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Banking & financial regulation

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The Law on Amendments to the Labor Code, the Civil Code, and the Laws of the Republic of Azerbaijan "On Currency Regulation", "On Investment Funds" and "On the Securities Market"New business opportunities in Azerbaijan: Tax and Customs duty exemptionsNew requirements for the payments market are on the way: a close look at the Law on Payment ServicesAll updates
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Marine Plaza, 3rd floor, Uzeyir Hajibeyli 62, AZ 1010, Baku, Azerbaijanvlm@vlm-az.com+994 10 256 73 56Send an enquiry
+994 10 256 73 56vlm@vlm-az.com
PracticesBanking & finance

Banking & financial regulation

With its broad expertise in the finance sector, VLM offers a comprehensive suite of services tailored for financial institutions.

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rankings and memberships
Legal 500Chambers and PartnersIFLR1000ITR World TaxAmCham AzerbaijanBCCAAFChamberIsrael–Azerbaijan ChamberAIENShenzhen Court of International ArbitrationGlobal Law ExpertsLeadvisor
Legal 500Chambers and PartnersIFLR1000ITR World TaxAmCham AzerbaijanBCCAAFChamberIsrael–Azerbaijan ChamberAIENShenzhen Court of International ArbitrationGlobal Law ExpertsLeadvisor

How we work

Licensing, prudential rules and Central Bank requirements.

We consistently provide legal services to international financial institutions, banks, insurance companies, investment firms, and fintech companies.

Our projects

Work we have done

Fintech

First PSD2-style payment institution licence in Azerbaijan

When Azerbaijan’s 2023 Law on Payment Services brought EU-style licensing to the market, there was no precedent to follow. We guided Token Azerbaijan through the process, and the company received the first payment institution licence under the new law.Read the case

What we do

Our banking and finance law practice includes:

  • Acting as external legal counsel for financial institutions
  • Providing expert assistance in obtaining and maintaining required licenses
  • Offering specialized support for international loans and high-value cross-border transactions
  • Providing strategic legal solutions for mergers, acquisitions, and partnerships in compliance with regulations
  • Drafting tailored loan, mortgage, deposit, and further agreements
  • Navigating prudential and regulatory requirements with precision and confidence
  • Providing legal advice on payment regulations, AML/ATF matters, and data protection requirements
  • Advising on all facets of legal matters, including corporate law and securities regulations

Banking & finance

Also in this group

All thirty-three practices
General lendingFacility agreements, security and enforcement.Read more
Project financeSecurity packages, lender negotiation and conditions to disbursement.Read more
PPP & infrastructure financeMaking a concession or PPP agreement bankable.Read more
Funds & venture capitalFund formation, licensing and venture investment terms.Read more

News and insight

VLM Times

The amendments, decrees and court decisions that change what a business operating in Azerbaijan has to do next.

6 August 2026 · Corporate

The Law on Amendments to the Labor Code, the Civil Code, and the Laws of the Republic of Azerbaijan "On Currency Regulation", "On Investment Funds" and "On the Securities Market"

8 January 2025 · Tax

New business opportunities in Azerbaijan: Tax and Customs duty exemptions

21 August 2023 · Banking and finance

New requirements for the payments market are on the way: a close look at the Law on Payment Services

30 December 2022 · Labor and migration

New changes related to work permits

30 December 2022 · Public private partnership

Law on Public-Private Partnerships: what is improved with the new Law

17 May 2022 · Firm news

Project on strengthening the financial stability of the Gabala Vocational School

14 March 2022 · Firm news

Professional Legal Services

9 March 2022 · Dispute resolution

Dispute Resolution Services

1 March 2022 · Intellectual property

Why register a trademark?

28 January 2022 · Labor

Penalties for administrative violation of labor rights have been increased

30 December 2021 · Labor

Increase of minimum monthly salary

9 September 2021 · Dispute resolution

Constitutional Court Decision on termination of an employment contract and labor disputes settlement

10 August 2021 · Firm news

COVID-19 Update

17 May 2021 · Labor

SUMMARY of Law dated 02 April 2021 on Amendments to the Labor Code

26 March 2021 · Firm news

Vugar Mammadov, VLM's Managing Partner gave an interview for the Legal500.

See all articles

Contact

Tell us what you are trying to do in Azerbaijan

Marine Plaza, 3rd floor, Uzeyir Hajibeyli 62, AZ 1010, Baku. A partner replies within one business day.

vlm@vlm-az.com+994 10 256 73 56

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Marine Plaza, 3rd floor
Uzeyir Hajibeyli 62
AZ 1010, Baku, Azerbaijan

+994 10 256 73 56

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VLM refers to VLM and Partners, a limited liability company incorporated under the laws of the Republic of Azerbaijan.© 2026 VLM and Partners