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Author: SSA

Sadat Sarwat and Associates > Articles posted by SSA (Page 2)

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

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....

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PCA Framework: Navigating New Bank Merger Guidelines 4 Key Steps

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....

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

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...

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

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...

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Navigating Child Custody in Bangladesh: 3 Legal Considerations

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...

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Best Business Lawyer in Bangladesh: 5 Reasons to Choose Us

Embarking on a business venture is an exhilarating journey that embodies the essence of innovation and entrepreneurship. However, this journey comes with its set of challenges, especially when navigating the intricate world of business law in Bangladesh. A common query among budding entrepreneurs is, "Do I need a business lawyer to start a business?" While the short answer is not always straightforward, understanding the complexities of business law and the pivotal role of a business lawyer can guide you through this journey more smoothly. At Sadat Sarwat and Associates, we pride ourselves on offering expert legal services tailored to the unique...

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Intellectual Property Law in Bangladesh: A Comprehensive Guide

Intellectual Property (IP) law is a specialized legal area focused on protecting creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. This body of law grants individuals and businesses property rights to the information and intellectual goods they create, offering them exclusive control over the use of these materials. IP law aims to foster an environment where creativity and innovation can flourish by ensuring creators and innovators can reap the benefits of their inventions and works, providing a crucial balance between the interests of innovators and the public. In Bangladesh, the...

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AI Transformation in Bangladesh: Deepfake Tech and Artificial Intelligence Policy 2024

The recent surge in AI's popularity has made household names out of tools like ChatGPT, Midjourney, and Quillbot. These AI marvels can do almost anything, from making Cristiano Ronaldo sing Hindi songs to merging faces of MKBHD and Shakib Al Hasan seamlessly. With AI at our fingertips, even the most fantastical scenarios come to life. Picture Cyberpunk-themed Dhaka cityscapes conjured by Midjourney, existing solely in our imaginations but made real through AI. As AI continues to evolve, it constantly challenges the limits of creativity and innovation. In this new era, the only boundary is our imagination....

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