DCCI lauds move to set up commercial court sees boost for business climate
Business Desk :
Dhaka Chamber of Commerce & Industry (DCCI) President Taskeen Ahmed has lauded the government initiative to set up the commercial court, calling it a timely step to strengthen commercial dispute resolution and improve Bangladesh’s pro-business climate.
DCCI President Taskeen Ahmed said that although Bangladesh has the Artha Rin Adalat and the Arbitration Act-2001, their limited jurisdiction and weak integration into a broader dispute resolution framework have constrained the ideal business-related dispute settlement culture in the economy.
In this context, he said, the recently approved Commercial Court Ordinance 2025 could play a game-changing role, according to a DCCI press release issued on Friday.
The DCCI president made the remarks while calling on the former chief justice, Syed Refaat Ahmed, at his office in the Supreme Court on 24 December.
Taskeen noted that efficient commercial dispute resolution is a key priority for ensuring a pro-business climate amid an increasingly competitive global economy.
He stated that efficient commercial dispute resolution is critical to ensuring a pro-business environment in an increasingly competitive global economy. Taskeen Ahmed also praised the Chief Justice for recognising the need for commercial courts amid the country’s challenging political and economic circumstances.
The DCCI President further acknowledged initiatives taken by the Chief Justice to strengthen judicial independence, including the establishment of the Supreme Court Secretariat, digitisation of court operations, and formation of the Supreme Judicial Appointment Council, noting that these measures would help boost private sector confidence in the judicial system.
Responding, Chief Justice Dr Syed Refaat Ahmed stated that the private sector should continue its collective efforts to transform the Commercial Court Ordinance into a full-fledged Act and ensure its effective implementation to support trade and investment growth. He emphasised the importance of collaboration between the Supreme Court and DCCI in building a private sector–friendly regulatory ecosystem.
He also recognised DCCI as a strong voice of the business community and expressed hope that the chamber would play a greater role in accelerating private sector led investment and trade in the coming days.
Senior Vice-President of DCCI, Razeev H Chowdhury; Vice-President, Md Salem Sulaiman; and Acting Secretary-General, Dr AKM Asaduzzaman Patwary, were also present at the meeting.