On 12th April, 2020, the Bangladesh Bank issued guidelines relating to the Tk. 30,000 Crore fund forming part of the Tk. 72,500 Crore stimulus package earlier announced by the government. Unlike the previously announced Tk. 5000 Cr package, which was a fund to be disbursed...
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...
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...
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...
Registration fees for incorporation of companies have been significantly reduced to bring down costs of starting a businessChanges to the Registration FeesOn 23rd April 2019 the Cabinet issued an Official Gazzette Notification revising the fees applicable when registering a new company in the Office of the...
