Bank Of Baku

Azer Asiya insurance company may be abolished officially, in January

Azer Asiya insurance company may be abolished officially, in January
# 09 December 2010 07:35 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. A specific decision on abolishment of Azer Asiya Azerbaijan-Iran insurance company may be adopted at the meeting of company’s shareholders in Baku, at the end of January, head of Law Department Afghan Mirzayev told APA.

According to him, an initial agreement on abolishment of the company has been reached and a Liquidation Commission has been established with the participation of shareholders. The company has near AZN 600 000 debt.

The company will be officially shut down after Liquidation Commission will pay the debts of the company to relevant organizations, including state budget, communal payments and not implemented insurance payment.

Remind that, Azer Asiya has been in existence since 1997..
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