Bangladesh has two main arbitration institutes — the Bangladesh International Arbitration Centre (BIAC) and the Bangladesh Institute of Arbitration (BIArb) — providing institutional arbitration and mediation services for commercial disputes. Both institutes play an important role in developing Bangladesh’s ADR ecosystem and providing businesses with alternatives to court litigation for resolving commercial disputes.
BIAC: Bangladesh International Arbitration Centre
BIAC was established in 2011 as the leading arbitration institute in Bangladesh. It administers arbitrations under the BIAC Arbitration Rules and mediations under the BIAC Mediation Rules. BIAC is a member of APRAG and has established relationships with ICC, SIAC, and other international arbitration institutions. BIAC maintains a panel of experienced arbitrators and mediators and provides modern hearing facilities in Dhaka.
BIArb: Bangladesh Institute of Arbitration
BIArb is another recognised arbitration institute in Bangladesh, providing arbitration and mediation services under its own rules. BIArb also provides training and accreditation for arbitrators and mediators in Bangladesh, helping to develop the country’s ADR capacity.
The Role of Arbitration Institutes in Bangladesh’s ADR Ecosystem
Arbitration institutes play a crucial role in Bangladesh’s ADR ecosystem by: providing a structured, professionally administered framework for resolving commercial disputes; maintaining panels of experienced, accredited arbitrators and mediators; providing training and accreditation for ADR practitioners; promoting the use of ADR as an alternative to court litigation; and connecting Bangladesh’s ADR community with international arbitration institutions and best practices.
TRW Law Firm: Arbitration Institute Expertise in Bangladesh
TRW Law Firm has extensive experience in BIAC and BIArb arbitrations and mediations, representing clients in all stages of proceedings. Contact TRW at tahmidurrahman.com or visit lawfirm.com.bd.
Frequently Asked Questions
What is the difference between BIAC and BIArb in Bangladesh?
BIAC is the larger and more internationally connected arbitration institute in Bangladesh, with links to ICC, SIAC, and APRAG. BIArb also provides arbitration and mediation services and training for arbitrators and mediators. Both are recognised arbitration institutes in Bangladesh.
Are BIAC and BIArb awards enforceable in Bangladesh?
Yes. Awards made in BIAC and BIArb arbitrations are enforceable as court decrees under Section 45 of the Arbitration Act 2001.
Can I use BIAC or BIArb for international arbitration?
Yes. Both BIAC and BIArb can administer international arbitrations involving foreign parties. BIAC is generally preferred for international arbitrations because of its international connections and larger panel of arbitrators.
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.
