ZCZC
BSS-08
CJ-SEMINAR-LAW-COMMERCIAL
Judges, lawyers should have good idea about commercial laws: CJ
DHAKA, July 6, 2019 (BSS) – Chief Justice Syed Mahmud Hossain today said
judges and lawyers should have good idea about country’s commercial laws and
latest development.
“Business is the main part of a democratic society but commercial
transaction does not get much encouragement in our country. Judges and
lawyers should have good idea about country’s commercial laws and latest
development. It is now necessary to introduce one-stop service immediately to
develop business environment,” he said.
The chief justice said these while addressing a seminar titled
“Commercial Legal Practices and Recent Developments in Bangladesh” at Supreme
Court Judges’ Sports Complex. Presided over by Supreme Court Special
Committee for Judicial Reforms chairman Justice Muhammad Imman Ali, the
seminar was also addressed by UNDP Bangladesh Resident Representative Sudipto
Mukerjee, among others.
Chief Justice Syed Mahmud Hossain said country would concentrate on
tackling challenges of commercial laws, trade arbitration and agreement.
“It was always on demand to modernize or update laws on arbitration to
resolve commercial disputes quickly, considering the growing international
trade activities. Bangladesh has formulated new arbitration law by revoking
the old one,” he added.
Justice Muhammad Imman Ali in his speech said changing the legal
infrastructure of arbitration process is possible, adding, “It is also
possible to resolve disputes without going to court and it is applicable for
both local and international cases.”
BSS/DA-MHR/IJ/1545 hrs