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Blog

01 May

Posted at 08:26h in Firm News

About TerraLexAs business needs grow globally, clients need an expanded support system. TerraLex offers access to rigorously vetted law firms from strategically-resourced locations – ensuring strong legal advocates no matter how far and wide business grows. For more than 28 years TerraLex member firms have provided clients with trusted, quality...

06 Apr

Posted at 04:57h in Covid-19, Financial Law

On 2nd April, 2020, Bangladesh Bank published a circular detailing the eligibility and application, disbursement procedures and repayment procedures of the Tk. 5000 Crore Financial Stimulus package declared by the Hon’ble Prime Minister. The key features/highlights of the circular and the specific details are presented...

02 Apr

Posted at 10:19h in Covid-19

Saqeb Mahbub, Partner & Wahid Sadiq Khan, Associate In the wake of the current Covid-19 “pandemic”the Government of Bangladesh has extended the earlier declared national holiday till 11th April, 2020. The Government has ordered to close down all the Government as well as private offices during...

02 Apr

Posted at 09:22h in Covid-19

Rifat Rahman, Associate In Bangladesh, force majeure clause does not have any statutory basis and it is invoked similarly by applying the guidelines. However, even if the broad purposive interpretation of the clause plunks the outbreak of the Covid-19 beyond the events, the doctrine of frustration...