Azerbaijan approves Rules for Registration of Security Agreements

Azerbaijan approves Rules for Registration of Security Agreements
# 24 September 2009 16:47 (UTC +04:00)
Baku. Rashad Suleymanov - APA-ECONOMICS. Azerbaijani Cabinet of Ministers has approved the "Rules for registration of security agreements”.
Rules are developed in accordance with the Law on Trademarks and Geographical Indicators to define rules for registration of the contracts on the transfer of the rights to registered trademarks as collateral to another person.
According to the document, the mortgage contract must be notarized and registered by the State Committee for Standardization, Metrology and Patents with payment of state duty.
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THE OPERATION IS BEING PERFORMED