BIAC has recently signed online a Memorandum of Understanding (MoU) with the Cairo Regional Centre for International Commercial Arbitration (CRCICA), Egypt. CRCICA is an independent non-profit international organisation established in 1979 under the auspices of the Asian African Legal Consultative Organisation (AALCO) in pursuance of AALCO’s Doha Session held in 1978 to establish regional centres for international commercial arbitration in Asia and Africa.
The MoU was signed by Mr. Muhammad A. (Rumee) Ali, CEO of BIAC and Mr. Ismail Selim, Director, CRCICA on behalf of their respective organisations. The MoU is intended to establish a basis upon which both organisations may explore areas for further co-operation in respect of Alternative Dispute Resolution (ADR) provided by both. It will also serve to address the common interests of BIAC and CRCICA to use each other’s venue for arbitration and mediation with facilities support and assistance for the parties’ administered proceedings. Under the MoU, BIAC and CRCICA shall jointly organise seminars, conferences and educational programmes on arbitration and mediation and other methods of ADR in Bangladesh and Egypt.