Samir Vəliyev, Chairman of the Board of Trustees of Odlar Yurdu Universiteti, delivered a speech at the Milli Majlis

Today, at the plenary session of the Milli Majlis, during the first reading of the draft Law of the Republic of Azerbaijan “On Financial Leasing,” the Chairman of the Board of Trustees of Odlar Yurdu Universiteti, Member of Parliament, Professor Samir Vəliyev delivered a speech.

In his remarks, Samir Valiyev stated that the structure and content of the draft law presented for first reading fully correspond to the current challenges. He noted that the necessity of preparing the draft law is driven by several important factors.

The MP emphasized that although the international term “leasing” is widely used, replacing it with “financial lease” in the draft law is more appropriate. According to him, the adoption of the new law will ensure a unified approach, standardization of terminology, and clearer understanding of the legal nature of this activity.

He further noted:
“It should be mentioned that users of this service often perceive leasing as closer to credit relations than to lease relations. In this regard, the decisions of the Plenum of the Constitutional Court of the Republic of Azerbaijan are of particular importance for ensuring legal clarity. International practice distinguishes between two types of leasing: operational leasing and financial leasing. Financial leasing plays a significant role in expanding economic activity, increasing circulation of goods and capital, and improving access to financial resources for both legal entities and individuals.”

According to the MP, improving regulation in this field, increasing the responsibility of participants, and establishing effective control and coordination mechanisms are of great importance. He added:
“Overall, the development of financial leasing mechanisms will positively impact macro- and microeconomic indicators and stimulate business activity. Establishing a legal framework that responds to current challenges will enhance efficiency in both the financial and real sectors, as well as increase flexibility and responsiveness. Moreover, improving the effectiveness of this mechanism will contribute to expanding investment flows and supporting the development of innovative sectors.”

In conclusion, Samir Valiyev considered it appropriate to adopt the draft law in the first reading.

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