Regulatory Alerts2021-07-30
Added · Updated
Regulation on Circulation of Promissory Notes in the Republic of Azerbaijan
The State Committee for Securities under the President of the Republic of Azerbaijan issued Order No. 022 to regulate the issuance, transfer, and fulfillment of promissory notes within Azerbaijan. The regulation defines key legal terms and establishes mandatory requisites for transfer and own promissory notes, while detailing procedures for endorsement, acceptance, and aval surety. It further specifies maturity periods, payment obligations, and the legal mechanisms for recourse in cases of refusal to pay or accept.
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