FE Report
Country's business leaders have stressed the need for public awareness about the benefits of alternative dispute resolution (ADR) methods, particularly mediation.
"Businesses require fast and effective tools for resolving disputes. In keeping with the established practice in the developed and major developing countries, Bangladesh government has already brought about a number of amendments in a few important laws, incorporating provisions of mandatory mediation in civil and money loan cases. These provisions cannot be implemented in the absence of people's awareness about the benefits of alternative dispute resolution methods- particularly mediation," chairman of Bangladesh International Arbitration Centre (BIAC) Mahbubur Rahman said Wednesday while addressing a workshop on Commercial Mediation held at DCCI Auditorium in the city.
Dhaka Chamber of Commerce & Industry (DCCI) was the co-organiser of the event.
Among others Latifur Rahman Chairman & CEO, Transcom Ltd., Syed Nasim Manzur, President of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), former advisor to the Caretaker Government Abdul Muyeed Chowdhury, former attorney general Barrister Fida M Kamal, Helal Ahmed Chowdhury, former Managing Director & CEO of Pubali Bank Ltd., senior banker Shireen Scheik Mainuddin, former Judge Mohammad Tarik Haider, Mohammad Shahjahan Khan Immediate Past President of DCCI, Hossain Khaled, President DCCI, also spoke.
Representatives of different banks, legal chambers and business houses participated in the workshop.
"For flourishing entrepreneurship in trade and investment, we require an enabling framework. One key requirement is quick and cost-effective methods to resolve commercial and investment disputes," Mr Mahbubur Rahman said.
He said that in developed and many developing countries ADR is widely used to settle such dispute.
He said that as one of the partners of US law firm, Paul Hastings mentioned that 90 per cent of corporate cases are now resolved through mediation. This shows the gravity and the recognition of mediation in the global context.
"We have a long way to go. To aid this journey, BIAC has developed facilities and professionals who are highly qualified and trained by world renowned institutions," he said.
To aid this journey, BIAC has developed facilities and professionals who are highly qualified and trained by world renowned institutions.
talhabinhabib@yahoo.com
Country's business leaders have stressed the need for public awareness about the benefits of alternative dispute resolution (ADR) methods, particularly mediation.
"Businesses require fast and effective tools for resolving disputes. In keeping with the established practice in the developed and major developing countries, Bangladesh government has already brought about a number of amendments in a few important laws, incorporating provisions of mandatory mediation in civil and money loan cases. These provisions cannot be implemented in the absence of people's awareness about the benefits of alternative dispute resolution methods- particularly mediation," chairman of Bangladesh International Arbitration Centre (BIAC) Mahbubur Rahman said Wednesday while addressing a workshop on Commercial Mediation held at DCCI Auditorium in the city.
Dhaka Chamber of Commerce & Industry (DCCI) was the co-organiser of the event.
Among others Latifur Rahman Chairman & CEO, Transcom Ltd., Syed Nasim Manzur, President of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), former advisor to the Caretaker Government Abdul Muyeed Chowdhury, former attorney general Barrister Fida M Kamal, Helal Ahmed Chowdhury, former Managing Director & CEO of Pubali Bank Ltd., senior banker Shireen Scheik Mainuddin, former Judge Mohammad Tarik Haider, Mohammad Shahjahan Khan Immediate Past President of DCCI, Hossain Khaled, President DCCI, also spoke.
Representatives of different banks, legal chambers and business houses participated in the workshop.
"For flourishing entrepreneurship in trade and investment, we require an enabling framework. One key requirement is quick and cost-effective methods to resolve commercial and investment disputes," Mr Mahbubur Rahman said.
He said that in developed and many developing countries ADR is widely used to settle such dispute.
He said that as one of the partners of US law firm, Paul Hastings mentioned that 90 per cent of corporate cases are now resolved through mediation. This shows the gravity and the recognition of mediation in the global context.
"We have a long way to go. To aid this journey, BIAC has developed facilities and professionals who are highly qualified and trained by world renowned institutions," he said.
To aid this journey, BIAC has developed facilities and professionals who are highly qualified and trained by world renowned institutions.
talhabinhabib@yahoo.com
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