International law firms back, as a whole, latest amendments to Azerbaijani law on banks
Baku, Fineko/abc.az. International law firms, particularly Dentons, supported the latest amendments to the Azerbaijan’s Law on Banks.
The decree on approval of the amending bill, passed on 7 April 2017, was signed yesterday by Azerbaijani President Ilham Aliyev.
The amendments introduce concept and practice of voluntary restructuring of liabilities of banks, bridge banks, clarify the procedure of recognition of their insolvency (bankruptcy) and the appointment of the regulator and activity of the temporary administration.
The amendments are available fully at: