Best Funds & Asset Management Lawyers in Dhaka

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Counsels Law Partners (CLP)
Dhaka, Bangladesh

Founded in 2016
50 people in their team
Bengali
English
Banking & Finance Funds & Asset Management Investment +9 more
About Counsels Law PartnersCounsels Law Partners (CLP) is a full service international law firm with its head office in Dhaka, Bangladesh. Further, it also has branches in Chittagong and Sylhet. It is one of the best reviewed law chambers in Bangladesh. The CLP team is a blend of UK trained...
Bangladesh Law Partners BDLP

Bangladesh Law Partners BDLP

15 minutes Free Consultation
Dhaka, Bangladesh

Founded in 2019
15 people in their team
English
Bengali
Best ranked law firm in Dhaka, Bangladesh across multiple guides. Best known for its corporate, litigation & family law departments. BDLP is a law firm in Dhaka providing reliable legal services to its esteemed clientele which includes top corporate houses and general public. Its head office is...
S Hossain & Associates Law
Dhaka, Bangladesh

Founded in 2007
50 people in their team
Bengali
English
WHO WE ARES Hossain & Associates is a full service law firm in Bangladesh and has adequate knowledge, expertise, lawyers, consultants and logistics to undertake any legal, para legal or related service. We are experts in any litigation i.e. cases before any court of law be that Bangladesh...
Tanjib Alam and Associates
Dhaka, Bangladesh

Founded in 2009
50 people in their team
Bengali
English
Tanjib Alam and Associates is a fully fledged law firm in Bangladesh consisting of associates with vast experience in corporate and commercial practice in Bangladesh. Tanjib Alam and Associates takes pride in serving its clients and is one of the very few law firms in Bangladesh who has a strong...
Sattar&Co.
Dhaka, Bangladesh

Founded in 2013
50 people in their team
Bengali
English
About Sattar&Co.Sattar&Co. is a high-calibre law firm with a combination of in-depth specialist skills and overarching understanding of the legal framework in Bangladesh. Sattar&Co.’s excellent service and practical know-how have been consistently recognized and recommended by leading...
Farooq & Associates
Dhaka, Bangladesh

Founded in 1973
50 people in their team
Bengali
English
Founded in 1973 by the Late Mohammad Ozair Farooq, Senior Advocate of the Supreme Court of Bangladesh, Farooq and Associates is among the leading law firms in Bangladesh, and offers a range of specialist legal services and assistance in various sectors of law to both domestic and international...
Tahmidur Rahman Remura
Dhaka, Bangladesh

Founded in 2019
50 people in their team
Bengali
English
Barrister Tahmidur Rahman is an IEB (The Institution of Engineers, Bangladesh) accredited Engineer and a QLD(Qualifying Law Degree) holder, who simultaneously pursued and acquired First Class results in Computer Science and Engineering (CSE) from North South University and LL.B.(Hons.) from British...
Shawn Novel & Associates
Dhaka, Bangladesh

Founded in 2007
10 people in their team
Bengali
English
About UsShawn Novel & Associates is a reputed law firm committed to providing excellent quality legal services to its clients. At our firm, we understand the needs of our clients and value them in the highest priority. Our expertise and experience are devoted to prompt delivery of professional...
Vertex Chambers
Dhaka, Bangladesh

Founded in 2006
50 people in their team
Bengali
English
We are a Bangladeshi law firm providing efficient and cost effective representation and advice to our clients in business and commercial matters. We are approachable and a dedicated team, aiming to provide tailored resolution as per our client’s needs. Our partners, each having over a...

Founded in 2000
50 people in their team
Bengali
English
Corporate lawyerCorporate lawyer in Bangladesh: “The Lawyers & Jurists” is a non profitable organization, a concern of “The Lawyers & Jurists Foundation” - Reg No: S- 11869. The services of the chamber are the offspring of the sincere, well-thought-out and meticulous teamwork of its...
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About Funds & Asset Management Law in Dhaka, Bangladesh

Funds and asset management is a growing sector in Dhaka, Bangladesh, playing a crucial role in the financial ecosystem of the country. It involves managing investment funds, portfolios, and assets on behalf of individuals, companies, and institutional investors. The industry is regulated by several laws and overseen by government authorities to ensure transparency, protect investors, and promote healthy financial markets. In Bangladesh, funds and asset management primarily covers areas like mutual funds, alternative investment funds, pension funds, private equity, and portfolio management services. The Bangladesh Securities and Exchange Commission (BSEC) is the principal regulatory body governing this area.

Why You May Need a Lawyer

Legal assistance is essential in funds and asset management for a variety of reasons. You may require a lawyer if you are setting up a new fund, ensuring regulatory compliance, or entering into investment agreements. Lawyers help translate complex financial and legal jargon, safeguard your interests, and reduce potential risks. Situations commonly needing legal guidance include disputes between fund managers and investors, allegations of mismanagement, due diligence for mergers and acquisitions, and drafting or reviewing fund-related documentation. A lawyer can also offer critical support if you face regulatory actions, investigations, or are seeking licenses or approvals from governmental authorities.

Local Laws Overview

In Dhaka, funds and asset management activities are regulated mainly under the Securities and Exchange Commission (Mutual Fund) Rules, 2001, and the Securities and Exchange Commission (Alternative Investment) Rules, 2015. Additionally, the Companies Act 1994 and other associated financial regulations may apply depending on the nature of the entity. The BSEC supervises fund registrations, licensing of asset managers, and protection of investors through strict disclosure and reporting requirements. There are compliance norms regarding capital adequacy, reporting, operational transparency, fit and proper criteria for sponsors and management, and prevention of money laundering. Non-compliance with regulatory frameworks can lead to penalties, deregistration, or even prosecution.

Frequently Asked Questions

What is a mutual fund, and how does it work in Bangladesh?

A mutual fund pools money from multiple investors to invest in securities like stocks, bonds, or money market instruments. In Bangladesh, mutual funds are regulated by the BSEC and operate under strict rules to protect investors' interests.

Who regulates funds and asset management companies in Dhaka?

The Bangladesh Securities and Exchange Commission (BSEC) is the main regulatory authority overseeing funds, asset management companies, and their activities in Dhaka and across Bangladesh.

How do I start an asset management company in Dhaka?

To start an asset management company, you must obtain licenses from the BSEC, comply with eligibility and capital requirements, and follow rules for company registration and operational conduct.

Are foreign investors allowed to invest in Bangladeshi funds?

Yes, foreign investors can invest in Bangladeshi mutual funds and other investment vehicles, although certain conditions, reporting obligations, and foreign exchange regulations may apply.

What are the main risks involved in funds and asset management?

Risks include market volatility, fund mismanagement, regulatory action, lack of diversification, fraud, and failure to comply with local laws.

What is the role of a custodian in fund management?

A custodian holds and safeguards the assets of a fund, ensuring proper recordkeeping, settlement of trades, and compliance with regulations.

What happens if a fund manager breaches the law?

If a fund manager violates laws or regulations, they can face penalties, loss of license, legal action, and compensation claims by aggrieved investors.

Is it mandatory to appoint trustees for funds in Bangladesh?

Yes, appointing independent trustees for mutual funds is mandatory. Trustees act in the interests of investors and oversee fund operations for compliance.

Can disputes between investors and asset management companies be resolved locally?

Yes, disputes can be resolved through negotiation, mediation, or arbitration. If required, parties can approach courts or regulatory authorities for resolution.

How can legal assistance improve the safety of my investments?

Lawyers can conduct due diligence, draft or review agreements, guide on regulatory compliance, and represent you in disputes, significantly reducing risks and protecting your interests.

Additional Resources

For more information and guidance, you may consult the following resources:

  • Bangladesh Securities and Exchange Commission (BSEC) - The primary regulator of the capital market and funds
  • Dhaka Stock Exchange (DSE) - Facilitates trading of mutual funds and other listed securities
  • Bangladesh Bank - The central bank for certain banking regulations applicable to asset management
  • Bangladesh Investment Development Authority (BIDA) - For foreign investment support and approvals
  • Bangladesh Association of Publicly Listed Companies (BAPLC)
  • Local law firms specializing in banking, finance, and capital markets

Next Steps

If you require legal advice or assistance for funds and asset management matters in Dhaka, Bangladesh, consider these actions:

  • Clearly identify your legal or business objective, such as forming a fund, ensuring compliance, or resolving a dispute
  • Consult a reputable lawyer or law firm experienced in financial and capital markets law
  • Gather and organize all relevant documents, agreements, regulatory filings, and correspondence
  • Prepare a list of questions or concerns to discuss with your lawyer
  • Ask your lawyer for a written engagement and fee structure before proceeding
  • Stay informed about regulatory developments through official channels and industry publications

Engaging professional legal support early helps ensure compliance, reduces risks, and facilitates successful management or resolution of complex funds and asset management matters in Dhaka, Bangladesh.

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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.