The following Competition guidance note Produced in partnership with Dr. Kamal Hossain and Associates provides comprehensive and up to date legal information covering:
A conversation with Sharif Bhuiyan, partner, and Maherin Khan, senior associate, at Bangladeshi law firm Dr. Kamal Hossain and Associates, on key issues on merger control in Bangladesh.
NOTE–to see whether notification thresholds in Bangladesh and throughout the world are met, see Where to Notify.
There have been no notable recent developments regarding the Bangladeshi merger control regime, nor are there any updates/developments expected in the coming year, except that a new company law may be enacted.
There is no consolidated legislation in Bangladesh dealing with mergers and acquisitions. A number of statutes and by-laws regulate acquisitions and mergers in Bangladesh. The most relevant legislation are the Companies Act 1994 (the Companies Act), the Securities and Exchange Ordinance 1969 (the SEC Ordinance), the Bangladesh Securities and Exchange Commission Act 1993 (the SEC Act), the Foreign Exchange Regulation Act 1947 (FERA), the Competition Act, 2012 (the Competition Act) and the by-laws made under these statutes.
There are also other sector-specific laws which deal with mergers and acquisitions in specific areas (for example, the Insurance Act 2010 for insurance companies, the Bangladesh Telecommunication Regulation Act 2001 for the telecom sector, etc).
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