About Us

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A.S & Associates, is a leading Bangladeshi Corporate Law firm, specialized in Foreign Direct Investment, Corporate & Project Financing, Capital Market, Corporate Restructuring including Merger & Acquisition, Energy & Power Sector, Banking & Financial Institution related matters, Construction Sector, Employment Law, Real Estate & Land related matters, Corporate Governance & Compliance, Telecommunication & Admiralty matters  and Litigation & Arbitration. The firm, a Global Law Expert Recommended Law Firm, has 19 lawyers including 04 partners and operates from its Principal Office in Dhaka, Branch Office at Maymensingh and Network Firm at Moulovibazar. The Firm is the exclusive Bangladesh member of TAGLaw®, a worldwide alliance of international law firms over 90 countries.

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Legal Updates

All economic zones and all entities situated within the economic zone have been declared exempted from the registration requirement of Board of Investment and from the taxation of local government (Pouroshova). (25.04.2016 2 gazette published by the Gov. of BD)

With prior permission of Bangladesh Bank, Non Banking Financial Institutions (NBFI) are now entitled to hold any meeting through video conference (DIFM Circular No. 05 dated 18.04.2016)

Pecuniary jurisdiction of the District Court has been extended up to BDT. 50,000,000.00 by the Civil Courts (Amendment Act), 2016 on 12.05.2016.

Bangladesh Bank is currently approving local companies to invest in foreign countries. (Daily Prothom Alo; Dated 02.09.2016,Pg: 13);

Chittagong port carried 2.02 million containers in 2015, improving 11 steps to be ranked as 76 by Lloyd’s List (Daily Prothom Alo; Dated 02.09.2016,Pg: 13);

Any shares of a listed company allotted in favour of directors or shareholder having 5% or more shares through stock-dividends, which were not allotted at the time of the consent for IPO but after listing, shall be subject to the lock-in period of 2 years from the date of the issuance of the prospectus for IPO. (BSEC/CMRRCD/2009-193/184/Admin/67 dated 13.03.2016)

Bangladesh Bank has decided to enhance the remittable limit for IT or software firm from USD. 20,000.00 to 25,000.00 in a calendar year. Accordingly the limit for issuance of the International card to a nominated official of IT/Software firm has also been increased to USD. 2,500 from 2,000 (F.E Circular No. 23 dated 10.08.2016

Recent Events

  • GPH Ispat Limited, one of the leading steel manufacturing companies in Bangladesh, advised by A.S & Associates for Issuance of Commercial Paper of BDT 1000 Million.
  • A.S & Associates became the first and the exclusive Bangladesh member of TAGLaw®-a worldwide alliance of independent Law Firms over 90 countries.
  • A.S & Associates assisted in takeover and restructuring of Adco Pharmaceuticals and Chemicals Limited.
  • A.S & associates advised a Power & Energy corporation regarding corporate structuring and project infrastructure of a Power Plant.
  • Dato Jude P Benny, President, ADVOC & Founding Senior Partner of JTJB visited A.S & Associates for assessing membership application of ADVOC, a worldwide alliance of 94 law firms over 70 countries.
  • AS & associates advised both Doreen Power House and Technologies Limited (the Issuer) and Lankabangla Investment Limited (the Arranger) in a commercial transaction, valued BDT 400 million.
  • A.S & Associates is advising a foreign bank and a local company in the establishment of a Non-Banking Financial Institution in Bangladesh with an initial paid up capital of BDT. 1000million.
  • Banco Securities, a stock-broker and a TREC holder, retained A.S & Associates for providing services in relation to its operation and taxation.
  • Doreen Power House and Technologies Limited appointed A.S & Associates as its legal counsel for issuing Cumulative Redeemable Preference Shares.
  • A.S & Associates advised Lankabangla Investment Limited with issuance of non-convertible, unsecured, redeemable zero coupon bond of BDT.200crore.
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Practice Area

Corporate & Project Financing and Direct Foreign Investment

Bangladesh is a booming economy, recently making the list of low-middle income countries as per the World Bank. Consequently, in Bangladesh, the fastest growing practice area is the Corporate/Project Financing & Investment as the economy is enlarging with a stable government in power. According to the IMF, the Bangladeshi economy is projected to grow from $180 billion to $322 billion by 2021.

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Energy & Power Sector

The Government has given highest priority to the power sector development in Bangladesh and is committed to making electricity available to all citizens by 2021. In this connection, the Government has initiated implementing reform measures in the power sector, including significant development programs.

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Litigation & ADR

Despite the recent growth of the corporate sectors in Bangladesh, the legal profession is still dominated with high volume of litigations. To ensure our clients are receiving best litigation supports, we offer litigation services through 03 (Three) separate wings of A.S & Associates, dedicated for the Criminal Litigations, the Civil Litigations and the Writ Matters at the High Court Division respectively.

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Real Estate, Immovable Property & Development

Real estate business is one of most rising ventures in Bangladesh. This sector plays an important role for sustainable development of the economy of Bangladesh. In each year approximately 9,000 to 10,000 units of apartment deliver to the people who are expecting to be an owner of the apartment at the same time approximately 5,000 to 6,000 units of plot deliver to the people who are expecting to be a land owner.

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Employment & Labor Law

Although Bangladesh is not developed in the industrial sector, the progress of development in this sector is remarkable. Govt. of Bangladesh has introduced number of different legislations and policies, in line with international requirements, for protecting its labor market.

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Compliance, Governance and Regulatory Matters

With the change in the corporate culture, the need of regulatory and policy compliance, good governance and internal control have increased significantly. Even the local business entities are now being compelled to adhere to minimum industry standard for surviving the competitive international markets.

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Government, NGOs, Non-profit or Charitable Organization

We understand that legal support required by different Govt. entities, Non-Profit Organizations, NOGs or Charitable Organizations/Foundations is inherently different from the need of the corporate sector. In fact, these entities are governed by special legislations and regulations.

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Telecommunication Sector

In Bangladesh, Telecom sector has seen mobile penetration growth that has exceeded all expectations to bring the vision DIGITAL BANGLADESH of Bangladesh Government in reality. In recent years, the Telecommunication Sector of Bangladesh has seen some bold moves from the operators and the regulators, including merger of two of the leading providers, takeover of one operator by a foreign operator and revocation of license of another leading operator for non-compliance.

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International & Commercial Contracts

In the Corporate World, the importance of Agreement cannot be denied in any way rather it bears extensive significance. All corporate transactions are based on and governed by the mutually agreed terms and conditions of the Contract. We believe that a meticulously drafted agreement, that captures and reflects the understanding of the Parties, is the key to a successful business relation and makes the difference between a long and complex  legal battle and an amicable resolution in case of a dispute.

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Taxation

Bangladesh as an emerging developing country is committed to augmenting revenue and achieving fiscal discipline with a view to increasing self-reliance. The external environment influencing the tax performance of Bangladesh has changed remarkably as the country became increasingly integrated with the global economy.

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Corporate Affairs & Restructuring including Merger & Acquisitions

In light of the globalization, the way business is conducted in Bangladesh has changed fundamentally. The Government has put much emphasis in developing the Business sector of the Country and thereby offering incentives, tax holiday for new business enterprises. The manifestation of the government has also been proved in the decision of establishing some Economic Zones (EZs) at different parts of the country.

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Admiralty/Maritime & Shipping Law

As a Developing Country, Bangladesh is rapidly growing in various industrial sectors. The mandate of the current government of Bangladesh is to be a developed country by 2050. To facilitate the process, Govt. has created multiple Special Economic Zones and is providing incentives to business corporations.

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Capital Market

The Capital Market of Bangladesh is the major heart of financial sector of Bangladesh. Its capital market is the third largest in the south Asia region. It has two full-fledged automated stock exchanges. The Securities and Exchange Commission regulates the stock exchanges and the listed securities over the market.

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Banking & Financial Institution

The opportunity for Banking and Financial Institutes are enormous in the context of the developing economy of Bangladesh. With  projected grow of economy from $180 billion to $322 billion by 2021, 6.6% growth rate of the GDP, net Foreign Direct Investment hitting over $2.2 billion in 2015, the Banking & Financial Institutes are likely to become one of the most profitable sectors of Bangladesh.

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