More trade disputes are resolved out of the court for reasonable and affordable arbitration.

December 8, 2022 | | Arbitration, Commercial, Corporate

Summary:  Day by day the trade sector of Bangladesh is progressing through many disputes arising in between. Maximum businessmen choose the way of arbitration as a settlement option of any dispute which occurred out of the court. The reason for preferring arbitration as a settlement option is the affordable and quicker approach. Content:  A Singapore-based company named Limcon Technology Solutions had been... Read More

The ILO defers decision on Bangladesh until November

March 28, 2022 | | Labour & Human Rights, Arbitration, International

Summary: The International Labour Organization ("ILO") has postponed a judgment on whether or not to take further action against Bangladesh. Conventions 87 on freedom of association and the right to organize were allegedly suspended in Dhaka. The complainants also urged establishing a commission of inquiry on Bangladesh's failure to follow the norms. Bangladesh has been placed on notice by the... Read More

Provisions of Arbitration Act not applicable to arbitration seats in foreign countries, rules HC

March 28, 2022 | | Arbitration, Commercial, International

Summary: Bangladesh's top court has ruled that the Arbitration Act does not apply in cases where the arbitration is held in a foreign country. Accom Travels and Tours Ltd sued Oman Air for Tk 780 million after its agreements with the airline were canceled by the airline. Further proceedings in the matter are now delayed until the parties' disagreement is... Read More

Georgia ratifies the UN Convention on International Settlement Agreements Resulting from Mediation

January 17, 2022 | | Arbitration, International

The United Nations Information Service (UNIS) Vienna via a recent Press Release dated 04.01.22, announced that Georgia ratifies the United Nations Convention on International Settlement Agreements Resulting from Mediation also known as the "Singapore Convention on Mediation" with the deposit of the instrument of ratification at the UN Headquarters in New York, thereby becoming the ninth State Party under... Read More

SIAC Sets a New Record in 2020

March 31, 2021 | | Arbitration

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 cases, 1,063 (98%) were cases administered by SIAC, which is also a record. The... Read More

Newsletter-Vol 1-2016

April 22, 2020 | | Arbitration, Construction

POWER SECTOR RELATED ARBITRATION IN BANGLADESH The Globally Autonomous Theory (Sui Juris) is gaining popularity for arbitration which basically means that arbitration is a private procedure mostly based on agreement between the parties, which has nothing to do with national law and national legal system. International community supports arbitration as it is a business demand. From time to time different... Read More

Translate »