within six months.  As it is undeniable fact that the newly adopted Law “On Arbitration”...

Decree of the President of the Republic of Azerbaijan on the implementation of the “ Amendments to the Law of the Republic of Azerbaijan “On Accounting” and on the regulation of some related issues” was published on January 22, 2024. This Decree exactly indicates the effective dates for the implementation of electronic accounting that should be carried out by medium-sized enterprises. In  accordance with the Law of the Republic of Azerbaijan “On Accounting” the process should be implemented in the following stages: Persons who provides financials services defined by the Tax Code of the...