Bangladesh: Firm has been appointed by Bangladesh Investment Development Authority (BIDA)
In order to make the entire business environment more favourable for the entrepreneurs and inverstors, Bangladesh Investment Development Authority (BIDA), the government agency responsible for managing foreign and local investment, in collaboration with IFC of World Bank Group, appointed the A.S & Associates as the lead legal consultant for making legislative reforms and redefining G2B and G2G processes.
As part of this historical legacy project, the Firm is responsible for assisting the government in implementing the land mark OSS project (which was also introduced with the help of the Firm in 2017-2018) and in achieving higher ranking in the World Bank's Doing Business Index by making the applicable regulatory framework more favourable for investment and business operation.
The Firm is working with nearly 20 government agencies and Ministries including National Board of Revenue, Registrar of Joint Stock, Capital Development Authority, Power Division, Credit Information Bureau, Custom and Port Authority, Ministry of Land, Ministry of Law, and Ministry of Commerce. Furthermore, the Firm is involved with drafting/reviewing more than 5 major legislations and regulations including the Companies Act, the Arbitration Act and Rules, the Commercial Court Act etc.
Successful completion of the assignments would significantly alter commercial and investment related regulatory regime for the country, resulting in growth of the economy.
It is also required to identify major legislative and process impediments of investment in Bangladesh and proposing modification by introducing necessary amendments to the relevant legislations, guidelines and/or prevailing practices, as required for simplifying the process of investment in Bangladesh.
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