Azerbaijan Enacts Legislation On Investment Exercise

1) State regulation of investment activity contains control of state investment, as nicely as regulation of conditions for investment exercise and management over the observance of circumstances by all topics of funding exercise.

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Alongside the AML Amendments, the State Administration for Market Regulation (« SAMR ») has issued for public comment proposed updates to key implementing rules and laws concerning cartels and vertical restraints, abuse of dominance, merger management and abuse of IP rights.

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The controversial amendments reduce the state’s share in the oil income, lowered taxes and scrapped financial institution ensures that were within the preliminary contract, the nation’s leader Colonel Elly Ould Mohamed Vall said. However, he went on to say that, despite any attainable laws that might clamp down on these web customers, there would be no violation of public freedoms guaranteed by the constitution.

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