Bangladesh Arbitration Act, 2001: A Gateway to International Commercial Law.
Bangladesh Arbitration Act, 2001: A Gateway to International Commercial Law International commercial law is built on one practical question: when parties from different countries enter into business, how will their disputes be resolved fairly, efficiently and enforceably? The Arbitration Act, 2001 of Bangladesh directly answers that question. It is not merely a domestic procedural statute; its very object is connected with international commercial arbitration, recognition and enforcement of foreign arbitral awards, and other arbitration-related matters . The preamble of the Act expressly shows that Bangladesh enacted this law to create a legal framework for international commercial arbitration and foreign award enforcement. The relationship between the Arbitration Act, 2001 and international commercial law is therefore structural. International commercial law governs cross-border trade, investment, construction, shipping, supply contracts, joint ventures, technology licensing, ban...