Speakers at a seminar observed that Asia is becoming the hub for global economic activities as in terms of foreign direct investment as well as trade, the region is leading the world. Considering this, arbitration will gain importance for growing activities in investment and business among the countries in Asia, they said at a seminar at a hotel in the capital on Saturday. The BIAC and the Rajah & Tann Singapore LLP jointly organised the seminar titled ‘The Rise of International Arbitration in Asia’ where prominent lawyers of the country were present. Lauding the role of the Bangladesh International Arbitration Centre (BIAC), they said BIAC is the country’s first and only ADR (Alternate Dispute Resolution) service institution, which is not only providing arbitration and mediation facilities but also generating awareness and training in these areas. Francis Xavier, SC and V Bala while Sameer Sattar, representatives from Rajah and Tann Singapore LLP spoke at the seminar. Mahbubur Rahman, Chairman, BIAC Council moderated the function. Welcoming the guests, Dr. Toufiq Ali, Chief Executive of the BIAC observed that Asia is becoming the hub for global economic activity.
