Under the new Budget, the shareholding percentage has been amended for amalgamation. Now shareholders holding at least 75% (previously 90%) of the value of shares in the amalgamating company (which now includes foreign companies, where there is foreign shareholding in a Bangladeshi company) become shareholders of the amalgamated company. Also, the capital gain arising from any transfer of capital... Read More
Mr. Mohammed Forrukh Rahman is appointed as a delegate of the ICC Commission on Arbitration and ADR in 2022 as nominated by ICC Bangladesh. This 100-year-old prestigious think tank provided the first draft of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards. (New York, 1958), commonly known as the New York Convention, which is ratified by... Read More
Summary: Today we are all dependent on electronic communication for each sector. And the Electronic Communications Convention’s main goal is to increase the legal charity and business predictability in the use of international contracts also wants to remove the legal obstacles to using electronic communications. Being a seventeenth state Tuvalu acceded to the United Nations Convention on the Use of... Read More
International law usually falls into two different categories. Public International law and Private international law. Public international law is the set of rules, agreements, and treaties that are binding between countries. It generally comes from three sources: treaties, customs, and general principles of law. Public international law concerns the relationships between nations and international organizations. Private international law, on... Read More
Summary: Arbitration is a quick and reasonable procedure for settling a commercial dispute. This is also a private procedure and out of the judiciary courts, Recently, Commercial Law Development Program (CLDP) and Bangladesh International Arbitration Centre (BIAC) jointly organized a program for International Commercial Arbitration. BIAC is the institution that works for arbitration mechanisms in Bangladesh. And CLDP, a section... Read More
Summary: Day by day the trade sector of Bangladesh is progressing through many disputes arising in between. Maximum businessmen choose the way of arbitration as a settlement option of any dispute which occurred out of the court. The reason for preferring arbitration as a settlement option is the affordable and quicker approach. Content: A Singapore-based company named Limcon Technology Solutions had been... Read More
Summary The economic crisis moment is started with the Covid-19 Pandemic, during that time the economic strategy collapsed globally. After the concession made in the collection of bank loans was withdrawn due to Covid-19, loan defaults began to rise, and in the last nine months the rising amount of BDT 31, 122 crores, despite the abundance of available facilities. Content Given the... Read More
Bangladesh is a maritime country with 710 KM of coastline at the vertex of the Bay of Bengal. It has two major seaports largest, and busiest one is in Chittagong and the other port is in Mongla at Khulna. Another port named Paira in Potuakhali District is under construction. Besides, a deep sea port named Matarbari Port is under construction for importing coal required... Read More
Summary The Bangladesh Bank has ordered to tighten observation to be additional cautious to prevent group action and alternative activities relating to cryptocurrencies together with bitcoin. Content The Bangladesh Bank has asked scheduled banks to not provide any support services concerning transactions of cryptocurrencies and to strengthen their observation capability to stop any such activities. The BB on weekday issued a circular during... Read More
Summary The Directorate General of Trade Remedies (DGTR) of India has advised the finance minister to once more apply anti-dumping duties for an additional five years on Bangladeshi exports of jute products. Content On October 10, the supreme national authority of India, which is in charge of overseeing all trade corrective actions, released a gazette notification in this respect on its website.... Read More
