Baku: In exceptional cases that are contrary to national interests, Azerbaijan will purchase strategic investments, as reported by APA. This development is part of proposed amendments to the Law 'On Investment Activity,' which were discussed during a meeting of the Milli Majlis, the Azerbaijani Parliament.

According to Azeri-Press News Agency, the current law allows the state to acquire investments from investors on two primary grounds: for state needs and for requisition purposes. These include situations such as natural disasters, technological accidents, epidemics, and other emergency scenarios. In these instances, investors are compensated for the value of their investments, as outlined in Articles 13.3 and 13.4 of the law.

The proposed amendment introduces a new provision allowing the state to acquire strategically important investments to prevent exceptional circumstances that harm or contradict the national interests of Azerbaijan. This legal update provides a framework for the state to intervene and acquire investments deemed critical to the nation's interests. The process will follow the general procedure, ensuring investors receive compensation in exchange for their investments, thereby aligning with the current legal standards for state acquisition.