FID for giving facility to writ petitioners, loan swindlers

Eminent Economist, former BB governor Mr. Salehuddin Ahmed said, providing the relaxed loan restructuring to facility to errant borrowers who filed writ petitions not be declared defaulters and are facing ACC cases would increase the burden of bad loans. He advised the FID to encourage the state-owned commercial banks and the errant borrowers to settle issues through alternative dispute resolution system of the Bangladesh International Arbitration Centre.

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Ease of doing business: Much remains to be achieved

Bangladesh has moved up eight notches to 168 among 190 countries in the World Bank’s Ease of Doing Business index 2020. The country’s ranking was 176 last year. The improvement is an encouraging sign. A strong process that addresses commercial matters in a time-bound system is long overdue. Developed economies around the world have exclusive institutions for commercial ADR created by the government and adopted by the people.

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BIAC remembers with gratitude the support of Late Chief Justice Mahmudul Amin Chowdhury

We deeply grieve the demise of Chief Justice Mahmudul Amin Chowdhury. 

Chief Justice Chowdhury was a member of our Panel of Arbitrators and has been very supportive towards BIAC since its inception. Chief Justice Chowdhury breathed his last at his Dhanmondi residence on the 22 December 2019. He was 85 years old and has left behind two daughters, a son and a host of well-wishers. We pray to the Almighty for his eternal peace and may his family find the strength to bear this loss.