Amendments to the Civil Procedure Code of Azerbaijan were passed on September 30, 2016. The corresponding decree was signed by President of Azerbaijan.
According to the document, the text has been added articles 4.4, 138.5 and 272.4-1.
The first of these involves the possibility of filing lawsuits, allegations, complaints and other documents in the framework of economic litigation, not only in writing but also by means of electronic office information system "e-court" provided for by the law of Azerbaijan "On electronic signature and electronic document".
The second article involves placing court notices in electronic form. The third article assumes continuous video and audio recording of court proceedings on economic disputes. The record is attached to the protocol on a physical medium (disk) and is provided to the participants of the economic dispute and their legal representatives.--17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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