The Bangladesh government has decided to hire a British law firm to represent it in an international arbitration case filed by S Alam Group founder Saiful Alam and his family. The case is being heard at the International Centre for Settlement of Investment Disputes (ICSID) under the World Bank. The firm will be paid an hourly fee of 1,250 US dollars. The decision was approved on Tuesday at a meeting of the government’s advisory committee on public procurement, chaired by Economic Adviser Salehuddin Ahmed.
Following the meeting, Salehuddin Ahmed told reporters that the S Alam family had filed a case in London challenging the government’s actions related to alleged money laundering. He said the arbitration notice from ICSID required a formal response from Bangladesh and described the matter as complex. He confirmed that the government would appoint a British firm but did not recall its name.
The arbitration case was filed in October last year, alleging that Bangladesh’s seizure and punitive actions over alleged money laundering caused losses worth hundreds of millions of dollars to the S Alam family. The family claims protection as Singaporean citizens under international investment law and Bangladesh’s 1980 Foreign Private Investment Act.
আন্তর্জাতিক সালিসি আদালতে এস আলম গ্রুপের প্রতিষ্ঠাতা সাইফুল আলম (এস আলম) ও তার পরিবারের করা মামলার বিরুদ্ধে লড়তে ব্রিটিশ একটি ল ফার্ম নিয়োগ দিচ্ছে সরকার। এই আইনি লড়াইয়ে সংশ্লিষ্ট ল ফার্মকে ঘণ্টায় ১ হাজার ২৫০ মার্কিন ডলার ফি দিতে হবে। আজ মঙ্গলবার স
The ‘1 Nojor’ media platform is now live in beta, inviting users to explore and provide feedback as we continue to refine the experience.
