The former CEO of Cisco Systems, John Chambers, once famously stated: ‘There are only two types of companies: Those that have been hacked and those don't know that they have been hacked'.

My previous article titled ‘Cyber-enabled fraud: an imminent threat to business in Azerbaijan' illustrated how various institutions such as banks, law enforcement, or legal instruments alone are incapable of defending the business from the CEF.

One of the cases that we constantly encounter in practice is the procedure for sale and purchase of shares of a company (Limited Liability Company) (hereinafter referred to as the "Company").

Azerbaijani Parliament adopted the new draft law "On Arbitration" in the third reading on 26 December 2023.