ZCZC
BSS-27
BANGLADESHI-NOMINATION-ICSID-WB
3 Bangladeshis nominated for posts of ICSID arbitrator, consultant
DHAKA, May 1, 2021 (BSS) – The Law and Justice Division of the Ministry of Law, Justice and Parliamentary Affairs has nominated three Bangladeshis for the prestigious posts of arbitrator and conciliator panel of the World Bank’s International Center for Settlement of Investment Disputes (ICSID).
Former chief justice of Bangladesh Tafazzul Islam got the nomination in conciliator post and Dr Romana Islam, assistant professor at the Law Department of Dhaka University, and Barrister Moin Gani were nominated as arbitrators.
It also stated that they are appointed for a period of six years extending to April 26 in 2027, said a release issued here.
The nomination from the Law and Justice Division was sent to ICSID through the Ministry of External Affairs and the Secretary General of ICSID finalized the nomination.
The nominees have been included in the list of arbitrators and conciliators for a term of six years, added the release.
ICSID serves as the main center for resolving investment and business-related disputes between the state and foreign investors. Opposition parties may select arbitrators and conciliators from a panel appointed by ICSID.
Arbitrators are appointed in various ad hoc committees.
The ICSID panel list reflects the government’s continued efforts to enhance Bangladesh’s image and position in the international arena and to protect its rights.
BSS/PR/DA/RQ/MMA/2009HRS