In a country like Bangladesh, the Banking sector acts as one of the main pillars of widespread economic growth. According to the central Bank of Bangladesh, our Banking sector has adequate capital and is well modulated. Consequently, it is regarded as one of the fastest growing economies in the world. Bangladeshi Banking Sector is growing rapidly and is considered as one of the strongest and regulated economies in the world opening vast opportunities for its people.
Recently, Bangladeshi banking industry has witnessed a historical decision of demonetization which has lead to an extensive liquidity crunch. The impact of this liquidity shock on the Bangladesh’s GDP is still uncertain and is under the examination of experts but it is certain that all monetary transactions will come under the banking system which will lead to the next big step in the expansion of Bangladeshi Banking system. It will result in the huge demand for the services of legal professionals as every major financial transaction requires the supervision of a Legal Adviser or Panel Lawyer or a Legal Analyst.
As a finance lawyer, it is our adhered duty to take care that our bank abides by all the statutory norms of the government and the detailed guidelines of Bangladesh Bank and there is no illegal activity going on. This makes it clear how vast opportunities are in the Banking Sector for attorneys and legal professionals because Bangladesh Bank guidelines and statutory provisions must be executed from the beginning to the end of the banking system.
Law is a common area for all financial advisers and planners. A lawyer in a banking institution is not always limited to give legal advice or handle lawsuits representing banks in courts, they are entrusted with versatile work roles.
We being an independent banking lawyer or a financial law firm serve clients, customers and authorities regarding financial issues that stretch from –
- Restructuring a business,
- Clearance of debt,
- Drafting or negotiating contact,
- Vetting legal documents,
- Settling Recovery issues,
- Structuring Limited Liability Partnership,
- Global Commercial Issues,
- Dispute Resolution,
- Fund Development,
- Preparing pleadings and drafts,
- Replying to queries and complaints,
- Review in Bank policies,
- Review and draft lease deeds,
- Research on Bank policies and statutory provisions,
- Ensuring legal compliance,
- Advising on leveraged financing,
- Handling Bankruptcy litigation,
- Project Development,
- Recovery of loans,
- Handling deferred payment issues,
- Settlement of NPA (Non-performing assets),
- Managing issues regarding SARFAESI Act ” Securitizations and Reconstruction of Financial Assets and Enforcement of Security Interest Act”,
- Settling cases relating to Negotiable Instruments Act,
- Settling cases relating to RTI Act,
- Handling Debt Recovery Tribunal,
- Handling matters of mortgage, real estate cases, contract, insurance, indemnity, foreign exchange investment, ombudsman complaint, consumer case, cross-border transactions, taxation to overall operations of banks.
Some Other Major Specialized Areas include —
- Compliance function department.
- Investment Banking.
- Private Equity.
- Legal Analysis.