17:43 - 23.01.2024

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January 23, Fineko/abc.az. President Ilham Aliyev has approved the Law on the approval and entry into force of the Code on Competition & Legal Regulation in this regard.

ABC.AZ reports that the Competition Code consists of 12 chapters and 84 articles.

The Code defines the general principles for ensuring, protecting and developing free and healthy competition in Azerbaijan, state control over compliance with competition law, regulation in the field of competition, organizational and legal foundations of state regulation of natural monopolies, rights and obligations of market entities, and establishes liability for violation of competition law.

This law comes into force on July 1, 2024.