Arbitrator in Dhaka, Bangladesh

Definition of Arbitrator

The term ‘arbitrator’ is defined as a qualified person who conducts the procedure of arbitration of a disputed matter that has been introduced before them for the declaration and execution of a binding and enforceable award for the concerned dispute. In order to appoint an arbitrator in Dhaka, Bangladesh, for arbitration, it has to be ensured that the arbitrator is impartial and independent.

Quorum of Arbitrator in Bangladesh

Commonly, there shall be a quorum of arbitrators constituted with one to three members, and among them, one of the arbitrators shall be appointed to such a quorum by the concerned arbitration center in Bangladesh, and the other members of the arbitrator in Bangladesh shall be suggested by each party of the conflict. The arbitration institute in Bangladesh has several qualified arbitrators in Bangladesh to resolve conflicts between the parties.

In order to appoint an arbitrator in Bangladesh for arbitration, it has to be ensured that the arbitrator is impartial and independent. Section 13 of the Arbitration Act 2001 states the grounds for challenging the arbitrator in Bangladesh. If any question arises regarding the process of arbitration in the arbitration center in Bangladesh and the independence and impartiality of the arbitrators, in that case the Arbitration Act allows the parties to make a written representation to the arbitral tribunal within 30 days of knowing about the incompetency or partiality of the arbitrator of BD.

Qualifications of the Arbitrator in Bangladesh

Most of the commercial arbitration institutes in Bangladesh or the arbitration centers in Bangladesh are run by the retired Appellate Division or High Court Justices. Additionally, the retired district judges and senior lawyers of the High Court Division also act as arbitrators in Bangladesh.

The arbitrator in Bangladesh persistently makes an effort to maintain an effective resolution of disputes outside the court and tribunal. The Arbitration Act 2001 deals with the agreements in relation to the concerned disputes, the number of arbitrators in Bangladesh, the selection of an arbitration institute in Bangladesh to execute the arbitration, and other related activities following the rules of the arbitration center in Bangladesh.

Symposium on the Scope of International Commercial Arbitration in Bangladesh

Conclusion

A number of experienced arbitrators in Bangladesh work with BIArb, and they help facilitate the arbitration center in Bangladesh being more effective. Bangladesh Institute of Arbitration (BIArb) is a registered arbitration institution in Bangladesh for dispute management, where the concerned parties can seek help to solve their conflicts through an out-of-court settlement procedure by an arbitrator in Bangladesh.