HYBRID SEMINAR ON LDC GRADUATION OF BANGLADESH & INTERNATIONAL LAW

March 13, 2023 | | Labour & Human Rights, Seminars / Webinars / Conferences, Corporate, International, Investment

International law usually falls into two different categories. Public International law and Private international law. Public international law is the set of rules, agreements, and treaties that are binding between countries. It generally comes from three sources: treaties, customs, and general principles of law. Public international law concerns the relationships between nations and international organizations. Private international law, on... Read More

A seminar of International Commercial Arbitration held by CLDP and BIAC.

March 9, 2023 | | Corporate, Dispute Resolution, International

Summary:  Arbitration is a quick and reasonable procedure for settling a commercial dispute. This is also a private procedure and out of the judiciary courts, Recently, Commercial Law Development Program (CLDP) and Bangladesh International Arbitration Centre (BIAC) jointly organized a program for International Commercial Arbitration. BIAC is the institution that works for arbitration mechanisms in Bangladesh. And CLDP, a section... Read More

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

HYBRID SEMINAR ON VAT, TAX & CUSTOMS DISPUTES

November 2, 2022 | | Seminars / Webinars / Conferences, Corporate, Taxes & Finance

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

Parliament passes Finance Bill with Corporate tax slashed by 2.5%

July 7, 2022 | | Commercial, Corporate, Taxes & Finance

Summary: Parliament passed some much-debated provisions regarding the Finance Bill 2022, to grant legal cover to a new national budget which should have been more welfare-oriented in the crisis time than growth-centric. Content: In the new fiscal measures the amnesty for whitening offshore movable assets and a cap of Tk 3.6 million as the allowable limit for cash transactions for corporate taxpayers. Whereas,... Read More

Bangladesh Bank suggests Banks take insurance coverage

May 22, 2022 | | Banking, Finance, Corporate

SUMMARY: The banks have been advised by the Bangladesh Bank to take insurance coverage against their financing to exports in an attempt to cut down menace of loans. CONTEXT:  The central bank published a circular to encourage banks to secure their financing through insurance coverage under credit guarantee strategy which is locally accessible from insurance companies. This will provide banks with... Read More

Move to recognize third party under RJSC

March 28, 2022 | | Commercial, Corporate, Investment

Summary:  The government plans to put third parties under the Registrar of Joint Stock Companies and Firms (RJSC) Monitoring third-party participation in the registration process will help to prevent excessive fees from being charged and lower the cost of doing business, officials say. Officials stated the MoC recently abandoned its plan to adjust the Office of Chief Controller of Imports... Read More

Companies Act to be rewritten this year.

March 12, 2022 | | Commercial, Corporate

SUMMARY: The commerce ministry will be ameliorating the companies act this year in an effort to make it absolute and time-befitting. Tapan Kanti Ghosh, senior secretary to the commerce ministry, expressed that the former companies act had a deficiency in it as it prevented all the stakeholders from arriving at solidarity. He added that they are anticipating that the adapted act... Read More

Database on bond defaulters on card

February 14, 2022 | | Capital Market, Corporate

SUMMARY: An initiative to develop a database on defaulters of bond has been taken by the Bangladesh Securities and Exchange Commission in order to keep a record of it. CONTENT: The Bangladesh Securities and Exchange Commission (BSEC) will redraft the Debt Securities Rules 2021 so as to incorporate the clause of the matter concerning bond defaulters. Issuing of bonds in a company obligates... Read More

Bangladesh to revise Double Taxation Treaties

February 14, 2022 | | Corporate, International, Taxes & Finance

Summary: The tax authority of Bangladesh has taken measures to redraft the existing DTAA in order to assimilate it with advanced protocols. The DTAA (Double Taxation Avoidance Agreement) simultaneously guarantees that an individual does not have to pay tax twice in two countries and also that he/she does not avoid paying taxes in all. This agreement is to be modernized... Read More

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