Bank Of Baku

Workshop “Topical Ltd issues: Azerbaijani laws and international experience”

Workshop “Topical Ltd issues: Azerbaijani laws and international experience”
# 04 June 2009 15:56 (UTC +04:00)
Baku. Elnur Mammadli – APA. Azerbaijani Lawyers Confederation and German Technical Cooperation Organization (GTZ) held a workshop “Topical Ltd issues: Azerbaijani laws and international experience” for the lawyers and jurists, APA reports. Chairman of the parliament commission for legal policy and state-building Ali Huseynov said improvement of Azerbaijani laws and discussion of the Ltd legal basis from view of international experience learning is important. He said two years ago serious changes were made in the legislation on Ltd. “The legislation is very complicated even for us. The Ltd legislation was based on the European, particularly German experience”.

German lawyer Wolfgang Eith spoke about the impact of globalization on the legislation and said it needed to coordinate the laws adopted in the different countries. “The main principle of the Ltd legislation is to give opportunities to the civilians to come together to establish their business. Germany has one hundred-year of experience in this field and had enough time to adopt the useful laws. Azerbaijan is in the beginning of the way”. The workshop participants compared the laws of Azerbaijan with other countries and discussed other issues.
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THE OPERATION IS BEING PERFORMED