Addition of Mr. Md. Forrukh Rahman as Panel Arbitrator of SCMA
Rahman's Chambers Blog
by admin2019
6d ago
We are pleased to announce our Head of Chambers’ addition to the prestigious Singapore Chamber of Maritime Arbitration (SCMA) Panel of Arbitrators. The profile is currently up on the SCMA’s website and accessible here ..read more
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Earlier FSRU Deal with Excelerate Near Payra Scrapped
Rahman's Chambers Blog
by admin2019
3M ago
Summary Excelerate Energy’s proposal to construct its third floating storage and regasification unit (FSRU) near the Payra seaport in the Bay of Bengal has been unsuccessful due to the cancellation of an initial agreement. Petrobangla has sent a letter terminating the non-binding agreement, and the interim government has canceled the term sheet agreement with the ..read more
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HYBRID SEMINAR ON THE CONVENTION ON INTERNATIONAL SALES OF GOODS
Rahman's Chambers Blog
by admin2019
3M ago
The United Nations Convention on Contracts for the International Sale of Goods (CISG) is considered one of the core international trade law conventions, universally desirable for adoption. Presently, 97 countries, including the USA (1988), Germany (1991), Denmark (1990), most EU countries, Japan (2009), Russia (1991), Australia, China (1988), Singapore, Brazil (2014), Bahrain (2014), Canada, Congo (2015), and Madagascar (2015), have ratified the CISG. It provides harmonization of laws on international sales of goods among member countries, ensuring that buyers, sellers, domestic courts, regul ..read more
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Our esteemed Head of Chambers’ speech on SARCO and BIAC’s Seminar on Elevating Bangladesh’s Trade and Commerce: ADR’s role in Navigating Disputes and Strengthening SAARC Partnerships
Rahman's Chambers Blog
by admin2019
3M ago
Our esteemed Head of Chambers, Mr. Mohammed Forrukh Rahman was recently invited as a guest speaker at a Seminar hosted by SAARC Arbitration Council (SARCO) in collaboration with the Bangladesh International Arbitration Centre (BIAC) on “Elevating Bangladesh’s Trade and Commerce: ADR’s Role in Navigating Disputes and Strengthening SAARC Partnerships” on the 26th of October 2024, held at the InterContinental, Dhaka, Bangladesh. Below are a few glimpses of the momentous event ..read more
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Regulator Raises Cyber-heist Alarm for Banks.
Rahman's Chambers Blog
by admin2019
3M ago
Summary Bangladesh Bank has issued a circular through which it tries to combat the recent increasing number of cyberattacks on the banking sector by requesting commercial lenders to implement a 17-point anti-heist measure. The central bank has overseen some illicit transactions on Facebook ad managers in some banks by dual-currency cards. The central bank also ..read more
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Central Bank Nod is Not Required for Bandwidth Import Payments.
Rahman's Chambers Blog
by admin2019
3M ago
Summary Banks in Bangladesh do not require any permission from Bangladesh Bank to process import payments for internet bandwidth and other related services from now on. The central bank already issued a circular that allows banks to make payments abroad without requiring its permission. However, banks must maintain some specifications, like obtaining applications from importers ..read more
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The Central Bank of Bangladesh has simplified the import rule for industrial establishments.
Rahman's Chambers Blog
by admin2019
3M ago
Summary The Bangladesh Bank has made things easy for industrial imports by letting importers use a letter of agreement instead of a traditional letter of credit (LC). This directive intends to facilitate imports into designated economic zones, such as Export Processing Zones and Economic Zones. From the time being importers are allowed to secure short-term ..read more
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Seven additional States signed the United Nations “Beijing Convention on the Judicial Sale of Ships” in Valletta
Rahman's Chambers Blog
by admin2019
3M ago
Summary:  On June 19, in Valletta, Malta, the Ministry of Foreign and European Affairs and Trade of Malta, Comité Maritime International, and the United Nations Commission on International Trade Law (UNCITRAL) hosted a commemorative event for the United Nations Convention on the International Effects of Judicial Sales of Ships (also known as the “Beijing Convention ..read more
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The US’s government’s rising interest to google into the affairs of Google
Rahman's Chambers Blog
by admin2019
4M ago
Summary: The share price graph of Alphabet is facing an unsteady movement due to a United States judge’s ruling that Google’s search business was an illegal monopoly. It also raises concerns about unexpected competition due to generative artificial intelligence like ChatGPT and other AI. It is assumed that the Department of Justice (DOJ) may file ..read more
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Interim govt moves to access RCEP
Rahman's Chambers Blog
by admin2019
4M ago
Summary: The current interim government of Bangladesh kick-started to join the Regional Comprehensive Economic Partnership (RCEP). The government is increasing its efforts to seek membership of RCEP despite the previous government’s failure. An assessment by the Bangladesh Trade and Tariff Commission (BTTC) states that joining the RCEP block might boost Bangladesh’s export rate to its ..read more
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