04May
11Apr
Textile sectors will be allowed to take subcontractors
Summary Bangladesh government has allowed taking the facility of subcontractors like the Ready-Made Garments ("RMG") industry because some large industries are burdensome with a large number of export orders while the medium and small companies can not wield their resources. This facility along with the guidelines...
11Apr
Foreign Exchange Policy changes its guidelines; allows Shipping Agents to get higher Commission
Bangladesh Bank allowed shipping agents to charge a higher commission in the import of goods. However, the commission in the cases of export shipments is kept unchanged. The new commission will take effect from the 1st of April this year. The foreign exchange Policy Department of...
31Mar
SIAC Sets a New Record in 2020
The Singapore International Arbitration Centre (SIAC) is pleased to announce the official release of its 2020 Annual Report. 2020 saw SIAC set a new record with 1,080 new case filings. This is the first time that SIAC’s caseload has crossed the 1000-case threshold. Of the 1,080...
31Mar
Bangladesh Bank is Requested to Remove the Bar on Dividend Limits for NBFIs
Summary: On February 7th, 2021, Bangladesh Bank (BB), the central bank of the country declared a dividend policy for banks for 2020 in light of the challenges that the outbreak of coronavirus posed which allowed them to reward their shareholders based on the strength of the...
31Mar
High Court Division Of The Supreme Court Of Bangladesh Determined Jurisdictional Court For Cases Regarding Article 138 Of The Negotiable Instruments Act 1881
Summary: The Hon'ble High Court Division of the Supreme Court of Bangladesh has published circular no- 02-2021 dated 08-03-2021 determining the jurisdictional court for cases under article 138 of the Negotiable Instruments Act 1881. This concerns the landmark judgment in the last check case dated 18.10.2020....
10Mar
Bangladesh’s Progress to be a New Economic Leader in South Asia
Summary: Bangladesh achieved an economic landmark last week when the United Nations Committee for Development Policy (CDP) recommended that the country graduate from the least-developed-country categorization that it held for the 50 years since its independence. Consequently, the Wall Street Journal (WSJ) has admired Bangladesh for...
07Mar
Seminar on Construction and Engineering Disputes (Maintaining Social Distance)
Constructions of different public projects such as bridges, power plants, LNG terminals, roads, flyovers, railways, dams, seaports, river ports & private projects have been greatly affected by the onset of COVID-19 in Bangladesh and around the world. The progress of work has been significantly delayed...
24Feb
BSEC unveils draft rule to form stock market stabilisation fund
[Source: TBS] Aiming to provide liquidity support to the capital market, the Bangladesh Securities and Exchange Commission (BSEC) will form a fund with the unpaid dividends. The fund will be run under the name of Stock Market Stabilisation Fund. The BSEC claimed that there are dividends...
13Jan