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
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
Number of Complex construction disputes involving infrastructure projects is rising. Responsibility of the employer and the bidder and successful tenderer in conducting a pre-bid feasibility study of the project site is often confusing as the tender document often does not clearly address the issue. If a major flaw is found at later stages on the selection of site etc,... Read More
Summary: Brazil had signed the ‘Singapore Convention of Mediation’ on 4th June at the United Nations headquarters in New York. This Convention consists of the UNCITRAL Model Law and the key provisions lie in the first ten articles. Brazil is the fifty-fourth signing state of this multilateral treaty. Content: In the era of nascent International trade and investment, it was highly important to... Read More
Source: The Daily Star [Source; The Daily Star] A ray of hope has emerged for the laid-off, disabled and insolvent workers of export-oriented garment, leather and footwear manufacturing factories as the government has initiated a scheme to extend financial support to them. The government would pay Tk 3,000 per month to a worker for three months under the scheme, backed by... Read More
COVID-19: COLLISION RISK AT CHITTAGONG PORT, BANGLADESH The width of the navigational channel of the Karnaphuli river varies from place to place. The propelling distance from the pilot ground at the outer anchorage to the main jetties of Chittagong port is approximately 11 nautical miles. In the navigational channel, there are three bars namely the Outer Bar, the Inner Bar... Read More
Rahman's Chambers congratulates our client on finally getting repossession of their Banani house after two decades of legal battle For Full News, please click here. Read More
Rahman’s Chambers was the Legal Counsel of the very first arbitration conducted and awarded under the Bangladesh International Arbitration Center Rule. In the local arbitration, the Chambers represented the claimant, a Japanese investor in a dispute involving acquisition of leasehold interest in an EPZ land against a local company of Bangladesh. Mr. Mohammed Forrukh Rahman was lead counsel for... Read More
