The Civil Code of Azerbaijan mandates that a legal entity shall have, at least, one legal representative acting as an executive director. Duties and Powers. Persons acting on behalf of a company and persons who are represented at the management bodies (board of directors or executive body) of a company shall (i) act in an...
In practice, many companies and entrepreneurs prefer to conclude a civil (commercial) contract with an employee instead of an employment agreement for certain reasons, taxation issues etc. But when studied carefully, it becomes evident that such contracts are designed to create a labor relation between the respective parties. New amendment to the Labor Code of...
President of the Republic of Azerbaijan signed the Decree “On Improving Management in the field of State Support for Development of Entrepreneurship” on October 11, 2021. Under the Decree, “Azerbaijan Business Development Fund” (hereinafter – the Fund) was established under the Ministry of Economy on the basis of merger of “Entrepreneurship Development Fund of the...
Copyright by BAC. All rights reserved.
Copyright by BAC. All rights reserved.
