Summary: The automation facility brought by the NBR is to maintain the status quo, as ruled by the High Court in the writ petitions filed by different warehouses. Content: The National Board of Revenue (NBR) has brought a diplomatic bonded warehouse (DBW) facility under the automated system in a bid to ensure speedy services to the diplomats and check abuse of the... Read More
An op-ed of our esteemed Head of Chambers was published in the Editorial section of the Financial Express dated 12.10.21, stating as follows: "I am writing in response to your editorial, dated October 3, 2021, on the enactment of the merger and acquisition (M&A) of banks in Bangladesh. I remember back in 2004 to 2006, I worked as a support lawyer... Read More
Summary: A total number of 46,100 factories will go under inspection carried by 138 teams at the lead of BIDA, starting in the mid of this month. Content: There have been many tragic fires and the incident of building landslides in different times in the country recently caught the attention of the nationals and the government. Following a tragic fire at the... Read More
Summary: ‘Indomitable Bangladesh-Towards Sustainable Development’ puts high hope of brightening the image of the country along with promoting Bangladeshi products. Content: In the upcoming October, Bangladesh will showcase its 50 years of achievements at an international expo in Dubai. The expo is open to the world. This information has been acquired from the Commerce Minister Tipu Munshi at a press briefing in... Read More
Summary: With the instruction of the commerce ministry and Bangladesh Bank, some banks have already withdrawn the direct payment facilities into the bank account of E-commerce companies from their customers to abide by the guidelines of escrow service. Content: Since e-commerce had started in Bangladesh, the process of advance payment from customers also had been started. Some dishonest companies had abused this... Read More
Summary: Genex Infosys has entered into a three-year agreement with Edotco Bangladesh Company to arrange for 360-degree internet of things (IOT)-based security solutions, including monitoring and theft protection. This service agreement is estimated to produce approximately BDT240mn in revenue per year upon full rollout, added the disclosure. Content: Genex Infosys is a part of the IPE Group UK, a leading outsourcing provider of customer... Read More
Summary: The Bandar Abbas Chamber (Iran), Los Angeles Area Chamber (United States), sixteen New Zealand Chambers, and thirty-one Irish Chamber now will benefit from the use of ICC’s internationally-recognized Certificate of origin (CO) label with their newly established International status as accredited members of the Certificate of origin chain which was virtually approved by forty-seven CO experts from thirty-two countries... Read More
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. The judgment of the Hon'ble High Court ended the long-running discriminatory provisions in the... Read More
Over the past ten to fifteen years, the UAE has moved to the forefront of arbitration in the MENA, having built a modern state-of-the-art arbitration infrastructure. To consolidate its position as a leading arbitration hub, the UAE has seen the adoption of the Federal Arbitration Law, which entered into effect on 16 June 2018. This publication aims to shed light... Read More
[ Source: The Wall Street Journal] Boeing Co. BA +7.23% ’s board is accused of failing to properly oversee management’s responses to two fatal 737 MAX crashes and the plane’s safety problems in a shareholders’ lawsuit that cites internal company documents. The suit, filed earlier this month in a Delaware state court, claims former Chief Executive Dennis Muilenburg misled what the plaintiffs portray as a... Read More
