Bangladesh gets arbitration centre for commercial disputes
Dhaka: Bangladesh has set up its first ever arbitration centre to settle commercial disputes.
The Bangladesh International Arbitration Centre (BIAC) was opened here "with a promise to help settle commercial disputes in a quick, transparent and cost-effective manner", The Daily Star said Sunday.
BIAC is a registered, not-for-profit organisation to provide an environment where clients can meet their arbitration needs effectively and efficiently. Its work revolves around the best ways to adapt arbitration to fundamental changes in the economy.
The International Chamber of Commerce-Bangladesh (ICC-B), Dhaka Chamber of Commerce and Industry (DCCI) and Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, have set up the centre for alternative disputes resolution, with support from the Bangladesh Investment Climate Fund that is managed by the International Finance Corporation.
More from India
More from World
More from Sports
More from Entertaiment
- Zakir Naik's 'IRF' converted many to Islam?
- Is Zakir Naik's foundation converted many to Islam for monetary benefits?
- Is Zakir Naik's foundation converted many to Islam for monetary benefits?- Part II
- Why Pakistan commits heinous crime in Balochistan and POK?
- Why Pakistan commits heinous crime in Balochistan and POK?- Part II
- Congress MP moves privilege motion against Naqvi in RS
- Narsingh Pancham Yadav doping scandal: He can't do something like this, says Yogeshwar Dutt
- Preparing for your dream job? Opt for an in-person interview
- Maruti Q1 profit soars 23% to Rs 1,486 crore
- 7th Pay Commission: Not appropriate to compare pay hike recommendations with previous ones, says Govt