The scope of the Arbitration Act 2001
The Arbitration Act 2001 (the AA 2001) is the governing arbitration legislation in Bangladesh which was formulated on the basis of the United Nations Commission on International Trade Law (UNCITRAL) Model Law of 1985 (the Model Law). Although the Model Law has been revised in line with the progressive developments of arbitrations globally, the AA 2001 did not undergo similar developments. The rapid development in the global arbitration community has caused the lapses of the AA 2001 to be vividly apparent.
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