BANGLADESH INTERNATIONAL ARBITRATION CENTRE
The Institution for Alternative Dispute Resolution
Bangladesh International Arbitration Centre (BIAC) organized a 2 day long Training Course on Negotiation and Mediation at BIAC secretariat. On 26-27 February, 2020 thirty participants from different sectors including Banks, Corporate and legal practitioners took part in the training programme. Ms. Mahbuba Rahman, General Manager, BIAC coordinated the programme.
Mr. Sam Showket Hossain, (Former President, Bangladesh Law Association, Master Trainer and Professional Negotiator) conducted the training as the Trainer on Negotiation training and Ms. Shireen Scheik Mainuddin (CEDR Accredited Mediator and CEDR Trainer) and Mr. Shafayat Ullah Head of Legal, The City Bank Ltd. & Barrister-at-Law, Lincoln’s Inn were the trainers of Mediation Training.
In the closing ceremony of the training programme Mr. Mahbubbur Rahman, Chairman, BIAC briefed the participants about the emergence of BIAC and he requested participants especially lawyers take forward the message of BIAC and intimate its activities to their lawyer friends, colleagues as BIAC ambassadors of BIAC so that Alternative Dispute Resolution (ADR) mechanism gets momentum to resolve business disputes towards contributing to overall development of the country’s fast growing economy. Mr. Muhammad A. (Rumee) Ali, CEO, BIAC said that that It was observed that banks open LCs to parties against Pro Forma Invoice, which does not contain an ADR Clause. So, in case of default in business transaction banks face problems in implementing LCs. We know, Bank have a compliance checklist before opening an LC, it would be preferred if the buyer and the seller have a separate agreement between themselves, which must contain an international ADR clause, Mr. Ali insisted.
On completion of the course certificates were distributed to the participants by Mr. Mahbubbur Rahman, Chairman, BIAC and Mr. Muhammad A. (Rumee) Ali, CEO, BIAC. Mr. M A Akmall Hossain Azad, Director, BIAC was also present in the closing session.