The Bangladesh International Arbitration Centre (BIAC) is the leading arbitral institution in Bangladesh, providing professionally administered arbitration and mediation services for commercial disputes. Established in 2011, BIAC has become the preferred institution for commercial arbitration in Bangladesh, with a growing caseload and an expanding panel of experienced arbitrators and mediators.
History and Establishment of BIAC
BIAC was established in 2011 as a joint initiative of the International Chamber of Commerce Bangladesh, the Metropolitan Chamber of Commerce and Industry Dhaka, and the Chittagong Chamber of Commerce and Industry. It was established in response to the growing need for a credible, internationally recognised arbitral institution in Bangladesh. BIAC is a non-profit, non-governmental organisation and is a member of the Asia Pacific Regional Arbitration Group (APRAG).
BIAC’s Services
Arbitration
BIAC administers arbitrations under the BIAC Arbitration Rules, which are consistent with international best practice. BIAC maintains a panel of experienced arbitrators with expertise in commercial, construction, banking, real estate, and other sectors. BIAC arbitrations are confidential, efficient, and produce binding, enforceable awards.
Mediation
BIAC administers mediations under the BIAC Mediation Rules. BIAC maintains a panel of experienced, accredited mediators. BIAC mediations are confidential and voluntary, and settlements reached through BIAC mediation are binding contracts.
Training and Accreditation
BIAC provides training and accreditation for arbitrators and mediators in Bangladesh, helping to develop the country’s ADR capacity.
BIAC’s International Connections
BIAC is a member of APRAG and has established relationships with ICC, SIAC, LCIA, and other international arbitration institutions. This international network enables BIAC to administer international arbitrations involving foreign parties and to refer cases to international institutions when appropriate.
TRW Law Firm: BIAC Expertise in Bangladesh
TRW Law Firm has extensive experience in BIAC arbitrations and mediations, representing clients in all stages of BIAC proceedings. Contact TRW at tahmidurrahman.com or visit meheruba.com.
Frequently Asked Questions
Where is BIAC located in Bangladesh?
BIAC is located in Dhaka, Bangladesh. It provides hearing facilities and administrative support for arbitrations and mediations.
How do I file a case with BIAC in Bangladesh?
To file a case with BIAC, submit a request for arbitration or mediation to BIAC, attaching the relevant contract, a description of the dispute, and the registration fee. BIAC will then notify the other party and the proceedings will commence.
Is BIAC recognised internationally?
Yes. BIAC is a member of APRAG and has established relationships with ICC, SIAC, and other international arbitration institutions. Awards made in BIAC arbitrations are enforceable internationally under the New York Convention.
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 lawfirm.com.bd to speak with a specialist today.
