NRBs can now park their funds in FDR, DPS

Non-resident Bangladeshis (NRBs) can now keep their funds in the form of Fixed Deposit Receipts (FDR) and Deposit Plus Schemes (DPS) with local lenders following a central bank directive yesterday. Earlier, the NRBs were allowed to open savings or current accounts with banks but did...

Chinese Yabang set to invest $300m

China's Yabang Group is set to invest $300 million in establishing textile and chemical industries in Bangladesh's economic zone, a top official said. The leading Chinese dye and paint manufacturer will establish industrial units on 100 acres at Bangabandhu Sheikh Mujib Shilpanagar (BSMSN), a flagship project...

BSEC moves to speed up IPO approval process

The Bangladesh Securities and Exchange Commission has moved to ease and speed up the initial public offering approval process with a view to increasing the depth of the country’s stock market and the fund flow to the market. The stock market regulator formed a committee last...

HK co plans to set up private economic zone in Bangladesh

HONG KONG, Jul 24 : Evergreen Products Group Limited, an investment holding company based in Hong Kong, intends to convert the land owned by the group at northern part of Bangladesh to a private economic zone, according to a report published on https://us.acrofan.com The group will...

Cabinet okays draft law on formation of one-person company

The cabinet on Monday gave the final approval to a draft law with a provision allowing formation of a company by one entrepreneur to attract more investments and improve the country’s position as regards ease of doing business. The commerce ministry placed the draft Companies (2nd...

Very First Arbitration Award under BIAC rule

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...

Newsletter-Vol 2-2018

INVESTMENT ARBITRATION OF BANGLADESH Over centuries it is a well-established international principle that every state is entitled to enjoy absolute immunity against trial (Jurisdiction) & Judgment & Order (Execution) of any foreign Court. Actions against state as a party to a foreign procedure could only be...
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