Bangladesh International Arbitration Centre (BIAC) signed a Memorandum of Understanding (MoU) with Summit Alliance Port Ltd. for resolution of commercial dispute using ADR methods. The Signing Ceremony was held on last Thursday at the Corporate Office of Summit Centre in Kawran Bazar, Dhaka.
Mr. Muhammad A. (Rumee) Ali, Chief Executive Officer, BIAC and Syed Fazlul Haque FCA, Director, Summit Alliance Port Ltd. signed the MoU on behalf of their respective organisations. Mr. Mahbubur Rahman, Chairman BIAC and Syed Ali Jowher Rizvi, Managing Director, Summit Alliance Port Ltd. were Present in this signing ceremony.
The MoU will provide a framework to facilitate resolution of contractual and commercial disputes (if arises) of Summit Alliance Port Ltd. using ADR methods- namely Arbitration and Mediation, through expertise services of BIAC.