On the implementation of the 23 April 2019 Law of the Republic of Azerbaijan no. 1569-VQD On Amendments to the Law of the Republic of Azerbaijan On Insolvency and Bankruptcy and On Amendments to the 23 June 1997 Decree of the President of the Republic of Azerbaijan no. 604 On the Implementation of the Law of the Republic of Azerbaijan On Insolvency and Bankruptcy

On the implementation of the 23 April 2019 Law of the Republic of Azerbaijan no. 1569-VQD On Amendments to the Law of the Republic of Azerbaijan On Insolvency and Bankruptcy and On Amendments to the 23 June 1997 Decree of the President of the Republic of Azerbaijan no. 604 On the Implementation of the Law of the Republic of Azerbaijan On Insolvency and Bankruptcy

 

Governed by the clauses 19 and 32 of Article 109 of the Constitution of the Republic of Azerbaijan, in order to ensure the implementation of the present Law on the entry into force of the numbered present Law of the Republic of Azerbaijan, dated 23 April 2019 no. 1569-VQD, On Amendments to the Law of the Republic of Azerbaijan On Insolvency and Bankruptcy, I hereby decree as follows:

1. The Cabinet of Ministers of the Republic of Azerbaijan shall:

1.1. prepare proposals on the alignment of the laws of the Republic of Azerbaijan and the acts of the President of the Republic of Azerbaijan with the 23 April 2019 Law of the Republic of Azerbaijan no. 1569-VQD On making amendments to the Law of the Republic of Azerbaijan On Insolvency and Bankruptcy and to submit them to the President of the Republic of Azerbaijan within a period of three months;

1.2. ensure that normative legal acts of the Cabinet of Ministers of the Republic of Azerbaijan are aligned with the present Law and to inform the President of the Republic of Azerbaijan within a period of three months;

1.3. exercise control over the alignment of normative legal acts of the central executive bodies with the present Law and to inform the President of the Republic of Azerbaijan on its implementation within a period of three months;

1.4. resolve other issues arising from the present Law.

2. to replace the full stop at the end of third paragraph of the second part of the 23 June 1997 and Decree of the President of the Republic of Azerbaijan no. 604 On the implementation of the Law of the Republic of Azerbaijan On Insolvency and Bankruptcy (Legislative Digest of the Republic of Azerbaijan, 1997, Number 6, Article 461; 2001, Number 10, Article 640; 2006, Number 7, Article 590; 2010, Number 7, Article 610; 2018, Number 9, Article 1823) with a semicolon and to add the fourth paragraph in the following content:

“the authorities of the relevant executive body stipulated by Article 10-1 of the present Law are carried out by the Ministry of Economy of the Republic of Azerbaijan.”

3. ensure the alignment of normative legal acts and acts of normative character of the central executive bodies of the Ministry of Justice of the Republic of Azerbaijan with the Law of the Republic of Azerbaijan On Amendments to the Law of the Republic of Azerbaijan On Insolvency and Bankruptcy and to inform the Cabinet of Ministers of the Republic of Azerbaijan.

 

Ilham ALIYEV

President of the Republic of Azerbaijan

Baku, 29 April 2019, no. 659

 

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