We are pleased to announce that we have successfully resolved a long-standing maritime dispute between the owner of a foreign vessel and the Bangladesh Navy. The vessel collided with a naval frigate in 2017, and the dispute over liability and damages had been ongoing for several years. The dispute was particularly difficult due to its sensitivity, as it also involved... Read More

Summary  For the first time in the history of Mongla Port, an 8.5 meter draft ship arrived at Mongla Seaport following the dredging at the Pashur Channel and the Mongla-Ghashiakhali Channel being completed on the 4th of August 2023, mere days earlier. Content Since the opening of the Padma Bridge last year, export and import through the Mongla Sea Port have improved.... Read More

Summary  Due to several interrelated variables, including increase in imports, increase in international travels, moderate exports and a decline in remittances, the value of US dollar is rising high in Bangladesh which may put an inflationary pressure on Bangladesh. Content  The exchange rate of dollar has suggested the current state of the economy. The US dollar rate was in a stagnant state.... Read More

With the deposit of the instrument of ratification at the UN Headquarters in New York, Kazakhstan becomes the tenth State Party to the United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the "Singapore Convention on Mediation". The ratification by Kazakhstan was effected on 23 May 2022 and the Convention will enter into force for... Read More

Summary: China deposited a declaration of extension of the territorial application of the United Nations Convention on Contracts for the International Sale of Goods (CISG) to Hong Kong, Special Administrative Region of China (“the HKSAR”) on 5 May 2022. Content: CISG applicable to Hong Kong SAR as of 1 December 2022  The territorial application will take effect on 1 December 2022 according to... Read More

Summary: Turkmenistan has acceded to both the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (also commonly known as the “New York Convention”) and the United Nations Convention on Contracts for the International Sale of Goods (the “CISG”).  Content: The New York Convention With its accession to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, effected on 4... Read More

SUMMARY: Bangladesh to embark on the long-anticipated universal pension scheme within 6 months to 1 year which will be open to all save the public servants.  The government chalks out to launch the universal pension scheme in order to maintain its pledge of providing a safe and sound life to senior figures, particularly after the age of 60 which is... Read More

We are pleased to share the news that the Council of Shenzhen Court of International Arbitration (SCIA) has engaged our esteemed Head of Chambers, Mohammed Forrukh Rahman, as an arbitrator of SCIA and included him in the SCIA Panel of Arbitrators with a term of three years from 21 February 2022 to 20 February 2025. SCIA is the first... Read More