The End of LIBOR and the Emergence of SOFR: A Critical Financial Transition

Posted by SSA

in Banking & Finance, Blog, Capital Markets & Securities, Financial Regulatory, Foreign Investment

It has nearly a 50-year long history. Each day, 18 international banks submit their ideas of the rates they think they would pay if they had to borrow money from another bank on the interbank lending market in London. It was the average interest rate on transactions that a selection of banks carried out with one another on a daily basis, for each currency and maturity term, and it was regulated by the Financial Conduct Authority (FCA). It was kind of like a benchmark for interest rates. LIBOR reached its final retirement on June 30, 2023....

25 August

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PCA Framework: Navigating New Bank Merger Guidelines 4 Key Steps

Posted by SSA

in Article, Banking & Finance, Capital Markets & Securities, Corporate Governance, Financial Regulatory, Mergers & Acquisitions, Private Client

The current bank merger is one of the protective measures as well as a discretionary measure for the non-performing banks under the purview of the prompt corrective action framework or PCA framework introduced by the Bangladesh Bank via BRPD Circular No - 17 dated 05.12.2023. Accordingly, on 04.04.2024, the Bangladesh Bank issued the first ever bank merger policy i.e. Guidelines for Merger/Amalgamation of Banks/Financial Institutions (the “Guideline”), outlining both voluntary or agreed mergers and forced mergers....

28 July

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A Complete Guide to Trademarks in Bangladesh: Registration, Protection & Enforcement

Posted by SSA

in Article, Intellectual Property Law

A trademarks in Bangladesh identifies the product of its origin and guarantees its unchanged quality. A trademark advertises the product and distinguishes it from others and is governed by The Trademarks Act, 2009. According to section 2(8) of the Act, a trademark can be any symbol, word, number, phrase, design, or any combination thereof which is used to identify the source of goods or services. There are mainly three kinds of trademarks namely, registered trademarks, mark, and certified trademarks. A registered trademark, or mark, refers to the exclusive right granted to an individual to use that mark in commercial transactions...

09 June

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Online Gambling Epidemic: 1xBet & Tackling Online Gambling in Bangladesh

Posted by SSA

in Article, Information Technology, Tech Law

Online gambling refers to the act of participating in games of chance or betting activities over the internet. These activities include casino games, sports betting, poker, and various other forms of wagering. In our country, online gambling has escalated significantly, facilitated by the widespread availability of smartphones, leading to addiction fueled by the desire for easy money. Particularly, sports betting has surged in popularity, with many youths initially engaging out of curiosity but later succumbing to addiction. Despite getting profits initially, individuals often end up losing substantial sums of money later on. Furthermore, the current legal framework fails to address...

12 May

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Navigating Child Custody in Bangladesh: 3 Legal Considerations

Posted by SSA

in All forms of ADR, Article, Family and Personal Law

In Bangladesh, the rate of divorce has become very high as a result of which the custody of the child/children have become a vital factor for the parents of the child/children who are getting divorced. Custody of the child is influenced by religious beliefs, cultural norms, and evolving legal frameworks. Navigating this landscape involves understanding the interaction between Islamic law, national legislation and societal expectations. The laws governing child custody in Bangladesh are crucial legal matters which parents must consider and it is also essential for parents to understand what a child will suffer if the parents will lack to...

Articles

The End of LIBOR and the Emergence of SOFR: A Critical Financial Transition

PCA Framework: Navigating New Bank Merger Guidelines 4 Key Steps

A Complete Guide to Trademarks in Bangladesh: Registration, Protection & Enforcement

Online Gambling Epidemic: 1xBet & Tackling Online Gambling in Bangladesh

Navigating Child Custody in Bangladesh: 3 Legal Considerations