A seminar of International Commercial Arbitration held by CLDP and BIAC.

09/03/2023 | Rahmans Chamber | Corporate, Dispute Resolution, International

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 of... Read More

More trade disputes are resolved out of the court for reasonable and affordable arbitration.

08/12/2022 | Rahmans Chamber | Arbitration, Commercial, Corporate

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 giving... Read More

The number of default loan breaks all the past records in Bangladesh

08/12/2022 | Rahmans Chamber | Banking, Finance, Covid-19

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 After the concession made in the collection of bank loans was withdrawn due to Covid-19, loan defaults began to rise, and in the last nine months the rising amount of BDT 31, 122 crores, despite the abundance of available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 current... Read More

HYBRID SEMINAR ON DISPUTES INVOLVING CHARTERPARTY IN BANGLADESH

05/12/2022 | Rahmans Chamber | Seminars / Webinars / Conferences, Shipping

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 for... Read More

BB orders to tighten monitoring to stop crypto currency transactions

24/11/2022 | Rahmans Chamber | Banking, Finance, Commercial

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 this... Read More

India’s tariff body for anti-dumping duty

24/11/2022 | Rahmans Chamber | Commercial, International, Taxes & Finance

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. This... Read More

A money changer cannot hold more than Tk 50 lakh at a time.

24/11/2022 | Rahmans Chamber | Banking, Finance, Commercial

SUMMARY Bangladesh`s central bank has made it clear how much cash money changers are allowed to keep. Money changers that deal in foreign cash currency in the domestic market may hold a maximum of Tk 50 lakh on hand. The country's reserves have been dropping, and banks have been experiencing a shortage of liquid dollars. CONTENT According to a directive provided in a... Read More

Exporters to induce more time to bring domestic continues

24/11/2022 | Rahmans Chamber | Banking, Commercial, International

SUMMARY: Bangladesh Bank is set to extend the due date for repatriating trade incomes by six months. It is additionally amplifying the usance period for imports by an extra six months and giving money-related motivations to settlements made by Bangladeshi troops serving UN missions in arrange to soothe the burden on outside trade saves. The Bangladesh Bank reports that the nation's... Read More

BB eases rules on loans to exporters

24/11/2022 | Rahmans Chamber | Banking, Finance, Commercial

SUMMARY The Bangladesh Bank (BB) eased conditions on single borrowers and large loan exposure limits. Restrictions will not apply in case of credit facilities provided to the government or against government guarantees. The circular will come into force immediately, according to a circular issued by the central bank. CONTENT To extend support in Industrial expansion and guarantee competitive financing, the Bangladesh Bank (BB)... Read More

HYBRID SEMINAR ON VAT, TAX & CUSTOMS DISPUTES

02/11/2022 | Rahmans Chamber | Seminars / Webinars / Conferences, Corporate, Taxes & Finance

Under the new Budget, 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, capital gain arising from any transfer of capital asset in a scheme... Read More