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

Bangladesh Eyes FTAs with Seven Countries, Two Blocs

April 21, 2022 | | Commercial, International, Taxes & Finance

Summary: In order for signing FTAs (free trade agreements) so as to perpetuate duty-free market access to Bangladeshi products, the government is giving consideration to seven countries and two blocs as prospective partners. Content: On Sunday, the commerce ministry broadcasted a time-based action scheme on favorable market access and trade agreement with the intent to come across the obstacles of least... Read More

The ILO defers decision on Bangladesh until November

March 28, 2022 | | Labour & Human Rights, Arbitration, International

Summary: The International Labour Organization ("ILO") has postponed a judgment on whether or not to take further action against Bangladesh. Conventions 87 on freedom of association and the right to organize were allegedly suspended in Dhaka. The complainants also urged establishing a commission of inquiry on Bangladesh's failure to follow the norms. Bangladesh has been placed on notice by the... Read More

Provisions of Arbitration Act not applicable to arbitration seats in foreign countries, rules HC

March 28, 2022 | | Arbitration, Commercial, International

Summary: Bangladesh's top court has ruled that the Arbitration Act does not apply in cases where the arbitration is held in a foreign country. Accom Travels and Tours Ltd sued Oman Air for Tk 780 million after its agreements with the airline were canceled by the airline. Further proceedings in the matter are now delayed until the parties' disagreement is... 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

Georgia ratifies the UN Convention on International Settlement Agreements Resulting from Mediation

January 17, 2022 | | Arbitration, International

The United Nations Information Service (UNIS) Vienna via a recent Press Release dated 04.01.22, announced that Georgia ratifies the United Nations Convention on International Settlement Agreements Resulting from Mediation also known as the "Singapore Convention on Mediation" with the deposit of the instrument of ratification at the UN Headquarters in New York, thereby becoming the ninth State Party under... Read More

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