Member News

Post date: Wednesday, 28 June, 2017 - 12:49
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The Baku office of Dentons – a TEAS member company ­– has published the eleventh edition of its guide to Succeeding in Azerbaijan, encapsulating collective knowledge emanating from over 20 years’ experience of advising clients in Azerbaijan. This invaluable publication covers such areas as obtaining work and visitor visas; work permits; establishing and closing operations; corporate governance; banking and finance; use of investment funds; secured transactions; taxation (non-oil and in hydrocarbons sector); customs; and auditing. Go to http://bit.ly/doingbusinessazerbaijan2017 to download the entire publication.

In addition, Dentons has entered the Georgian market with the opening of its new office in Tbilisi, thereby solidifying its role in Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS). Elliott Portnoy, Global Chief Executive Officer, Dentons, explained: “In line with our polycentric strategy, Dentons is now the only global law firm to offer clients on-the-ground legal knowledge in Georgia, Kazakhstan, Azerbaijan, Russia, Turkey and Ukraine. We are in the unique position to serve our clients’ legal needs right across this energy-rich region.”

Otar Kipshidze will lead Dentons’ Tbilisi office as Managing Partner and the Litigation and Dispute Resolution practice in Georgia. Dentons now employs more than 7800 lawyers in 150 offices across more than 60 countries. Visit http://bit.ly/dentonsgeorgia to find out more.

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Post date: Wednesday, 11 January, 2017 - 16:35
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Dentons – a TEAS member company – has launched the latest edition of its Global Energy Game Changers publication, entitled Focus on Europe (see http://bit.ly/dentonsglobal). Produced by its Global Energy Team, this is a compendium of insightful analysis into the most important issues facing the energy industry.

This invaluable publication covers continent-wide regulatory reform, the regulation of new cross-border power flows, the challenges facing the oil and gas industry, infrastructure sharing, disputes under investment treaties and the impact of Brexit. It also takes an in-depth look into the issues shaping the business environment in one of most important energy regions. Topics include:

•           Quantum viewpoints – trends and projections for the energy industry

•           EU Energy Union – a progress report

•           Making the single EU electricity market work – ACER and cross-border capacity allocation

•           Smart Grids – prospects and challenges

•           Stormy weather in the UK North Sea

•           “Help! I'm in a bad contract, get me out of here!” Disputes after the oil price crash

•           Energy and communications infrastructure sharing: an idea whose time has come

•           Solar suits against Western European governments

•           Brexit and the energy sector: initial thoughts

Dentons has also issued a Client Alert on New Amendments to the Tax Code, following a Presidential Decree on 16 December. This includes the definition of income; transfer pricing provisions; advance assessment of taxation liabilities; reduced scope of permitted cash transactions; tightening of the regulation of cash transactions; the issuance if electronic invoices; income tax exemptions; the depreciation rate of machines and equipment; new withholding taxes; and the VAT status of electronic trade. Go to http://bit.ly/dentonstax to read the full alert.

Following another Decree on 16 December, Dentons has issued a further Client Alert on non-cash settlements, including situations where this payment form is mandatory. Visit http://bit.ly/dentonsnoncash for this essential information.

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Post date: Friday, 1 April, 2016 - 10:43
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Dentons Baku office – a TEAS member company – has issued several Client Alerts in the wake of new laws passed in the Milli Majlis (Azerbaijani Parliament) following the recent AZN currency devaluation. These relate to state guarantees for loans to deposit insurance funds, an extension to deposit insurance coverage by the Central Bank of Azerbaijan, currency controls, and incentives to promote investments. Go to http://bit.ly/dentonscurrencycontrol and http://bit.ly/dentonsinvestmentpromo to read the alerts.

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Post date: Friday, 17 July, 2015 - 15:38
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Global law firm Denton’s ­– a TEAS member company – has published the ninth edition of its invaluable guide to doing business in Azerbaijan. Entitled Succeeding in Azerbaijan, it is based on the collective knowledge and experience gained during the many years that the Baku branch has advised clients in Azerbaijan.

The Denton’s guide highlights some of the principal issues of interest to those currently in, or wishing to enter, this market. It serves as a good, practical introduction to the legal and business environment in the country. This edition was officially launched on 1 June 2015 at the Denton’s Baku annual client breakfast briefing held during the Caspian International Oil and Gas Exhibition. To download the full guide in pdf format, go to http://bit.ly/dentons2015

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Post date: Friday, 17 July, 2015 - 15:30
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The Baku branch of global law firm Denton’s – a TEAS member company – has issued a client alert related to recent amendments to the Azerbaijani Civil Code, which became effective on 24 May 2015. These specify new regulations for related party transactions, which now encompass all Azerbaijani legal entities.

Previously, similar regulations existed only for issuers of investment securities (company shares and bonds) and banks. The new rules are applicable to any transaction or series of related transactions between a legal entity and a related party with respect to such legal entity. To read the full client alert, go to http://bit.ly/dentonsrelatedparty.

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