Expertise
We offer full legal aid in maritime affairs such as investigating, negotiating, and litigating all forms of maritime claims such as vessel collusion, oil pollution, salvage, cargo, general average, and maritime insurance claims.
Our shipping practice encompasses, but is not limited to, dry/wet shipping, ship arrest/release, ship finance, ship buying/selling, international trade, personal injury, crew salaries, and P&I settlements. TR’s practice also encompasses port development and projects, business assistance, and the drafting and assessment of all contractual material required for any shipping-related initiatives.
We are enthusiastic about investing time and managing client connections. TR Shipping Practice’s experience has taught us that true long-term relationships benefit both our clients and ourselves. Good relationships also assist us in retaining our top staff and loyal clients, clients who come to us because we are the best fit for them. Everything we do is done with the utmost care.
Insights
The transportation and logistics industry is critical to the development of a competitive global marketplace. It is also an industry with changing legal and regulatory requirements that necessitates advise and counsel that extends beyond the borders of a single country.
Our clients face tightening regulatory structures, an increasing need for innovative financing techniques, and escalating liability and insurance risks while attempting to gain a competitive advantage in this sector. It is becoming increasingly necessary to stay current on legal developments, particularly while crossing borders.
We have established the industry knowledge required to give specialized help through our work with prominent transport and logistics firms, their advisers, and their suppliers. We can field an informed and highly qualified team of lawyers in major markets across the world since we are an interdisciplinary group with a global presence.
Experience
Our admiralty and maritime law services cover the following areas, in which we advised our global clients, and represented them to the concerned authorities very forcefully and strongly:
All matters, contracts, and disputes concerning Carriage of Goods
Marine Insurance
Cruise Lines and Passenger Ships
Marine Wrecks and Casualties
Salvage
Contracts and disputes related with Repair, Construction, Sale, or Purchase of Ships
Ship Registration and Mortgage
Marine Pollution and Environmental Issues
Approach
Our clients have access to the following resources:
A dedicated and world-class Transport & Logistics team managed by partners who have used their expertise of the sector’s business dynamics, significant players, and critical business drivers to assist a wide range of stakeholders on transportation and logistics transactions for many years.
A team with a track record of effectively advising on some of the most high-profile transactions in the transportation and logistics industries.
Legal services that are tailored to and precisely focused on the needs of our customers on a specific transaction.
A global network enables us to provide professional legal advice everywhere in the world while also providing the necessary local know-how in a seamless manner and to the standards anticipated of one of the world’s leading law firms.
AREAS OF SPECIFIC EXPERTISE
– Dry/Wet (Tanker) Shipping (Advisory, Documentation & Litigation)
– Admiralty & Crisis Management (Advisory, Documentation & Litigation)
– Mergers & Acquisitions (Advisory & Documentation)
– Transactions & Regulation (Advisory, Documentation & Litigation)
Innovation
We provide advice to shipping companies and financial institutions in all shipping markets. The dedicated practice, which handles corporate and commercial shipping matters as well as ship finance work, commodities and international trade work, and offshore oil and gas matters, specializes in offshore oil and gas matters and more complex structured financings.
Tahmidur Rahman Remura Wahid is the only law firm in the world that documents transactions in all of the current major equipment financing markets, and we have extensive experience dealing with many of the major export credit agencies in relation to a wide range of shipping assets.
How much money is required for company registration in Bangladesh?
The governmental fees for registering a company are determined by the amount of authorized capital. Government fees for the issuance of an Incorporation Certificate shall be BDT 1000.
How long does it take to register a company in Bangladesh?
Once the aforementioned formalities have been completed, RJSC will usually issue the certificate of incorporation (Company registration certificate) within 6-8 working days.
It usually takes 2-3 weeks from the date of submission of all documents to RJSC to register a company.
What is BIDA?
Bangladesh Investment Development Authority (BIDA) is in charge of facilitating foreign investments in the country.
BIDA's responsibilities include issuing work permits for foreign employees, visas for foreign investors, processing loans from foreign sources, approving remittance of royalties and technical fees, assisting in the acquisition of industrial plots, facilitating utility connections, approving foreign loans, suppliers credit, and providing assistance and advice on a variety of investment-related issues.
Foreign investors with industrial projects are strongly advised to register with BIDA after forming their limited company. However, there is no requirement for a commercial or trading company to register with BIDA. The average time frame for obtaining registration is 7-10 working days.
What documents are needed to set up a private limited company in Bangladesh?
1. Memorandum of Association
2. Article of Association
3. Certificate of Incorporation
4. Trade License
5. TIN
6. VAT Registration Certificate
7. Name Clearance
8. Environmental Clearance Certificate
9. Fire Certificate
What is the minimum capital required for a private limited company in Bangladesh?
In Bangladesh, there is no minimum or maximum authorised capital for a local company.
However, for practical reasons and to obtain complete flexibility in terms of expatriation and bringing in foreign expatriates, a minimum of USD 50,000/- must be invested in the Company.
Can a single person start a company in Bangladesh?
Bangladesh does not allow a single person to open a private limited company or One Person Company (OPC).
A private limited company must have at least two shareholders. In the case of a public limited company, however, the total number of shareholders required is seven.
Can a private limited company have one director in Bangladesh?
A private limited company must have at least two directors. Local or foreign nationals may serve as directors.
Directors must be at least 18 years old and have never been bankrupt or convicted of a crime. A director is required by law to own the qualification shares specified in the Articles of Association.
What is the difference between authorised capital and paid-up capital?
- Authorised capital: The amount of authorised capital must be specified in the Memorandum of Association and Articles of Association. It is the maximum amount of share capital that a company may allocate to shareholders.
In Bangladesh, there is no minimum or maximum authorised capital for a local company. However, for practical reasons and to obtain complete flexibility in terms of expatriation and bringing in foreign expatriates, a minimum of USD 50000/- must be invested in the Company.
-Paid-Up Capital : The minimum paid-up capital for registering a Bangladeshi company is Taka 1 (for local companies) and USD 50000 (for foreign companies).
About Barrister Remura Mahbub | One of the most innovative young lawyers in Bangladesh
Barrister Remura Mahbub is a finance partner and one of the Bangladesh's market leading international lawyers. She is head of the firm's Mergers and Acquisitions practice, which advises corporates and financial institutions on outbound and inbound investments, projects and financings.
Meheruba has a diverse finance practice , representing large banks, financial sponsors, and corporations. She specializes in acquisition and structured financings, loan portfolio purchase and financing, real estate financings, and inbound and outbound transactions. She has extensive expertise in the energy and infrastructure industries.
Work highlights
Meheruba has acted on many high-profile Finance and Commercial deals in Bangladesh and India. These include advising:
⦾ Standard Chartered Bank on the sale of a portfolio of loans in Bangladesh, the first in a series of similar deals in Bangladesh as part of the government’s directive to banks to focus on the robustness of their balance sheets.
⦾ the lending and underwriting banks on the refinancing of US$6.9bn worth of debt uninsured by the Summit Group
⦾ Brookfield Property Partners on the acquisition and financing of Unitech’s real estate portfolio
⦾ Enron on the US$3bn Dhabol power project (since renamed Ratnagiri Gas and Power), the first ever inward investment into the power sector
⦾ the sponsor and borrowers on the Sakhalin LNG project, the world’s largest integrated oil and gas project and the largest LNG financing in Russia
Email: remura.mahbub@gmail.com
Address: 2 Turner Street, Canning Town, E16 1FH, United Kingdom
Gender: Female
Job Title: Barrister and Senior Associate