Welcome to Bangladesh International Arbitration Centre

Bangladesh International Arbitration Centre 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. Three prominent business Chambers of Bangladesh, namely, 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, is supporting 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. 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 and excellence in serving its clients. Discover from these pages why businesses increasingly choose to arbitrate in BIAC.

Call to introduce alternative credit rating for MFIs

Speaking as a panelist, Chief Executive Officer (CEO) of Bangladesh International Arbitration Centre (BIAC) Muhammad A (Rumee) Ali said bKash has done a great deal in developing trust both in customers and the regulator.

He said that people were not comfortable with financial transactions through mobile phone, he said adding that bKash made it possible.

“They also earned trust from the regulator and made the central bank believe it is possible,” he said.

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BB may seek opinions from minister, legal experts

BB Governor Fazle Kabir presided over the meeting, where Bangladesh Law Commission Chairman ABM Khairul Haque and Bangladesh International Arbitration Centre CEO Muhammad A (Rumee) Ali were also present.

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ADR potential and realisation

Alternative Dispute Resolution (ADR) has enormous potential to resolve social, economic, professional and commercial conflicts. Compared to its potentiality its usage has been negligible. The ADR’s merits are manifold: It is cost-effective, time-saving, prompt and conclusive. Above all, it helps resolve disputes amicably. The country has been familiar with the variants of alternative conflict resolution like salish (an aberration now) or out-of-court settlement but ADR as such is now infinitely more advanced and sophisticated method of settling dispute in commercial and business world. If developed and practised in Bangladesh in parallel to the legal system, it may be hugely complementary to the Judiciary. This can happen in three important ways: Firstly, it can significantly reduce the case loads on the courts; second, through a demonstrative effect, ADR can prevent habitual litigants from forcing each other into legal trammels; third, it can foster calmer and productive social ecology.

The statistics speak volumes about the need for alternative dispute resolution. Around 3.3 million cases are pending with the courts. If the deck is not cleared off the critical mass of backlogs from here on, it is set to reach the staggering figure of 5.0 million by 2020. As if that was not enough, 55,000 cases had been pending with Artho Rin Adalats (loan courts) as of June 2017! Where there is only one judge for 2000 cases, it certainly impels an ADR role with an appropriate institutional base.

Bangladesh International Arbitration Centre (BIAC) has been at it energetically; not content with merely popularising the concept and keeping it on focus-only last year it held a roundtable titled “Creating investment-friendly access; Can ADR be remedy in commercial disputes.” On last Thursday through a dialogue attended by experts and stake-holders, the need for introducing ADR courses in legal education was underscored. Teaching and promoting ADR at undergraduate and university levels are considered important as it will help foster a culture where litigation would be looked down upon with preference shown to civilised conduct of business. Aiming mindset change at the receiving end could not bring in the desired transformation towards adoption of ADR. What is central to the mission is the legal education system providing space to alternative dispute resolution in the curricula out of a sense of a noble purpose. The study of law has a higher mission for what clearly is set to render the court system free to act as an antidote to justice delayed being justice denied.

The BIAC can be credited with having facilitated 269 hearings on ADR cases, organised 30 arbitration training courses, 17 mediation training courses and nine negotiation courses of which seven courses were conducted abroad. It took seven years to accomplish the array of tasks. In that time some 1,290 participants from the civil service, banks, legal fraternity, financial institutions, corporate houses and students of law have received training. Stepping up the preparatory phase is necessary. To be sure, the BIAC’s pioneering work needs all the help it can get from the government and private sector. For it has to put in place the right infrastructure for the best practice of ADR methods to thrive in Bangladesh.

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BB to crack down on habitual defaulters

The Bangladesh Bank is set to hold a meeting on February 6 with banks’ managing directors. Law Commission Chairman ABM Khairul Haque and Bangladesh International Arbitration Centre CEO Muhammad A (Rumee) Ali will explore all legal routes with a view to handing out exemplary punishment to habitual defaulters.

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Publications

BIAC Certificate Recipents

Past Events

Photo Gallery

Bangladesh Arbitration Act 2001

BIAC Facilities & Services

Get In Touch With Us

Bangladesh International Arbitration Centre (BIAC)

69/1 Panthapath, Suvastu Tower (6th floor), Dhaka-1205,

PABX: +8802-964-1071 , +8802-964-1072, Fax: +8802–964-1074,

E-mail: info@biac.org.bd