Strong ADR framework key to resolving investment disputes effectively

Experts tell BIAC Seminar

Published : 29 May 2024 09:50 PM

Experts at a seminar highlighted the importance of developing a strong Alternative Dispute Resolution (ADR) framework to effectively resolve investment disputes, mentioning the government's commitment to supporting initiatives that enhance the arbitration landscape in Bangladesh. 

They also emphasized the pivotal role of judiciary in fostering a conducive environment for ADR practices.

The Bangladesh International Arbitration Centre (BIAC) arranged the seminar at the Pan Pacific Sonargaon Hotel, Dhaka, marking its 13th Founding Anniversary on 26 May. 

The seminar, themed “Resolving Investment Dispute: Strategies for Successful Outcome and Need for a Robust ADR Framework,” was attended by prominent figures in law and arbitration.

Abdul Muyeed Chowdhury, Advisor to the former Care Taker Government of Bangladesh, and Justice Khizir Ahmed Choudhury of the High Court Division, Supreme Court of Bangladesh graced the event as the Special Guests.

Justice K. M. Hassan, and Justice Syed Mahmud Hossain both Former Chief Justice of Bangladesh, Justice Tariq Ul Hakim, Former Justice, Appellate Division, Supreme Court of Bangladesh, eminent jurist Dr. Shahdeen Malik, esteemed Member of Parliament and founder of Ha-Meem Group, AK Azad, Kamran T. Rahman, President of MCCI, Dhaka participated in the seminar among others.

Nicky Balani, Director, Thailand Arbitration Centre, as Key Note Speaker, discussed strategies for achieving successful outcomes in investment disputes and emphasized the necessity for a robust ADR framework. 

Other Distinguished Speakers echoed his sentiments, underlining the need for continuous improvement in the arbitration process to facilitate efficient and cost-effective dispute resolution

Muhammad A. (Rumee) Ali, Vice Chairman of BIAC, extended a warm welcome to the esteemed guests and audiences, emphasizing the significance of a collaborative approach in investment dispute resolution.