Mergers and Acquisitions (M&A) are strategic transactions where financial institutions are combined or consolidated. In a merger, two banks agree to integrate their operations into a single, new entity. In an acquisition, a larger institution acquires a majority stake in a target company, often retaining the legal identity of the acquired entity. In the modern financial landscape, M&A is a... Read More
The landscape of Intellectual Property (IP) rights and laws in Bangladesh has undergone significant reforms over the past few years. For over a century, the cornerstone of IP law and rights was enshrined within the Patents and Designs Act, 1911; an inherited legislation and a relic of the British colonial era, which governed both patents and designs under a single framework. While it... Read More
Real estate and property-related legal issues can be divided into (a) freehold land and buildings matters, (b) leasehold land and building matters, and (c) real estate development matters. Before the acquisition, purchase of land, or long-term lease for commercial purpose, clients often require a comprehensive due diligence report on several complex matters involving authenticity, title, possession & history of... Read More
The Bangladesh Securities and Exchange Commission (BSEC) is making an effort to improve corporate governance. The BSEC has created a pool of independent service providers to monitor general meetings of listed companies. This is being done to ensure that investors' rights are protected and that companies comply with regulations. Additionally, the BSEC has asked previously non-compliant companies to comply... Read More
The global maritime industry thrives on the intricate dance between shipowners and charterers. This vital partnership is governed by charterparties, contracts that define the terms for the use of a vessel. However, the complex nature of these agreements, coupled with the ever-changing dynamics of seafaring, can give rise to disputes. These disputes can be costly, time-consuming, and disrupt the... Read More
We are pleased to announce our Head of Chambers' addition to the prestigious Singapore Chamber of Maritime Arbitration (SCMA) Panel of Arbitrators. The profile is currently up on the SCMA’s website and accessible here. Read More
Our esteemed Head of Chambers, Mr. Mohammed Forrukh Rahman was recently invited as a guest speaker at a Seminar hosted by SAARC Arbitration Council (SARCO) in collaboration with the Bangladesh International Arbitration Centre (BIAC) on "Elevating Bangladesh's Trade and Commerce: ADR's Role in Navigating Disputes and Strengthening SAARC Partnerships" on the 26th of October 2024, held at the InterContinental,... Read More
Summary Bangladesh Bank has issued a circular through which it tries to combat the recent increasing number of cyberattacks on the banking sector by requesting commercial lenders to implement a 17-point anti-heist measure. The central bank has overseen some illicit transactions on Facebook ad managers in some banks by dual-currency cards. The central bank also warns the bank that the... Read More
Summary Banks in Bangladesh do not require any permission from Bangladesh Bank to process import payments for internet bandwidth and other related services from now on. The central bank already issued a circular that allows banks to make payments abroad without requiring its permission. However, banks must maintain some specifications, like obtaining applications from importers, which include required documents, invoices,... Read More
Summary The Bangladesh Bank has made things easy for industrial imports by letting importers use a letter of agreement instead of a traditional letter of credit (LC). This directive intends to facilitate imports into designated economic zones, such as Export Processing Zones and Economic Zones. From the time being importers are allowed to secure short-term foreign loans to mitigate their... Read More
