Strengthening Bangladesh’s commercial justice system is crucial for improving the business climate, attracting investment and supporting sustainable economic growth, speakers said at a seminar in Dhaka on Thursday.
The event, jointly organized by United Nations Development Programme and Bangladesh International Arbitration Centre, focused on the need for faster and more predictable commercial dispute resolution mechanisms to enhance investor confidence and promote private sector development.
Addressing the seminar as chief guest, Md. Asaduzzaman said foreign investors seek legal certainty, protection and an efficient justice system. He stressed the need to strengthen the proposed Commercial Courts Act through necessary amendments, judicial training and more effective arbitration mechanisms.
European Union Ambassador to Bangladesh Michael Miller said investors consider not only market opportunities but also legal certainty and a secure business environment. He noted the EU’s support for commercial courts and rule-of-law initiatives in Bangladesh.
Stefan Liller highlighted UNDP’s support for implementing the Commercial Courts Act 2026, including digital solutions aimed at making dispute resolution faster, more transparent and accessible.
The seminar also featured discussions on reforms to the Arbitration Act 2001 and challenges in implementing the proposed Commercial Courts Act 2026, bringing together legal experts, policymakers and private sector representatives.
