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Shipbuilding Industry of Bangladesh: Great Opportunity being Muddled by Negligence and Oversight

Introduction:  Shipbuilding craft is an ancient craft that has been around as transportation via ship has been around for thousand years. The shipbuilding industry is accountable for the design and the construction of both oceangoing and river plying vessels all around the globe. Modification of ships and construction operations are carried out in specialized facilities […]

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Bangladesh Central Bank Issues Emergency Alert over ‘High-Risk’ Cyber-Attack Threat

Cyber-attacks hit trades every day. Former Cisco CEO John Chambers once said, “There are two types of companies: those that have been hacked, and those who don’t yet know they have been hacked.”[1] Cybercrime has grown last year as individuals strive to profit from weak business processes. Frequently, perpetrators demand ransom and 53% of cyber-attacks caused […]

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Managing Risks that may lead to charter Party Disputes

Introduction High cyclicality, volatility and unpredictability characterize the economic environment of a shipping industry. The risk profile of the market is high. In international events (political, economic, technological, social, etc.) the freight levels and therefore the contract relations between ship-owners and charterers have significant impacts. In particular in the areas of safety and pollution, the […]

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Challenges faced by Banking Industry in Bangladesh

Banking industry is viewed as the core of a solid economy. This is particularly true for a developing country like Bangladesh. Since independence, this sector has kept the wheel of the economy pushing ahead. So it’s normal that any disturbance in the industry will prompt impacts in the economy of the country. There has been […]

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Prospects of Blue Economy: Realizing the Blue Dream of Bangladesh

What is Blue Economy? The Blue Economy conceptualizes oceans and seas as “Development Spaces” where spatial planning integrates conservation, sustainable use of living resources, oil and mineral wealth extraction from the seabed, bioprospecting, sustainable energy production, and marine transport.[1]In layman’s terms, it encompasses all the activities of the economy that transpires directly or indirectly at […]

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Termination Agreements: Contract Law and its importance in Business Transactions

Termination describes an agreement terminating or being brought to an early end. The impact of termination is to finish the agreement at one point and release parties. A party wishing to end the agreement ought to consistently consider the legitimate principle whereupon they are entitled. The interests of the party trying to end might be […]

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UK Court paves the way for a claim of £14 billion for MasterCard

The UK Supreme Court penned down a landmark decision on 11th  December 2020  in Merricks against MasterCard, rejecting the submission of MasterCard against the conditions defined by the UK Competition Appeal Tribunal (CAT) to certify class actions. The case is a landmark £14 billion mutual opt-out process. It began in 2016. The appeal for a […]

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How Bill of Lading Function as the Title of the Document

In modern international trade and shipping Bill of Lading is the most significant document. The bill of lading is a legally binding agreement that provides the shipper and carrier with all the information that is required for the transportation and proper invoicing of the freight and special directives to the carrier to ensure speedy delivery. […]

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Factors that contribute to ship collisions

The conditions that lead to these accidents vary generally, however there are a few distinct kinds of sea collisions that normally happen.[3]These are Side collision: This is the point at which one vessel is struck on its side by another vessel. It is basically a similar head as a T-bone sort  car accident Bow-on collision: This […]

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Prejudicial Decision Requires Application of Administrative Fairness & Principle of Natural Justice

Administrative fairness is a legal concept that guarantees equal decision-making. It has evolved over time as a result of decisions made by the courts in regulatory situations. Any decision-making processes, such as the Code of Conduct, have codified procedural or administrative equity obligations that ensure that administrative fairness is specifically endorsed under the law. On […]

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