New grounds for state acquisition of investments in Azerbaijan have been approved.
President Ilham Aliyev signed an amendment to the Law "On Investment Activities" in this regard.
The new amendment defines a new basis for state acquisition of investments. This is the acquisition of investments by the state in order to prevent exceptional cases that harm the interests of the state and people of Azerbaijan or contradict the national interests of Azerbaijan in relation to strategically important investments.
Thus, the legal basis for state acquisition of investments of strategic importance in order to prevent exceptional cases that harm the interests of the state and people of Azerbaijan or contradict the national interests of Azerbaijan has been formed. For this purpose, the acquisition of investments will be carried out in a general manner, that is, by paying compensation to investors in exchange for the acquisition of investments by the state.
Also, the acquisition of investments of strategic importance for the mentioned purpose by the state will be carried out in accordance with the laws of Azerbaijan.
