Experts at a seminar stressed necessity of a robust Alternative Dispute Resolution (ADR) system to resolve investor disputes swiftly, thereby enhancing investor confidence and contributing to economic growth.
The seminar styled “Elevating Bangladesh’s Trade and Commerce: ADR’s Role in Navigating Disputes and Strengthening SAARC Partnerships” was organized by SARCO in Collaboration with BIAC Dhaka at the InterContinental Dhaka on Saturday.
Justice Ahmed Sohel attended the seminar as the Chief Guest.
While addressing, he highlighted the critical role of Alternative Dispute Resolution (ADR) in alleviating Bangladesh's court backlog.
Justice Sohel highlighted the staggering volume of over 4.2 million pending cases, with each judge handling an average of 94,000 cases.
He emphasized the urgent need for ADR as a streamlined, cost-effective solution to reduce this judicial burden, urging stakeholders to refer cases to BIAC, Bangladesh’s only registered arbitration institution, known for its adherence to international standards and efficient dispute resolution processes.
Justice Sohel also outlined essential steps to strengthen ADR in Bangladesh, advocating for specialized ADR training for judges and lawyers to enhance dispute resolution quality.
The panel discussed the growth of foreign investment in Bangladesh and the necessity of a robust ADR system to resolve investor disputes swiftly, thereby enhancing investor confidence and contributing to economic growth.
In his welcome address, Muhammad A. (Rumee) Ali, Vice Chairman of BIAC, shared BIAC’s significant contributions over the past 13 years to advance ADR in Bangladesh.
In the closing session BIAC Chairman Mahbubur Rahman stressed the importance of regional collaboration for economic growth and stability.
The seminar was attended by distinguished advocates, bankers, and business leaders, who actively participated as panelists and moderators. Notable attendees included former Justices Tariq Ul Hakim, Abdus Salam Mamun, and Abu Ahmed Jamadar from the Supreme Court of Bangladesh, as well as Choining Dorji, Director General of SARCO
