Call to apply ADR norms in Settling commercial disputes

A four day–long training programme on “Introduction to International Arbitration” was organised jointly by Bangladesh International Arbitration Centre (BIAC) and Chartered Institute of Arbitrators (CIArb), Singapore from December 06-09, 2017 in Singapore. Out of 34 participants 26 have successfully passed the online assessment after attending the training programme. To celebrate their achievement a meet & greet session was organised with a small certificate giving ceremony and successful participants of the online assessment received their certificates from CIArb, UK and BIAC at BIAC office recently.  Mr. Mahbubur Rahman, Chairman, BIAC and Mr. Muhammad A. (Rumee) Ali, CEO, BIAC were present at the event and distributed the certificates.

Congratulating participants from various government organisations, banks and legal fraternity, CEO of BIAC Mr. Muhammad A. (Rumee) Ali noted with satisfaction that the recent training on International Arbitration held in Singapore has been very successful through which BIAC has advanced a step forward in the practice of Alternative Dispute Resolution (ADR) at home and abroad. He sought further cooperation by the participating government agencies and other organisations in this regard and hoped that BIAC will continue to work together with them in the years to come.

Chairman of BIAC Mr. Mahbubur Rahman while speaking to the trainees stressed the need of application and adherence of ADR norms and practices in settling commercial and business disputes in the country. He also emphasised on developing an effective partnership between BIAC and government and private organisations to help develop a more congenial business environment by settling commercial disputes under BIAC Rules.

The Chartered Institute of Arbitrators (CIArb) is the world’s leading professional body for promoting the settlement of disputes by arbitration, mediation and other Alternative Dispute Resolution (ADR) methods. Founded in 1915, it promotes the use of Alternative Dispute Resolution (ADR) internationally through 14,000 professionally qualified members in over 133 countries. CIArb is a UK registered organization who works in the public interest through an international network of 40 branches.

BIAC is the first and only Alternative Dispute Resolution (ADR) institution in Bangladesh and it aims to embed the use of ADR as a commercial best practice to help/assist/facilitate creation of an eco-system that fosters investment and is conducive to business. BIAC has received recognition by signing cooperation agreement with 12 International ADR centres. BIAC has also signed MoUs with 18 local business and financial institutions/Ngos to work together in adhering to ADR practices at home and abroad.