Introduction To The New Arbitration Law In Azerbaijan

General information

Azerbaijani Parliament adopted the new draft law "On Arbitration" in the third reading on 26 December 2023. It has been signed by the President of Azerbaijan on 25 January 2024 and has already entered into force (hereinafter referred to as the "New Arbitration Law" or simply the "Arbitration Law"). Consequently, the previous Law On "International Arbitration" dated 18 November 1999 ceased to have effect.

The New Arbitration Law consists of 59 articles and 8 following chapters:

Chapter I –General Provisions;

Chapter II –Arbitration Agreement;

Chapter III –Composition of Arbitration Court (tribunal);

Chapter IV –Interim Measures;

Chapter V –Conduct of Arbitral Proceeding;