Finance dispute arbitration in Bangladesh is an effective mechanism for resolving disputes arising from financial contracts, investment products, and non-bank financial institution (NBFI) transactions. Given the complexity of financial disputes and the technical expertise required to resolve them, arbitration — with its ability to appoint specialist arbitrators, its confidentiality, and its binding awards — is significantly more suitable than court litigation for many finance disputes in Bangladesh.
Types of Finance Disputes Suitable for Arbitration in Bangladesh
NBFI Disputes
Disputes between non-bank financial institutions (NBFIs) and their clients — including disputes over leasing agreements, hire purchase contracts, and microfinance products — are well-suited to arbitration.
Investment Disputes
Disputes between investors and financial institutions over investment products — including disputes over the suitability of investment advice, the performance of investment products, and the management of investment portfolios — can be resolved through arbitration.
Insurance Disputes
Disputes between insurance companies and policyholders over the terms and enforcement of insurance policies are well-suited to arbitration, particularly for commercial insurance disputes involving large sums of money.
Capital Market Disputes
Disputes arising from capital market transactions — including disputes between brokers and clients, and disputes over the terms of securities transactions — can be resolved through arbitration.
Legal Framework for Finance Dispute Arbitration in Bangladesh
Finance dispute arbitration in Bangladesh is governed by the Arbitration Act 2001. The substantive legal framework includes the Financial Institutions Act 1993, the Securities and Exchange Ordinance 1969, the Insurance Act 2010, and the Contract Act 1872.
TRW Law Firm: Finance Dispute Arbitration Services in Bangladesh
TRW Law Firm provides expert legal advice and representation in finance dispute arbitrations across Bangladesh. Contact TRW at tahmidurrahman.com or visit lawfirm.com.bd.
Frequently Asked Questions
Can NBFI disputes be arbitrated in Bangladesh?
Yes. NBFI disputes are arbitrable in Bangladesh, subject to the parties having a valid arbitration clause in their financial agreement.
Is finance dispute arbitration confidential in Bangladesh?
Yes. Arbitration proceedings in Bangladesh are confidential. This is particularly important for finance disputes, where confidentiality protects the commercial reputations of the parties.
How do I enforce a finance arbitration award in Bangladesh?
A finance arbitration award is enforceable as a court decree under Section 45 of the Arbitration Act 2001. The award creditor files an enforcement application in the competent court, attaching the award and the arbitration agreement.
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.
