IFC, a member of the World Bank Group, provides support to Bangladesh International Arbitration Centre (BIAC) to expedite industrial disputes through arbitration, says a press release. At a recently arranged dialogue held in the city, the importance of fast resolution of disputes for boosting investment environment in Bangladesh was underlined. 

Present as chief guest, law minister Shafique Ahmed said, “adversarial method of dispute resolution results in buildup of cases and delays disposal.” “Government is therefore bringing about changes in the laws to make Alternative Dispute Resolution (ADR) mandatory where possible,” added the minister. 

Keynote speaker professor Arif Ali, head of the International Arbitration Practice of the Washington based law firm Crowell and Moring, elaborated on the international process of arbitration, the key issues that need to be identified and specific problem based recommendations. 

Chairman of the BIAC Board Mahbubur Rahman stressed that business related cases can be disposed through arbitration, relieving pressure on the judicial system.’

Source: The Independent/ Bangladesh/ 13th Dec 2011