01Jun
05Mar
Extension granted until 2029 to enjoy duty-free as WTO member amidst challenges
Summary: At the 13th WTO Ministerial Conference in Abu Dhabi, Bangladesh successfully negotiated a three-year extension of duty-free market access following its graduation to a developing nation in 2026. Supported by 166 WTO members, this extension ensures continued access to LDC-specific technical assistance and capacity-building programs....
05Mar
A new initiative has been introduced by the U.S. Attorney in Manhattan, which aims to promote more self-disclosure.
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...
05Mar
The business climate’s uncertainty is causing a decline in new company registrations.
Summary Aspiring entrepreneurs in Bangladesh are encountering significant challenges, as the country's business environment is being stifled by political instability and worldwide uncertainties. The number of registered corporations has declined, and only a small minority of them can successfully get off the ground. These hurdles have...
30Jan
Commencement of our Secondment Program with multinational Japanese law firm; Nishimura & Asahi
Rahman's Chambers is proud to announce the selection of Mrs. Kamrunnaher Shimu, Associate at the firm, for a prestigious secondment program, commenced on the 16th of January 2024 at Nishimura & Asahi, one of Japan's most renowned multinational law firms. This historic collaboration marks the...
30Dec
Additional sanctions related to price caps have been imposed by the Treasury
Summary: On December 1, 2023, the United States Department of Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on three entities. Additionally, three vessels that carried Russian crude oil above the Coalition-agreed price cap while using Price Cap Coalition services are identified as blocked...
30Dec
The approval for the import of 40MW hydro power from Nepal has been granted
Summary: The government recently gave the green light for the establishment of two solar power plants and the import of 40 megawatts of power from Nepal through the Indian grid, using the direct purchase method. These decisions were made in separate meetings of the Cabinet Committee...
30Dec
The misuse of bonds has nearly halved in Bangladesh, resulting in savings of $1.45 billion during the period of July to September
Summary The government granted tax concessions of approximately Tk1 lakh crore on raw material imports under the bond facility in FY2022-23, resulting in a reduction worth $1.45 billion in the first quarter of the present financial year. During the first three months of the current fiscal...
30Dec
African carbon deal is being lined up by a big oil producer Ahead of climate talks
Summary: The United Arab Emirates, a country that holds a prominent position as one of the world's largest exporters of fossil fuels, is keen on establishing itself as an influential leader in creating global carbon markets. This move comes as the country prepares to host the...
30Dec