Financial Service Practice

Bangladesh has come a long way in its economic growth. In just 46 years the gross domestic product (GDP) increased U$$ 5.70- 285.82 billion. The economy of Bangladesh is a developing market economy. It’s the 39th largest in the world in nominal terms, and 30th largest by purchasing power parity (PPP); it is classified among the Next Eleven emerging market middle income economies and a frontier market. Recently Bangladesh has been identified as a lower middle-income country and hopefully will become a developed country by 2041. Since Bangladesh has a developing economy the opportunity for Banking and Financial institutes is huge in this country.

Our Banking & Financial Disputes Practice advises many banks and financial institutions in Bangladesh on a wide range of contentious matters. We have significant experience in all types of banking and financial litigation, ranging from security enforcement, private equity litigation, financial product claims, financial regulatory disputes, and trade finance disputes to restitutionary claims. Some of our notable clients are:

• The Hongkong and Shanghai Banking Corporation Limited (HSBC),
• Muslim Commercial Bank Ltd. (Pakistan), Rupali Bank Ltd.,
• Al-Baraka Bank Ltd., Pubali Bank Ltd.,
• Eastern Bank Ltd.,
• Bank Asia, Jamuna Bank Limited,
• Industrial and Infrastructure Development Finance Company Limited (IIDFC),
• DLC Finance Limited,
• United Leasing Company Limited (ULC),
• Industrial Promotion Development Co of Bangladesh Limited (IPDC)