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Azerbaijan Approves New Fees For Arbitration Services
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 7. President of the
Republic of Azerbaijan Ilham Aliyev has approved a law amending
several regulations related to the enforcement of the Law "On
Arbitration," Trend reports.
The new legislation introduces various fees for arbitration services. These include a fee of 100 manat ($58.8) for filing a request to perform auxiliary functions related to arbitration, 50 manat ($29.4) for submitting a request to recognize and enforce arbitration court decisions regarding temporary measures, 100 manat ($58.8) for submitting a request to annul arbitration court decisions, 50 manat ($29.4) for filing a request to ensure the compulsory execution of local arbitration court decisions, and 100 manat ($58.8) for submitting a request to recognize and enforce decisions made by foreign arbitration courts.
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