The government plans to establish five commercial courts, including three in Dhaka and two in Chattogram, to resolve business disputes swiftly and protect foreign investors' interests, Law Minister Md Asaduzzaman said on Saturday (November 14).
Speaking at a stakeholder consultation on reforms to the Commercial Courts Act at Pan Pacific Sonargaon in Dhaka, the minister said the government was reviewing the existing law to make it more effective and investment-friendly.
He said the proposed courts would initially be established in divisional cities, with the aim of developing specialised expertise in commercial dispute resolution.
The minister said the existing law had several shortcomings and needed further revision. Disputes involving local partners, criminal cases filed by workers and VAT-related complications often create difficulties for foreign investors, particularly when they seek to repatriate their investments or profits.
He also called on stakeholders to submit specific recommendations within 10 days to help refine the draft law. The government aims to place the proposed legislation before Parliament in January.
The consultation was jointly organised by the Law and Justice Division and the United Nations Development Programme (UNDP) Bangladesh. A preliminary draft titled the Commercial Courts Act, 2027, was presented at the meeting, which was attended by the attorney general, senior government officials and representatives of international organisations and diplomatic missions.
-AH