New Rules for Banks Experiencing Financial Difficulties

On 7 April 2017, the President of the Republic of Azerbaijan signed a decree (the Decree) approving significant amendments to the Law On Banks dated 16 January 2004 (the Amendments) and relating to local banks experiencing financial difficulties.

Financial Rehabilitation

Filed under:
Azerbaijan, Banking, Insolvency & Restructuring, Baker McKenzie, Liquidation
Authors:
Altay Mustafayev , Jamil Alizada
Location:
Azerbaijan
Firm:
Baker McKenzie