BIAC to sign deal with CIETAC

China International Economic and Trade Arbitration Commission (CIETAC) and Kunming International Commercial Arbitration Service Centre (KICASC) opined that Dhaka may be the seat of arbitration for resolving disputes involving Chinese investors and joint ventures in Bangladesh.
The observation came in a training programme on China – Bangladesh International Arbitration at a hotel in the Kunming Economic and Technology Development Zone, Kunming, China jointly organized by Bangladesh International Arbitration Centre (BIAC) and Kunming International Commercial Arbitration Service Centre (KICASC) on 22-26th April.
The training programme was coordinated by Yunnan-Bengal Business Information Consultation Co. Ltd of China and Bangladesh. Further in a meeting held between Ms. Zhang Jingmei, the Director of the KICASC, Ms. Mahbuba Rahman Runa, Senior Counsel, BIAC and Mr. Li Hu, Deputy Secretary General of CIETAC, it was also decided that cases of CIETAC and KICASC in Bangladesh will be referred to BIAC to administer the cases. BIAC will sign cooperation agreement with CIETAC. Moreover CIETAC showed interest of adding Bangladeshi Arbitrators in their panel referred by BIAC. The same can be done on behalf of BIAC. In the training programme Senior Counsel of BIAC informed the participants about the membership of BIAC in which they had shown keen interest.
On 25th April 2019, the graduation ceremony commenced with the speech of host, Ms. Zhang Jingmei, the Director General of the KICASC. Ms. Mahbuba Rahman, Senior Counsel of BIAC gave her vote of thanks to everyone and hoped that the participants will apply this experience in their respective fields of work.