BIAC to assist BTI in settling disputes thru ADR

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Business Desk :
Muhammad A (Rumee) Ali, Chief Executive Officer of BIAC, and FR Khan, Managing Director of bti, shaking hands after signing an agreement in Dhaka on behalf of their respective organisations. Senior officials from both the organisations were present during the ceremony.
The Bangladesh International Arbitration Centre (BIAC) has signed a memorandum of understanding (MoU) with Building Technology and Ideas Limited (bti) for dispute resolution.
According to a statement, BIAC signed the MoU with the country’s one of the leading real estate companies to assist resolution of commercial and contractual disputes through Alternative Dispute Resolution (ADR). The signing ceremony was held at the bti office in Dhaka recently.
Muhammad A (Rumee) Ali, Chief Executive Officer of BIAC, and Engineer FR Khan, Managing Director of bti, signed the agreement on behalf of their respective organisations.
Tarikul Kamrul (COO), Md. Sharifur Rahman (ED Construction), Md. Shamsul Amin (ED CSD) and Md. Noor-E-Alam Siddique (ED Sales) of bti and MA Akmall Hossain Azad, Director, and Mahbuba Rahman Runa, Senior Counsel of BIAC, along with senior officials from both the organisations were present on the occasion.
This MoU will provide a framework for facilitating resolution of contractual disputes of bti using ADR methods such as arbitration and mediation through the ADR expert services of BIAC, the statement added.
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