Regulatory Alerts2026-07-21
Added · Updated
Law of the Republic of Azerbaijan on Financial Leasing
This Law establishes the legal framework for financial leasing activities in Azerbaijan, defining key terms such as financial lease, lessor, lessee, and qualifying holding. It mandates that financial leasing agreements be concluded in writing and specifies required contents, including descriptions of the asset, payment schedules, and maintenance obligations. The legislation outlines the rights and duties of lessors, lessees, and suppliers, including provisions for subleasing, early termination upon specific breaches, and the allocation of risks and insurance responsibilities. It also applies to banks and non-bank credit institutions engaged in financial leasing and designates the Central Bank of Azerbaijan as the regulatory authority.