Summary: The share price graph of Alphabet is facing an unsteady movement due to a United States judge's ruling that Google’s search business was an illegal monopoly. It also raises concerns about unexpected competition due to generative artificial intelligence like ChatGPT and other AI. It is assumed that the Department of Justice (DOJ) may file proposed remedies to redress historical... Read More
Summary: On July 2, 2024, at UN Headquarters in New York, the European Union signed the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration, also known as the "Mauritius Convention on Transparency". The European Union's signature on the Convention creates the opportunity for Member States to ratify, accede to, or accept it. The signing coincides with the 10th-anniversary celebration... Read More
Summary: Rather than suing the defaulting consumers, the central bank has instructed banks to use Alternative Dispute Resolution (ADR) to collect defaulted loans. The Bangladesh Bank issued an order on May 12, 2024, requiring all banks to recover at least 1% of their defaulted loans through alternative dispute resolution (ADR) by June 30, 2026. To carry out the program, the... Read More
Summary: China complained against the U.S. Inflation Reduction Act to the World Trade Organization, claiming it was unfair and obstructed fair competition. President Biden signed the Inflation Reduction Act into law in August 2022. As a result, starting in 2024, American consumers who purchase automobiles with battery components from a "foreign entity of concern" will not be eligible for the... Read More
Summary: Information about the reopening of ICC's Hearing Center in Paris has been made public. The 17th arrondissement's rue Legendre will house the ICC Hearing Center. It will have two sets of hearing and breakout rooms spread out over one level, with the option to add a third to accommodate overflow. The cutting-edge facilities are set up to offer first-rate... Read More
Summary The specialized unit for large taxpayers of the National Board of Revenue has recently advocated for alternative dispute resolution (ADR) as a means of resolving tax-related disputes for large corporations in the country. The unit has emphasized that opting for ADR can lead to a mutually beneficial outcome for all parties involved. By resorting to this mechanism, large corporations... Read More
Summary The U.S. attorney for the Southern District of New York has announced an initiative. The pilot program launched by the U.S. Attorney’s Office in Manhattan aims to provide individuals with an incentive to report and cooperate with authorities to prosecute criminal conduct. Content The U.S. Attorney’s Office for the Southern District of New York has announced a new program aimed at... Read More
Summary: The Dhaka Stock Exchange (DSE) is set to distribute compensation to customers of four brokerage firms from the Investors' Protection Fund established almost a decade ago. Content: As per the Dhaka Stock Exchange (DSE), 8,561 customers have filed claims amounting to more than Tk200 crore until 1st October this year. However, for now, the DSE will disburse Tk25 crore, which is... Read More
Summary Japan became the twelfth State Party to the United Nations Convention on International Settlement Agreements Resulting from Mediation, also referred to as the "Singapore Convention on Mediation", by depositing the instrument of accession at the UN Headquarters in New York. Content The accession by Japan was effected on 1st October 2023; However, the Convention will become effective for Japan on... Read More
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 Authority (CPA) issued a notification last week as they anticipated prospective claims due to... Read More
