Bangladesh International Arbitration Center

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The Bangladesh International Arbitration Center (BIAC) is an alternative dispute resolution court in Dhaka, Bangladesh. [1]

Alternative dispute resolution includes dispute resolution processes and techniques that act as a means for disagreeing parties to come to an agreement short of litigation. It is a collective term for the ways that parties can settle disputes, with the help of a third party.

Dhaka Capital city in Dhaka Division, Bangladesh

Dhaka, formerly known as Dacca, is the capital and largest city of Bangladesh. It is one of the largest and most densely populated cities in the world, with a population of 18.89 million people in the Greater Dhaka Area. Dhaka is the economic, political and cultural center of Bangladesh. It is one of the major cities of South Asia, the largest city in Eastern South Asia and among the Bay of Bengal countries; and one of the largest cities among OIC countries. As part of the Bengal plain, the city is bounded by the Buriganga River, Turag River, Dhaleshwari River and Shitalakshya River. The city is located in an eponymous district and division.

Bangladesh Country in South Asia

Bangladesh, officially the People's Republic of Bangladesh, is a sovereign country in South Asia. It shares land borders with India and Myanmar (Burma). The country's maritime territory in the Bay of Bengal is roughly equal to the size of its land area. Bangladesh is the world's eighth most populous country as well as its most densely-populated, to the exclusion of small island nations and city-states. Dhaka is its capital and largest city, followed by Chittagong, which has the country's largest port. Bangladesh forms the largest and easternmost part of the Bengal region. Bangladeshis include people from a range of ethnic groups and religions. Bengalis, who speak the official Bengali language, make up 98% of the population. The politically dominant Bengali Muslims make the nation the world's third largest Muslim-majority country. Islam is the official religion of Bangladesh.

Contents

History

BIAC was founded in 2011 by a consortium of commercial chambers, including the International Chamber of Commerce, the Dhaka Chamber of Commerce and Industry and the Metropolitan Chamber of Commerce and Industry, with support from the International Finance Corporation of the World Bank Group. [2] It is the first arbitration court in Bangladesh. [3]

International Chamber of Commerce is the largest, most representative business organization in the world

The International Chamber of Commerce is the largest, most representative business organization in the world. Its 6 million members in over 100 countries have interests spanning every sector of private enterprise.

International Finance Corporation

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C.. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable.

The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most well-known development bank in the world and is an observer at the United Nations Development Group. The bank is based in Washington, D.C. and provided around $61 billion in loans and assistance to "developing" and transition countries in the 2014 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). The first two are sometimes collectively referred to as the World Bank.

See also

The International Court of Arbitration is an institution for the resolution of international commercial disputes. The International Court of Arbitration is part of the International Chamber of Commerce. The court comprises more than 100 members from about 90 countries. ICC headquarters is in Paris, France.

London Court of International Arbitration

The London Court of International Arbitration (LCIA) is an institution based in London, United Kingdom providing the service of international arbitration.

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The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in 1966 for legal dispute resolution and conciliation between international investors. The ICSID is part of and funded by the World Bank Group, headquartered in Washington, D.C., in the United States. It is an autonomous, multilateral specialized institution to encourage international flow of investment and mitigate non-commercial risks by a treaty drafted by the International Bank for Reconstruction and Development's executive directors and signed by member countries. As of May 2016, 153 contracting member states agreed to enforce and uphold arbitral awards in accordance with the ICSID Convention.

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The Arbitration Court is an independent permanent court under the St. Petersburg Chamber of Commerce and Industry, Russia.

Federation of Bangladesh Chambers of Commerce and Industries is the apex trade organization of Bangladesh playing a pivotal role in consultative and advisory capacity, safeguarding the interest of the private sector in the country.

Abdul Awal Mintoo Bangladeshi businessman

Abdul Awal Mintoo is a Bangladeshi businessman and politician. He has been chairman or managing director of a number of organisations and groups within Bangladeshi industry. He is the former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). During the last Caretaker Government, he was jailed on allegations of corruption.

The Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit non-governmental institution, established to facilitate economic growth and development in the country. ICCIMA is a forum in the field of industries, mines and agriculture.

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Samson H. Chowdhury was a Bangladeshi business magnate. He was the chairman of Square Pharmaceuticals.

The Arab Chamber of Commerce and Industry (ARABCCI) or (ArabCham) in Hong Kong was established in 2006 to promote commercial ties between Hong Kong and Greater China with the Arab world. The Arab Chamber of Commerce is a not for profit organisation, The President is Edwin Hitti.

World Trade Center Chittagong

The World Trade Center Chittagong, is a 90.70 meters, 21-floor complex located in Agrabad Commercial Area, Chittagong, Bangladesh. The building opened in 2016.

Dhaka Chamber of Commerce & Industry organization

Dhaka Chamber of Commerce & Industry (DCCI), established in 1958, is a large organization for businesspeople in Dhaka, Bangladesh.

Kutubuddin Ahmed is a Bangladeshi businessman who is the founder and chairman of the Envoy Group, a conglomerate which operates in multiple sectors, with major operation in the apparel industry. He is a Fellow of the Institute of Engineers, Bangladesh. In 2015 he is a member of the executive committee of the International Chamber of Commerce, Bangladesh, and a director of the Chittagong Stock Exchange.

Bangladesh–Italy relations Diplomatic relations between the Peoples Republic of Bangladesh and the Republic of Italy

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Annisul Huq was a Bangladeshi entrepreneur, television show host and the mayor of Dhaka North City Corporation. According to the affidavits submitted to the Election Commission in March 2015, he had amassed a net worth of US$3.25 million.

Bangladesh–France relations Diplomatic relations between the Peoples Republic of Bangladesh and the French Republic

Bangladesh–France relations relate to the foreign relationship between Bangladesh and France.

Mutual Trust Bank Limited is private commercial bank in Bangladesh.

Anwarul Haque was a Bangladesh Supreme Court justice who served as the Chairman of International Crimes Tribunal-1.

Easy Fly Express

Easy Fly Express is a cargo airline from Bangladesh. The airline was founded in 2007 and commenced operations on 1 July 2008. The airline has its main hub at the Shahjalal International Airport and its fleet comprises one A 300-600 and one Saab 340 aircraft.

References

  1. ↑ "Practical Law UK (New Platform) Signon". uk.practicallaw.thomsonreuters.com. Retrieved 4 July 2017.
  2. ↑ Borzu Sabahi; Nicholas J. Birch; Ian A. Laird (1 October 2014). Revolution in the International Rule of Law: Essays in Honor of Don Wallace, Jr. Juris Publishing, Inc. p. 277. ISBN   978-1-57823-347-2.
  3. ↑ "Institutional reforms key to higher economic growth". The Daily Star. 3 January 2017. Retrieved 4 July 2017.
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