COMPLETE LEGAL SOLUTIONS
Your one-stop legal & regulatory partner for the jurisdiction of Bangladesh
Clients often need more than just lawyers and grey legal advice. They often look for practical advice and strategic inputs to make business decisions in the context of the Bangladesh market. It demands that we understand and speak the business language rather than just legalese, and also that we come up with innovative solutions and structuring ideas for businesses and transactions. Law firms often need to act more like a business solutions firm and ACCORD CHAMBERS is just about that!
ACCORD CHAMBERS offers a broad spectrum of legal services to uphold the firm motto, which is to provide complete legal solutions for its clients. Accordingly, we are equipped to assist you and your corporation by advancing all requisite legal supports that are incidental to your day to day business operation or a particular transaction. We will be more than happy to share with you comprehensive details of our services at your request. However, the section below showcases some of our most frequently availed services in the jurisdiction of Bangladesh.
At Accord Chambers, we let you concentrate on your business priorities & planning, and leave the rest on us. We provide a wide range of business setup services in Bangladesh for startups, medium enterprises and large business conglomerates.
Our one-stop company formation service package includes:
Bangladesh has evolved as an excellent investment destination and witnessed an unprecedented influx of FDIs. Foreign investors frequently need more than plain legal advice, whether they are entering the Bangladesh market for the first time, continuing businesses or engaging in piecemeal transactions or project execution. They need a “reliable partner” that offers full service “complete legal solutions”, and that is what is engraved in our firm motto.
It is important for foreign investors and their in-house legal departments to take local guidance for the success and growth of their ventures in Bangladesh. Repatriation of funds and taking an exit is also a concern that needs to be catered to carefully. We have years of experience in providing integrated business solutions and ensuring legal and regulatory compliances in the jurisdiction of Bangladesh. Our service packs for foreign investors include:
Labor law compliance isn’t only about avoiding sanctions or mitigating risks of penalties. It is about maintaining a safe and healthy work environment for all of your employees and giving fair treatment to your workers. Adherence to and compliance with Bangladesh’s labour & employment laws, along with keeping up with your HR policies, helps you to build a sustainable, long-lasting business.
Accord Chambers keeps up with all of the latest labour law changes. We provide comprehensive audits that help companies of all sizes see where they’ve fallen short. A periodic labour law compliance audit keeps non-compliance from wrecking your company’s future. After we locate areas of risk, we’ll help you to implement the necessary changes. You can stop worrying that you’re not in compliance with the labour and employment laws of Bangladesh.
We also act as your labour law compliance watchdog, and provides practical advice and assistance with the following:
We assist our clients with compliance with all compulsory local regulations for operating a company as well as with internal compliances and corporate governance issues. We provide all the necessary management services allowing our clients to start their businesses without the burden of fixed costs associated with having an in-house legal & compliance department, contract managers or full-time company secretary.
A wide plethora of our corporate management, contracts management and company secretarial services include:
Whether you are investing in a business, acquiring a project, purchasing land or fact-checking about an entity, legal due diligence is an imperative part of the transaction or acquisition process. Red flags revealed in the due diligence will play a large role in your company’s decision of whether and how to do business or get involved in a stipulated transaction.
Accord Chambers is here to ensure a timely and friction-free legal due diligence process. Our Legal Due Diligence allows you to better understand your business, become acquainted with your company, help to evaluate the target company, help draft the relevant documentation, identify barriers to closing and set out legal opinions. At Accord Chambers, we believe it is important that we look at a problem from all angles. In situations that involve legal due diligence, we are committed to providing you with all of the facts in order to make complex business decisions.
A wide range of our due diligence services include:
Managing a business generally and structuring deals, in particular, is complex. Our extensive experience with diverse industries, accompanied by the full integration of our Bangladesh-focused, niche practice areas, allows us to handle mergers and acquisitions and corporate structuring & restructuring from start to finish. Accord Chambers provides a full range of end-to-end corporate law services starting from complex advisory services in mergers and acquisitions processes to corporate structuring guidance in the jurisdiction of Bangladesh. We frequently advise both national and international companies and groups with the most suitable, secured and tax-efficient legal structuring under the laws and regulatory framework of Bangladesh.
A full suite of services offered by Accord Chambers include:
Accord Chambers team of project documentation and negotiation experts will work to assure your contract negotiations achieve for your corporation watertight contracts but at the same time result in a win-win negotiation outcome for all stakeholders. Effective contract negotiation and drafting play a prominent role in the procurement cycle. The lack of a comprehensive contract, as well as an in-depth review of the contract, poses a risk to both parties. We have been at the forefront of drafting and negotiating project documentation for some of Bangladesh’s largest construction and infrastructure project. Our experience of negotiating and drafting complex contracts and familiarity with FIDIC, World Bank and ICC frameworks have taught us how to navigate the fine line between balanced contracts and great contracts. Accord Chambers can assist you in your contract writing and negotiations, whether as part of a full professional sourcing drive or as a one-off engagement. Be it a complex EPC contract, turn-key project documentation or a simpler sale & supply agreement, we have got it all covered.
Our Project Documentation and Negotiation Services include:
In a legal environment where tax legislation is constantly under revision, our tax consultants keenly support the client’s business objectives, contribute to the implementation of the selected structure, and ensure compliance with all tax and transfer pricing compliance obligations.
Multinational organizations are operating in an environment of unprecedented complexity. The rising volume and variety of intercompany transactions and transfer pricing regulations coupled with increased enforcement activities by the National Board of Revenue (NBR) of Bangladesh has made transfer pricing a leading risk management issue for multinational enterprises in Bangladesh. From advising your corporation on the transfer pricing regulatory framework of Bangladesh to helping your practices match your policies, our teams of experienced professionals can help interpret the expectations of tax authorities and explain to you the documentation requirements under the laws of Bangladesh.
Moreover, our wide range of tax advisory services designed to provide optimal solutions tailored to the needs of each client individually include the following:
In an era of unprecedented business disruptions, timely dispute resolution is critical. In-person, virtual or hybrid arbitration with an experienced Accord Chambers counsel, arbitrator or mediator provides effective dispute resolution. Members of Accord Chambers having 20+ years of dispute resolution experience successfully resolve business and legal disputes by providing efficient and cost-effective ways of overcoming barriers at any stage of conflict. The firm offers customized, in-person, virtual and hybrid dispute resolution services through a combination of first-class client service, the latest technology and highly trained litigation lawyers, arbitration practitioners and arbitrators as well as mediators.
We provide world-class legal representation in the following matters:
Voluntary activities by non-governmental organizations (“NGO”) and the legal framework for receiving foreign donations or contributions in Bangladesh are now governed by the Foreign Donations (Voluntary Activities) Regulation Act, 2016, which has been specifically enacted to regulate the functioning of local and foreign NGOs operating within the jurisdiction of Bangladesh. Our experienced lawyers offer one-stop legal support to NGOs interested to undertake projects in Bangladesh, which include the following:
We are amongst the very few law firms in Bangladesh that are not confined within our borders but frequently represent its clients beyond in international arbitrations governed by the laws of England or laws of Bangladesh. Members of Accord Chambers have successfully represented corporations as legal counsels in international arbitrations before the ICC International Court of Arbitration in Singapore and GAFTA in London alongside numerous domestic and international arbitrations seated in Dhaka, Bangladesh. We have also secured interim protective measures during the pendency of dispute resolution proceedings. We also represent clients in execution proceedings for the enforcement of foreign arbitral awards passed by ICC, SIAC, FOSFA, ICA, GAFTA etc.
The litigation team of Accord Chambers is comprised of highly experienced trial lawyers having 20+ years of experience in complex civil and commercial litigations in the jurisdiction of Bangladesh as well as a notable white-collar crime practice. We have to assist our clients with pursuing as well as defending money claims, injunctive reliefs and declaratory suits in a wide range of contentious matters. Multiple MNCs, US-based corporations, EU based contractors, major insurance underwriters globally, leading oil & gas corporations in the US, UAE, Singapore and Bangladesh and global commodities suppliers have all benefitted from the relentless hard work of our litigation lawyers. Our litigation coverage extends to most commercial hubs of Bangladesh including Dhaka, Chittagong and Sylhet.
Accord Chambers has an excellent practice that advises its domestic and international clients on the full range of legal issues. Its corporate offering has been busy advising on a variety of large scale construction and infrastructure projects and on numerous foreign investments and M&A transactions. The agile team frequently works in close collaboration with major international law firms in the UK, Singapore, China, UAE, Hong Kong, Vietnam and India. Its Admiralty and Dispute Resolution practice is also flourishing. Managing partner Suhan Khan has been called to the Bar of England and Wales and also practises as an Advocate of the Supreme Court of Bangladesh. Senior partner Mamun Chowdhury is a seasoned practitioner who is vastly experienced in all aspects of commercial litigation. ‘Accord Chambers is an extremely professional law firm composed of highly dedicated lawyers. It is a mixture of experienced professionals and young talent‘.
What the team is known for
Emerging corporate practice, deft in assisting international and domestic clients with project financing, acquisitions and development, particularly in the energy sector. Additionally experienced in advising clients regarding cross-border M&A and investments from a wide range of industries. Also well versed in employment issues, as well as the healthcare, insurance and telecommunications sectors.
Suhan Khan is “very cooperative and accommodating, and readily accedes to clients’ requests,” according to an interviewee. He possesses particular expertise in assisting clients with M&A and joint ventures in various sectors, as well as matters relating to energy, infrastructure, technology and telecommunications.
“The biggest strength of Accord Chambers is its team and its experience. The firm’s arbitration practice stands out as it is one of the very few law firms in Bangladesh that has first-hand experience of representing clients in international commercial arbitrations. It is the first choice for corporations in Bangladesh when faced with international and cross-border disputes.”
‘The team is readily available and accessible around the clock with impressive response times. Unlike many conventional law firms in Bangladesh, members of Accord Chambers speak boardroom language and always come up with innovative yet practical solutions to critical business problems‘.
A source notes: “Accord Chambers has performed in an exemplary way. The quality of the work is excellent and the responsiveness is very good.“
Another interviewee comments that “their team assists with clear explanations and the exact amount of precision needed, and they are always there to support you.“
‘Members of Accord Chambers have a thorough understanding of EPC and turnkey contracts and various industrial projects and can thus act as your trusted partners in the course of negotiating highly complex industrial contracts. The team has an extensive understanding of how businesses function in Bangladesh and will, therefore, make sure that the required legal, technical and commercial outcome is achieved.’
‘What distinguishes Accord Chambers from other firms in Bangladesh is its ability to maintain international standards and professionalism. The members of the firm have a deep understanding of legal and business risks involved in complex cross-border contracts and have the experience of regularly handling project documentation and transactional structuring.’
‘What is impressive about Accord Chambers is that it does not confine itself to typical legal services but rather acts as your domestic business solutions partner. Starting with the very negotiation and drafting of joint venture agreements all the way to the incorporation of JVC and contracts thereafter, the firm really provided a one-stop-shop and added value at every stage of the deal’.