Agreement on Fisheries Subsidies has been formally accepted by New Zealand

September 13, 2023 | | International, Investment, Shipping

Summary: New Zealand accepted the Agreement on Fisheries Subsidies on September 6th, becoming the first country from the Oceania region to do so. Trade and Export Growth Minister Damien O'Connor and Director-General Ngozi Okonjo-Iweala celebrated the achievement in a virtual meeting. New Zealand's contribution of CHF 100,048 to the WTO Fisheries Funding Mechanism was praised by DG Okonjo-Iweala.  Content: New Zealand is... Read More

Successfully helped Client receiving their outstanding payment under L/C for cross-border shipment from a local Bank

August 31, 2023 | | Commercial, Dispute Resolution, International

We are pleased to announce that we have successfully helped our client, a multinational corporation (MNC) with a representative office in Bangladesh, receive their outstanding payment under a letter of credit (L/C) from a local bank. The payment was for a cross-border international shipment of goods consisting of industrial-grade sewing machines. The MNC had been waiting for payment of their... Read More

Additional time granted to Exporters for bringing home export proceeds

August 7, 2023 | | Banking, International, Investment

Summary According to the authority, The Central Bank of Bangladesh is willing to give a proposal by offering Exporters 210 days to repatriate proceeds from exported products. The initial purpose of this proposal is to make better competitiveness of Bangladeshi products in foreign markets, however, it’ll raise the foreign currency reserve. Content To lower the burden on the forex reserve, the... Read More

Delegation for ICC’s Commission Meeting on 28 March 2023

April 25, 2023 | | Dispute Resolution, International

Mr. Mohammed Forrukh Rahman is appointed as a delegate of the ICC Commission on Arbitration and ADR in 2022 as nominated by ICC Bangladesh. This 100-year-old prestigious think tank provided the first draft of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards. (New York, 1958), commonly known as the New York Convention, which is ratified by... Read More

The Electronic Communications Convention of the United Nations can be carrying a vital role in the international Trade sector and contract.

April 25, 2023 | | Commercial, Dispute Resolution, International

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 a seventeenth state Tuvalu acceded to the United Nations Convention on the Use of... Read More

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

India’s tariff body for anti-dumping duty

November 24, 2022 | | Commercial, International, Taxes & Finance

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 all trade corrective actions, released a gazette notification in this respect on its website.... Read More

Exporters to induce more time to bring domestic continues

November 24, 2022 | | Banking, Commercial, International

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 to soothe the burden on outside trade saves. The Bangladesh Bank reports that the... Read More

PM approved the proposal to start the negotiation to sign the (CEPA)

September 27, 2022 | | International

SUMMARY According to the Indian Prime Minister, talks on a bilateral Comprehensive Economic Partnership Agreement between India and Bangladesh would shortly begin (CEPA). The main goal of the CEPA is to close the trade imbalance between the two countries, with a focus on trade in goods, services, and investment. CONTENT On August 22nd, given that both sides agreed to a joint review... Read More

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