31Aug
08May
BIAC and CLDP jointly hosted a seminar on International Commercial Arbitration
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....
08May
Arbitration that is reasonable and inexpensive is used to settle trade disputes more frequently than litigation.
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...
25Apr
The Electronic Communications Convention of the United Nations can be carrying a vital role in the international Trade sector and contract.
Summary: Today we are all dependent on electronic communication for each sector. And the Electronic Communications Convention’s main goal is to increase the legal charity and business predictability in the use of international contracts also wants to remove the legal obstacles to using electronic communications. Being...
08Dec
More trade disputes are resolved out of the court for reasonable and affordable arbitration.
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...
24Nov
BB orders to tighten monitoring to stop crypto currency transactions
Summary The Bangladesh Bank has ordered to tighten observation to be additional cautious to prevent group action and alternative activities relating to cryptocurrencies together with bitcoin. Content The Bangladesh Bank has asked scheduled banks to not provide any support services concerning transactions of cryptocurrencies and to strengthen their...
24Nov
India’s tariff body for anti-dumping duty
Summary The Directorate General of Trade Remedies (DGTR) of India has advised the finance minister to once more apply anti-dumping duties for an additional five years on Bangladeshi exports of jute products. Content On October 10, the supreme national authority of India, which is in charge of overseeing...
24Nov
A money changer cannot hold more than Tk 50 lakh at a time.
SUMMARY Bangladesh`s central bank has made it clear how much cash money changers are allowed to keep. Money changers that deal in foreign cash currency in the domestic market may hold a maximum of Tk 50 lakh on hand. The country's reserves have been dropping, and...
24Nov
Exporters to induce more time to bring domestic continues
SUMMARY: Bangladesh Bank is set to extend the due date for repatriating trade incomes by six months. It is additionally amplifying the usance period for imports by an extra six months and giving money-related motivations to settlements made by Bangladeshi troops serving UN missions in arrange...
24Nov