Banking and Finance

25 October 2023by info@acon.az

ACON Consulting: Your Expert Bank Legal Partner in Azerbaijan

Welcome to ACON Consulting, your trusted legal partner for all your banking and financial needs in Azerbaijan. We specialize in providing top-notch legal counsel in the Banking and Finance sector, ensuring compliance with the intricate regulations governing this industry.

The Azerbaijani Financial Landscape

Azerbaijan’s financial sector is dominated by banks, holding approximately 95% of the country’s total financial assets. Beyond banks, credit institutions, micro-finance entities, and insurance companies also play pivotal roles in Azerbaijan’s financial landscape.

The Central Bank of Azerbaijan oversees the banking and finance industry, concurrently managing monetary policies and payment systems. Previously, the Financial Markets Supervisory Authority served as the primary regulator, but it dissolved in 2019, returning regulatory responsibilities to the Central Bank.

Navigating Banking Law in Azerbaijan

The banking and finance sector in Azerbaijan is governed by a comprehensive framework. Laws encompass banking, non-banking credit organizations, the Central Bank, security markets, insurance, currency regulation, investment funds, and investment operations. These laws evolve in response to regulatory updates, primarily enacted by the Central Bank.

Our Legal Expertise

ACON Consulting, as a leading banking law firm, provides comprehensive legal and tax advisory services to various stakeholders in the banking and financial industry. Our clients include both local and international banks, non-bank credit institutions, insurance companies, and investment in Azerbaijan.

Banking and Financial Services We Offer

Our wide range of services tailored to the banking and financial industry includes:

  • Licensing Assistance: We offer expert guidance on obtaining licenses for banking, non-banking credit organizations, investment operations, and insurance.
  • Legal Representation: We provide legal representation for drafting loan agreements and advise on loan securities.
  • Mergers and Acquisitions: We assist in mergers, acquisitions, restructuring, and establishing or dissolving bank branches and departments.
  • Security Agreements: We handle security agreement documentation, including mortgage agreements and securities registration.
  • Compliance Advisory: We offer guidance on local requirements, covering promissory notes, bills of exchange, stocks, bonds, bank guarantees, letters of credit, and the broader capital market landscape.
  • Due Diligence: Our services include conducting due diligence on counterparties, such as local borrowers, for loan issuance purposes.
  • Legal Opinions: We provide external legal opinions on loan agreements, loan documentation, and associated security agreements, mainly for foreign and international lenders.
  • Cryptocurrency Regulation: We offer expert advice on cryptocurrency regulations and the taxation implications of crypto income.
  • Litigation Support: ACON Consulting is here to represent your interests in bank-related litigations, including disputes involving liquidated banks.

Conclusion

ACON Consulting is your go-to legal partner for all your banking and financial needs in Azerbaijan. Our seasoned team is dedicated to ensuring your compliance with the intricate web of regulations, providing expert guidance every step of the way. Contact us today for personalized, reliable legal solutions in Azerbaijan’s financial and banking sector.

ACONOffice
Reach out or visit our office to access ACON's exceptional services for your needs.

AZ1025, Azure Business Center, Office 165B, Baku, Azerbaijan
OUR LOCATIONSWhere to find us?
Law firm in Azerbaijan Footer Map
GET IN TOUCHACON Social links
Follow us on social media to stay updated and connected with ACON!
ACONOffice
Reach out or visit our office to access ACON's exceptional services for your needs.
AZ1025, Azure Business Center, Office 165B, Baku, Azerbaijan
OUR LOCATIONSWhere to find us?
Law firm in Azerbaijan Footer Map
GET IN TOUCHACON Social links
Follow us on social media to stay updated and connected with ACON!
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