Arbitration in Bangladesh
Arbitration in Bangladesh is a form of alternative dispute resolution governed by the Arbitration Act 2001. It provides a private and binding process where disputes are resolved by one or more arbitrators selected by the parties. The process is designed to be quicker and less formal than court litigation. Awards given by arbitrators are enforceable in the same manner as court judgments. This system helps reduce the burden on the judicial system and offers a more efficient means of resolving commercial and other disputes.We have a team of skilled arbitrators and arbitration lawyers in Bangladesh. Our lawyers have successfully represented clients before various arbitration tribunals, including the National Board of Revenue, the Bangladesh International Arbitration Center, and the Bangladesh Chemical Industries Corporation. Our experience spans both domestic and international arbitration, including International Commercial Arbitration, where we have served as both counsel and arbitrators.
Our major services in the arbitration matters are the following:
draft and serve notices to begin arbitration proceedings on behalf of the client.
Drafting and reviewing arbitration agreements.
Providing advise on the seat and appropriate norms of arbitration
- Draft and serve notices to begin arbitration proceedings on behalf of the client.
- Drafting and reviewing arbitration agreements.
- Providing advise on the seat and appropriate norms of arbitration.
- Presenting claims or cases before the arbitration tribunal on behalf of the client.
- Examining and reviewing all supporting papers and information pertaining to the arbitration proceeding.
- conducting hearings before the arbitration tribunal on behalf of clients.
- Drafting statements of claims and defenses.
- Assisting with the enforcement of arbitral awards issued by the arbitration tribunal.
- Providing legal views on many elements of arbitration proceedings.
Assisting clients in delaying court actions launched in violation of arbitration provisions and seeking interim relief in support of ongoing arbitration procedures.
The above lists are not exhaustive. Because each case is unique, we offer our clients with the legal services they require based on the facts and the law.
Why client required these service:
However, it is not required to seek legal counsel in order to file a claim or defend oneself before the arbitration panel. Nonetheless, it is recommended practice to get advice from specialists in relevant sectors in order to avoid unnecessary legal issues. A lawyer with expertise in this area can provide suitable counsel and direction, increasing the likelihood of receiving the desired relief. A lawyer can help you produce relevant documents and documentation in the proper manner to file with the appropriate forum. Without a knowledgeable arbitrator, the entire purpose of arbitration will be ruined. It is obvious that consulting with a lawyer will pave the road for sufficient legal remedies.