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Department Lawyers

Choose from our pool of legal professional, serving your best interests in every legal solutions.

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Tommy Shank

Corporate & Commercial Law

Doctor of Judicial Science

Dhaka

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Jasmine Morgan

Corporate & Commercial Law

Master of Laws

Chittagong

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Allison Taylor

Corporate & Commercial Law

Master of Dispute Resolution

Chittagong

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Hailey Alyssa

Corporate & Commercial Law

Master of Legal Studies

Chittagong

Corporate and commercial law in Bangladesh is governed by various laws, with key aspects as follows:

Corporate Law

  • Companies Act, 1994: Governs the formation, registration, and management of companies, including public, private, and foreign-owned entities. It outlines corporate governance practices, such as the roles of directors and shareholders and the requirement for annual general meetings (AGMs).
  • Foreign Investment: Foreign investors can own 100% of businesses in most sectors, with protections under the Foreign Private Investment Act, 1980.

Commercial Law

  • Contract Law: The Contract Act, 1872, covers the formation and enforcement of contracts, including issues like offer, acceptance, and breach.
  • Sale of Goods: The Sale of Goods Act, 1930, regulates commercial transactions involving goods, including ownership transfer and remedies for breach.
  • Banking and Finance: Governed by the Banking Companies Act, 1991, and Bangladesh Bank regulations, covering licensing, capital requirements, and anti-money laundering measures.
  • Intellectual Property: Laws like the Copyright Act, 2000, and the Trademarks Act, 2009, protect IP rights.
  • Competition: The Competition Act, 2012, prevents anti-competitive practices and is enforced by the Bangladesh Competition Commission.
  • Labor Law: The Bangladesh Labor Act, 2006, regulates employment, wages, and worker rights, including trade unions.
  • Arbitration: The Arbitration Act, 2001, provides a framework for resolving commercial disputes through arbitration.

Recent Developments

Recent reforms focus on enhancing the business environment, improving corporate governance, and encouraging digitalization in company registration and compliance reporting.

Frequently Asked Questions

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