11Mar
15May
HYBRID SEMINAR ON DISPUTES INVOLVING CHARTERPARTY
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,...
09Feb
Addition of Mr. Md. Forrukh Rahman as Panel Arbitrator of SCMA
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.
17Nov
Our esteemed Head of Chambers’ speech on SARCO and BIAC’s Seminar on Elevating Bangladesh’s Trade and Commerce: ADR’s role in Navigating Disputes and Strengthening SAARC Partnerships
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...
17Nov
Regulator Raises Cyber-heist Alarm for Banks.
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...
17Nov
Central Bank Nod is Not Required for Bandwidth Import Payments.
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...
17Nov
The Central Bank of Bangladesh has simplified the import rule for industrial establishments.
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...
17Nov
Earlier FSRU Deal with Excelerate Near Payra Scrapped
Summary Excelerate Energy's proposal to construct its third floating storage and regasification unit (FSRU) near the Payra seaport in the Bay of Bengal has been unsuccessful due to the cancellation of an initial agreement. Petrobangla has sent a letter terminating the non-binding agreement, and the interim...
17Nov
Seven additional States signed the United Nations “Beijing Convention on the Judicial Sale of Ships” in Valletta
Summary: On June 19, in Valletta, Malta, the Ministry of Foreign and European Affairs and Trade of Malta, Comité Maritime International, and the United Nations Commission on International Trade Law (UNCITRAL) hosted a commemorative event for the United Nations Convention on the International Effects of Judicial...
23Mar