BIAC – BIAC

Welcome to Bangladesh International Arbitration Centre

Bangladesh International Arbitration Centre (BIAC) is the first international arbitration institution of the country. It is registered as a not-for-profit organization and commenced operations in April 2011 under a license from the Government. The International Chamber of Commerce-Bangladesh (ICC-B), Dhaka Chamber of Commerce & Industry (DCCI) and Metropolitan Chamber of Commerce & Industry (MCCI), Dhaka are sponsors of BIAC. The International Finance Corporation (IFC) – the private sector arm of The World Bank – with funds from UK Aid and European Union, had supported BIAC in the initial stages under a co-operation agreement. BIAC provides a neutral, efficient and reliable dispute resolution service in this emerging hub of South Asia’s industrial and commercial activity. BIAC introduced its Arbitration Rules in April 2012 and Mediation Rules in 2014 both of which have been updated in 2019. These Rules incorporate some of the leading developments in domestic and international arbitration, while conforming to the Bangladesh Arbitration Act 2001. BIAC is renowned for its first-rate, state-of-the-art arbitration facilities, experienced panel of independent arbitrators, list of mediators and excellence in serving its clients. Discover from these pages why businesses increasingly choose to arbitrate and mediate in BIAC.

BIAC to reopen on 31 May 2020

After nearly 10 weeks of unprecedented shutdown in our memory, BIAC is going to reopen on 31 May 2020. Until further orders our office hours will be from 11.00 am to 3.30 pm, from Sunday to Thursday. For any queries please feel free to contact us via email at info@biac.org.bd or biac.org.bd@gmail.com or by phone: +8802 5513 8092-93; Cell: 01716 482615 (Rubaiya Ehsan Karishma), 01710 427882 (Syed Shahidul Alam).

The current crisis of the lethal pandemic COVID-19 has taught us the value of being prepared for pandemics. As the world emerges from the current pandemic, the world of work will make some fundamental shifts that address physical and emotional challenges. This means having policies and practices ready to go when needed. BIAC has reacted to the current crisis and the future ‘new normal’ for the handling of dispute resolution, not only under the existing BIAC Rules, but also by quickly converting cases, originally slated to be in person, to the virtual, cost effective and efficient system that allows cases to be arbitrated and mediated through the use of Virtual ADR Methods. We are committed to exert our best efforts to make BIAC the indispensable hub of ADR in Bangladesh.

BIAC Remembers Mrs. Niloufer Manzur

We are deeply saddened at the sudden demise of the Mrs. Niloufer Manzur, wife of Syed Manzur Elahi and mother of Syed Nasim Manzur. Messrs. Manzur Elahi and Nasim Manzur are well-wishers of BIAC and have been supporting our cause since inception.

Mrs. Manzur’s passing away is a great loss for the country, particularly for those who know her contributions to the community and the nation. An enlightened human being and an educationist, who set up one of the finest schools in the country. She lives on through the diaspora of her students all over the world.

This victory sends a clear message to foreign investors

Bangladesh has won an international arbitration on February 28 against Niko, the Canadian company responsible for the blowout in the Chhatak gas field (Tengratila neighbourhoods) in Sunamganj in 2005.

Counsel representing Bangladesh against Niko said in a recently published interview

“The timely and priceless support from the prime minister, the law minister, the state minister for energy and top energy sector officials made the [victory over Niko] possible.

International arbitration cases are often complex and require special expertise. ….. all developing nations, not just Bangladesh, often face an uphill task in successfully defending cases before international tribunals. This is where the question of leadership comes in. Without effective political will and leadership the sovereign states generally lose out.”

For details

When Contracts Have No Meaning

“My point is, after all of this is done, after business has returned to normal—a new normal, one might guess—Bangladesh’s RMG sector needs to seriously consider the issue of contracts and purchasing practices generally. We simply cannot go on like this. What is the point of our industry having so many millions of dollars’ worth of purchase orders with brands if, when push comes to shove, these contracts, these purchase orders, count for absolutely nothing? They are not worth the paper they are written on.”

Mr. Mostafiz Uddin, Managing Director of Denim Expert Limited and Founder and CEO of Bangladesh Denim Expo and Bangladesh Apparel Exchange (BAE).

Can ADR be a way out in the new normal? Watch out for an expert discussion in the BIAC Webinar. Coming Soon!

https://www.thedailystar.net/opinion/rmg-notes/news/when-contracts-have-no-meaning-1897003

Welcome to Bangladesh International Arbitration Centre

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BIAC to reopen on 31 May 2020

BIAC Remembers Mrs. Niloufer Manzur

This victory sends a clear message to foreign investors

When Contracts Have No Meaning

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