BIAC mediation in Bangladesh is a professionally administered mediation service provided by the Bangladesh International Arbitration Centre (BIAC) for resolving commercial disputes. BIAC mediation provides a structured, confidential, and efficient framework for parties to reach a negotiated settlement with the assistance of an experienced, impartial mediator from BIAC’s panel.
About BIAC Mediation in Bangladesh
BIAC mediation is administered under the BIAC Mediation Rules, which provide a clear framework for the conduct of mediation proceedings. BIAC maintains a panel of experienced, accredited mediators with expertise in commercial, construction, banking, real estate, and other sectors. BIAC mediation is available for all types of commercial disputes and is particularly well-suited to disputes where the parties want to preserve their business relationship.
The BIAC Mediation Process in Bangladesh
Request for Mediation
The party seeking mediation files a request for mediation with BIAC, specifying the dispute and the relief sought. BIAC notifies the other party, who has the opportunity to accept or reject the request. Mediation requires the consent of both parties.
Appointment of the Mediator
The parties agree on a mediator from BIAC’s panel. If they cannot agree, BIAC appoints the mediator. The mediator must be impartial and independent and must disclose any potential conflicts of interest.
Mediation Sessions
The mediator holds joint and separate sessions with the parties and their lawyers. The mediator facilitates negotiations and helps the parties explore options for settlement. The proceedings are confidential.
Settlement Agreement
If mediation results in a settlement, the parties sign a settlement agreement, which is a binding contract. If mediation fails, the parties may proceed to arbitration or litigation.
TRW Law Firm: BIAC Mediation Services in Bangladesh
TRW Law Firm provides expert legal advice and representation in BIAC mediations across Bangladesh. Contact TRW at tahmidurrahman.com or visit lawfirm.com.bd.
Frequently Asked Questions
How do I file a mediation request with BIAC in Bangladesh?
To file a mediation request with BIAC, submit a request for mediation to BIAC, specifying the dispute and the relief sought, and paying the registration fee. BIAC will then contact the other party to seek their consent to mediation.
Is BIAC mediation confidential in Bangladesh?
Yes. BIAC mediation proceedings are confidential under the BIAC Mediation Rules. The parties, their lawyers, and the mediator are all bound by confidentiality obligations.
How long does BIAC mediation take in Bangladesh?
Most BIAC mediations are completed within one to three days of sessions. The overall timeline depends on the complexity of the dispute and the willingness of the parties to engage constructively.
Related articles: Alternative Dispute Resolution in Bangladesh | Arbitration Lawyer in Bangladesh | Commercial Arbitration in Bangladesh
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Contact TRW Law Firm
If you need expert legal advice on this matter, contact TRW Law Firm — one of Bangladesh’s leading law firms specialising in ADR, arbitration, and commercial litigation. Visit tahmidurrahman.com or tahmidur.com to speak with a specialist today.
