of December 15, 1998 No. 590-IQ
About natural monopolies
This law determines the organizational and legal basis of state regulation connected with natural monopolies in the Azerbaijan Republic and is aimed at providing balance of interests of subjects of natural monopolies and consumers.
This law governs the relations arising in the markets of products, works, services (further - goods) in which subjects of natural monopoly, consumers, relevant organs of the executive authority and local self-government participate.
Provisions of this law do not extend to field of activity of subjects of the natural monopolies which are not relating to natural monopolies, except as specified, provided by this law.
The legislation on natural monopolies consists of the Constitution of the Azerbaijan Republic, this law, the Law of the Azerbaijan Republic "About anti-monopoly activities" and other regulatory legal acts.
The concepts used in this law have the following values:
* the natural monopoly - condition of the goods market in case of which the satisfaction of demand is more effective in the conditions of lack of the competition owing to technological features of production and made (realized) subjects of monopoly goods cannot be replaced in case of consumption with other goods.
* the subject of natural monopoly - the business entity who is engaged in production (realization) of goods in the conditions of natural monopoly;
* the consumer - the physical person or legal entity acquiring made (realized) subject of natural monopoly goods.
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The document ceased to be valid since July 1, 2024 according to article 2 of the Law of the Azerbaijan Republic of December 8, 2023 No. 1051-VIQ