Category: News & Updates
To facilitate the transfer of residual money payable to foreign shareholders in case of winding up of the concerned company Bangladesh Bank has recently published a guideline.Read more
by Miss Farzana Khanom A dispute may arise relating to child custody when a marriage breaks down and ends in divorce and also for various other reasons. In Bangladesh, the Family Courts Ordinance 1985 and the Guardians and Ward Act 1890 are followed while dealing with cases relating to custody and guardianship. In some cases, […]Read more
by Miss Farzana Khanom The Prospect of ADR in Settling Labour Disputes in Bangladeshby Miss Farzana Khanom The Constitution of Bangladesh pursuant to Article 32 guarantees justice to all regarding equal right to life and personal liberty. In addition, Article 27 guarantees equality before the law and equal protection of law. But due to tremendous […]Read more
Revised procedure for remittance of Profit & Residual Balance by Foreign Companies & Firms in Bangladesh.
In a move to facilitate foreign investment, Bangladesh Bank has recently through FEID Circular Letter No 2. dated 19.09.2019, has decided to remove the pre-approval requirements for remittance profit from Bangladesh. Bangladesh Bank has also eased the requirements for remitting residual balance of foreign firms and branch office. A. It has been decided that henceforth […]Read more
by Razia Sultana, Associate In a lending scenario by a Company, usually lenders require personal guarantee from the directors of the company. A personal guarantee is a type of guarantee where one or more company directors personally guarantee to repay any debts of their business if the company face any financial crisis or unable to […]Read more
Bangladesh actively seeks foreign investment, particularly in apparel, power, oil and gas, and infrastructure projects. It offers a range of investment incentives under its industrial policy and export-oriented growth strategy with few formal distinctions between foreign and domestic private investors. Foreign and domestic private entities can establish and own, operate, and dispose of interests in […]Read more