05Mar
30Dec
Additional sanctions related to price caps have been imposed by the Treasury
Summary: On December 1, 2023, the United States Department of Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on three entities. Additionally, three vessels that carried Russian crude oil above the Coalition-agreed price cap while using Price Cap Coalition services are identified as blocked...
30Dec
The misuse of bonds has nearly halved in Bangladesh, resulting in savings of $1.45 billion during the period of July to September
Summary The government granted tax concessions of approximately Tk1 lakh crore on raw material imports under the bond facility in FY2022-23, resulting in a reduction worth $1.45 billion in the first quarter of the present financial year. During the first three months of the current fiscal...
30Dec
DCCI has requested for a dedicated High Court bench to deal with cases related to companies
Summary: A more efficient, transparent, and business-friendly regulatory environment in Bangladesh is being recommended by the Dhaka Chamber of Commerce & Industry (DCCI) through the establishment of a specialized High Court division that will handle company disputes within a period of 120 days. Content: A recent seminar on...
30Dec
A new wage structure for RMG will come into effect from 1st December, according to State Minister for Labour & Employment
Summary: The new wage structure for the readymade garment workers is expected to be finalized by the 30th of November, according to Begum Monnujan Sufian, the State Minister for Labour and Employment. The new structure will become effective from the 1st of December this year. The...
21Nov
Congratulations to China Road and Bridge Corporation on the opening of the Patenga Container Terminal
Congratulations to our client, China Road and Bridge Corporation, on the opening of the Patenga Container Terminal in Chattogram, Bangladesh! We are proud to have acted as CRBC's retainer on this landmark project, which is one of the largest and most important infrastructure projects in Bangladesh. The...
29Oct
15% capital gain tax on Sell of land is expected to be revoked
Summary: The draft regulatory order has been approved by Finance Minister AHM Mustafa Kamal and is presently under vetting at the law ministry. As per the latest updates, the government is expected to revoke the newly introduced 15% tax on profits or capital gains earned from...
09Oct
Rwanda accedes to the UN Convention on Contracts for the International Sale of Goods
Summary: Rwanda has officially become a State Party to the United Nations Convention on Contracts for the International Sale of Goods (CISG), making it the 97th country to join. As of October 1st, 2024, the Convention will be fully effective in Rwanda. Content: The CISG is a set...
07Oct
No compensation will be given by CPA for cargo damage
Summary The Chittagong Port Authority (CPA) has recently announced that they will not be liable for any compensation claims made by port users who have suffered damages as a result of the heavy rainfall and severe floods in the port areas since 5th August. Content The Chittagong Port...
07Oct