The government is planning to amend the Commercial Courts Act to boost foreign investment and ensure greater protection for investors, Attorney General Ruhul Quddus Kazal said on Saturday.
He made the remarks at a stakeholder consultation on commercial court reforms, jointly organised by the Ministry of Law and the United Nations Development Programme (UNDP) at a hotel in the capital.
Speaking at the event, the attorney general said there was no need to establish 75 commercial courts across the country.
“Enacting a new law alone will not be enough; effective implementation is equally important,” he said.
UNDP Resident Representative Stephen Rodrigues, also speaking at the consultation, said restoring investors’ confidence in the rule of law was crucial to creating a favourable investment climate.
He noted that attracting investment was not just about capital or infrastructure but also about ensuring investors had confidence in the country’s legal system.
Rodrigues stressed that investors must be able to rely on the judiciary to resolve disputes and protect their interests when faced with adverse circumstances.
