Successfully helped Client receiving their outstanding payment under L/C for cross-border shipment from a local Bank

31/08/2023 | admin2019 | Commercial, Dispute Resolution, International

We are pleased to announce that we have successfully helped our client, a multinational corporation (MNC) with a representative office in Bangladesh, receive their outstanding payment under a letter of credit (L/C) from a local bank. The payment was for a cross-border international shipment of goods consisting of industrial-grade sewing machines. The MNC had been waiting for payment of their... Read More

SEMINAR ON INVESTMENT OPTIONS (INSIDE SPECIALIZES ZONES VS OUTSIDE) & RELATED LEGAL ISSUES

17/08/2023 | admin2019 | Seminars / Webinars / Conferences, Corporate, Investment, Taxes & Finance

Several tax benefits are provided under the Finance Act 2022, for the mobile manufacturers. Besides, the Companies with less than Tk. 100 crore turnover and so on, who are working towards deployment or commercialization of new products, process or service driven by innovation, development and technology or intellectual property are given start up status who will be taxed at... Read More

Docking of an 8.5-meter draft ship at Mongla Port for the very first time

07/08/2023 | admin2019 | Uncategorized

Summary For the first time in the history of Mongla Port, an 8.5 meter draft ship arrived at Mongla Seaport following the dredging at the Pashur Channel and the Mongla-Ghashiakhali Channel being completed on the 4th of August 2023, mere days earlier. Content Since the opening of the Padma Bridge last year, export and import through the Mongla Sea Port have improved.... Read More

Additional time granted to Exporters for bringing home export proceeds

07/08/2023 | admin2019 | Banking, International, Investment

Summary According to the authority, The Central Bank of Bangladesh is willing to give a proposal by offering Exporters 210 days to repatriate proceeds from exported products. The initial purpose of this proposal is to make better competitiveness of Bangladeshi products in foreign markets, however, it’ll raise the foreign currency reserve. Content To lower the burden on the forex reserve, the... Read More

SEMINAR ON VAT, TAX & CUSTOMS DISPUTES

13/07/2023 | admin2019 | Seminars / Webinars / Conferences, Construction, Dispute Resolution

VAT, Tax and Customs related legal disputes are complex & often require specialized knowledge. There are different forums available for resolution of disputes. One of the big challenges involving taxation matters is that the laws & regulations are constantly changing. Under the Finance Act 2023 a new income tax at source on transferring of property is now payable. A new digital... Read More

Upcoming Webinar organized by SARCO on “Arbitration in Bangladesh” to be held on 20th of June, 2023

28/05/2023 | admin2019 | Seminars / Webinars / Conferences, Arbitration, Dispute Resolution

The SAARC Arbitration Council (SARCO) has organized a Webinar titled: "Arbitration in Bangladesh: Navigating the Legal Landscape and key institutional developments" to be held on the 20th of June 2023, 3.00 - 3.30 pm (Bangladesh Time) to provide a holistic overview of the legal and institutional developments relating to Arbitration in Bangladesh. We are pleased to announce that our esteemed Head... Read More

SEMINAR ON INFRASTRUCTURE CONSTRUCTION & ENGINEERING DISPUTES

28/05/2023 | admin2019 | Seminars / Webinars / Conferences, Construction, Dispute Resolution

Number of Complex construction disputes involving infrastructure projects are rising. Responsibility of the employer and the bidder and successful tenderer on conducting pre-bid feasibility study of the project site is often confusing as the tender document often do not clearly address the issue. If a major flaw is found at later stages on selection of site etc, both employer and... Read More

BIAC and CLDP jointly hosted a seminar on International Commercial Arbitration

08/05/2023 | admin2019 | Arbitration, Commercial, Corporate

Summary: Arbitration is an expeditious and practicable methodology for resolving a commercial dispute. This is also a private strategy and out of the judiciary courts, Contemporarily, the Commercial Law Development Program (CLDP) and Bangladesh International Arbitration Centre (BIAC) cooperatively categorized a programme for International Commercial Arbitration. Principally, BIAC is the foundation or convention which conducts arbitration mechanisms in Bangladesh. And... Read More

Arbitration that is reasonable and inexpensive is used to settle trade disputes more frequently than litigation.

08/05/2023 | admin2019 | Commercial, Corporate, Dispute Resolution

Summary: Bangladesh's commerce sector is expanding day by day despite numerous disagreements that are occurring in between. Most businessmen use arbitration as a method of resolving any conflict that arises outside of court. Arbitration is favored as a faster and cheaper alternative to litigation. Content: A Bangladeshi company called Khan IT and Services had been receiving computer accessories from a Singapore-based company... Read More

HYBRID SEMINAR ON SHAREHOLDING, DIRECTORSHIP, CORPORATE COMPLIANCES & DISPUTES

07/05/2023 | admin2019 | Seminars / Webinars / Conferences, Corporate, Investment, Taxes & Finance

Under the new Budget, the 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, the capital gain arising from any transfer of capital... Read More