Innovation in credit agreements

12:39 - 19.01.2023


January 19, Fineko/abc.az. "Credit agreements will now be regulated by the norms of the Civil Code."

ABC.AZ reports that with MP Mohammed Bazigov, the head of the Milli Majlis Administration’s Economic Legislation Department, made the relevant statement at today’s meeting of Parliamentary Committee on Legal Policy & State Construction.

He noted that the rights of citizens and consumers will be protected within the Civil Code.

Committee’s chair Ali Huseynli said that in fact, the lender has always had an advantage: "There are also many court cases related to this. The appearance of such norms in the Civil Code is very important from angle of protecting the rights of citizens and consumers. All over the world, such relations are regulated by a contract."

Other news