BIAC dialogue titled “The Rise and Rise or the Rise and Fall of Investment Arbitration” held
Investment, including foreign direct investment (FDI) is crucial for the growth of any economy. With the rapid economic development of our economy, and increasing pace of investment, it is vital that there be better appreciation of the institutional and procedural framework for such investment. A key requirement to facilitate such investment is a system of alternative dispute resolution (ADR), particularly arbitration. Without seeking recourse to courts, the parties would like to resolve disputes quickly, fairly, and discreetly. In considering this, A Dialogue titled “The Rise and Rise or the Rise and Fall of Investment Arbitration” was held on Thursday 26 January at a local hotel organized by Bangladesh International Arbitration Centre (BIAC). The keynote speaker at the Dialogue was the former Solicitor General of Australia Dr. Gavan Griffith QC while the Chief Guest was Minister for Law, Justice and Parliamentary Affairs Hon'ble Barrister Shafique Ahmed. Eminent lawyer Dr. Kamal Hossain chaired the function.
Barrister Shafique Ahmed observed that in order to encourage investment in the country business disputes need to be resolved expeditiously. He said that if required the relevant laws would be amended to ease resolution of business disputes through Alternative Dispute Resolution ( ADR ) including Arbitration and Mediation.
Distinguished Jurists including Barrister Rafiqul Huq and business leaders including Mahbubur Rahman Chairman BIAC attended.
-From Law Desk.