Setting up an Uniform Dollar Rate

Summary  Due to several interrelated variables, including increase in imports, increase in international travels, moderate exports and a decline in remittances, the value of US dollar is rising high in Bangladesh which may put an inflationary pressure on Bangladesh. Content  The exchange rate of dollar has suggested the...

SEMINAR ON INFRASTRUCTURE CONSTRUCTION & ENGINEERING DISPUTES

Number of Complex construction disputes involving infrastructure projects is rising. Responsibility of the employer and the bidder and successful tenderer in conducting a pre-bid feasibility study of the project site is often confusing as the tender document often does not clearly address the issue. If...

Parliament passes Finance Bill with Corporate tax slashed by 2.5%

Summary: Parliament passed some much-debated provisions regarding the Finance Bill 2022, to grant legal cover to a new national budget which should have been more welfare-oriented in the crisis time than growth-centric. Content: In the new fiscal measures the amnesty for whitening offshore movable assets and a cap...

Kazakhstan ratifies the Singapore Convention on Mediation

With the deposit of the instrument of ratification at the UN Headquarters in New York, Kazakhstan becomes the tenth State Party to the United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the "Singapore Convention on Mediation". The ratification by Kazakhstan...

Bangladesh Bank suggests Banks take insurance coverage

SUMMARY: The banks have been advised by the Bangladesh Bank to take insurance coverage against their financing to exports in an attempt to cut down menace of loans. CONTEXT:  The central bank published a circular to encourage banks to secure their financing through insurance coverage under credit...

China deposits declaration of territorial application of the United Nations Convention on Contracts for the International Sale of Goods to Hong Kong SAR

Summary: China deposited a declaration of extension of the territorial application of the United Nations Convention on Contracts for the International Sale of Goods (CISG) to Hong Kong, Special Administrative Region of China (“the HKSAR”) on 5 May 2022. Content: CISG applicable to Hong Kong SAR as of...
Translate »