Glossary of Legal Terms

Main rescue and emergency response measures aimed at fire fighting Operations implemented by fire safety department on rescue of human life, property, provision of first aid to victims of fire

Majority participation share Direct or indirect ownership of shares, containing 10 or more of shareholder capital or voting shares, or entitling to influence significantly the decision making of the legal entity, which is the party to contract

Manager Person authorised, in accordance with constituent documents of debtor, to make decisions (said decisions being obligatory) concerning economic activity of debtor, including, among others, president, director, their deputies, chief accountant, and also other persons who actually control activity of debtor issuing regular instructions, or in some other way

Market barriers Barriers for restriction of access of new competitors to the market (entry barriers) and for prevention of economic subjects operating in the market to leave it (exit barriers)

Market subjects Economic subjects and administrative bodies being participants of market relationships

Means for restriction of activity Means used by economic subjects for protection and isolation of their sphere of activity from competitors in one or other market, and thus, for restriction of competition in this particular market (taking into possession resources and sale channels, joining and amalgamation of economic subjects, conclusion of agreements with the objective of division of the market, manipulations with prices, boycott against competitors, patent monopoly etc.)

Means of transportation Any facilities used for international transportation of passengers and commodities, including containers and other transport equipment

Measures of economic policy System of measures stimulating and limiting import to the Azerbaijan Republic and export from the Azerbaijan Republic of commodities and means of transportation; said measures are established based on aims of economic policy of the Azerbaijan Republic and may include quoting, licensing, limitation, establishment of maximum and minimum prices, and also other measures of control over interaction between the Azerbaijanian economy and world economy

Measures on fire safety Activities in the area of fire safety provision, including satisfaction of fire safety requirements

Medical rehabilitation The system of measures directed at rehabilitation and recovery of functional capacities of organism, disrupted as a result of congenital or acquired diseases or injuries