Bangladesh International Arbitration Centre (Biac)

bangladesh international arbitration centre is the first international arbitration institution of the country. it is registered as a not-for-profit organization and commenced operations in april 2011 under a license from the government. three prominent business chambers of bangladesh, namely, international chamber of commerce-bangladesh(icc-b), dhaka chamber of commerce & industry(dcci) and metropolitan chamber of commerce & industry(mcci), dhaka are sponsors of biac. the international finance corporation (ifc) – the private sector arm of the world bank – with funds from uk aid and european union, is supporting biac in the initial stages under a co-operation agreement. biac provides a neutral, efficient and reliable dispute resolution service in this emerging hub of south asia’s industrial and commercial activity. biac introduced its arbitration rules in april 2012. these rules incorporate some of the leading developments in domestic and international arbitration, while conforming to t