Firm Profile > Fillip Partners > Dhaka, Bangladesh
Fillip Partners Offices
Suit 1A | Plot 4 | Lane 1A
Fillip Partners > Firm Profile
Fillip Partners formed its roots in 2014, establishing itself as a boutique legal and investment advisory firm based in Dhaka. The firm was organised by a team of four young, energetic professionals, two being lawyers and the other two finance professionals. Since its inception 6 years ago, the firm has come along way and expanded its services in various areas of law and financial services, advising clients in different industrial sectors. The firm serves a niche clientele within select industries/sectors for now, however it is inching towards and gradually developing its scope of transactional services to cater to a wider audience. The firm has inked strategic relationships with various international law firms in India, Germany, Japan, Hong Kong and Singapore, including local litigation firms such as Mohsen & Mohsen and Lex Corner to give its clients control over its dispute and the manner in which they intend to resolve it.
The firm works extensively in the power, banking, finance, hospitality, healthcare, ICT and telecommunications sector and specialises in general corporate, company and regulatory law.
In a very short span of time the firm partners have organised a formidable team and rendered outstanding advisory and transactional services to various local and international clients. The firm today works with the largest Private Equity and Venture Capital firms, including Fortune 500 companies and local blue chip firms .
The firms’ vision is to continue building extra-ordinary teams, expand practice areas and render top quality services to its clients, incorporating technology along the way. The goal is to excel in each sector the firm serves and eventually make the legal services department, a full-service firm in the near future. For now, however, it is sharply focused on serving its old and new clients alike, with unparalleled and custom -out of the box- solutions, best suited to the client, taking into account market intel and shifts in law and policy.
Fillip Partners has made a mark in investment advisory and has served clients coming to the shores of Bangladesh with investments in infrastructure, hospitality, healthcare, manufacturing among others; in the process the firm has developed a niche practice with the view to serving clients looking to invest in large infrastructure projects wade through the regulatory requirements and to help them better strategise their engagements with the government departments.
|Government Consulting||ASM Monirul Alam|
|Joint-Ventures||ASM Monirul Alam|
|Investment||ASM Monirul Alam|
|Data Protection and Privacy||Muhammad Zeeshan Mohsen|
|General Corporate and Commercial Advisory||Muhammad Zeeshan Mohsenemail@example.com||+8801911342000|
|Employment||ASM Monirul Alam|
|Banking and Finance||Muhammad Zeeshan Mohsen|
|Company||ASM Monirul Alam|
|Investment||Muhammad Zeeshan Mohsen|
|Capital Markets||Muhammad Zeeshan Mohsen|
|Corporate Law and Transaction Advisory||ASM Monirul Alamfirstname.lastname@example.org||+8801746507055|
LanguagesEnglish Bangla Hindi Urdu
1. One of our partners represented Mutual Trust Bank Limited for the sale of 10 % equity to NORFUND. This was a first of its kind transaction in the banking space in Bangladesh. The support was provided through out up-until regulatory approval.
2. Advised and continue to advise Zarou Limited, a Blackstone Portfolio company on potential investments in Bangladesh by screening potential targets.
3. Advised Matsuoka Corporation of Japan on its acquisition of a Korean bags manufacturer in an Export Processing Zone (EPZ) in Bangladesh.
4. Advised star sports on their claim over their distributor.
5. Advised Grameen Capital India regulatory requirements.
6. Advised AGS Consulting on tax advisory for their local client.
7. Advised Luanvi, a Spanish sportswear company on investment laws of Bangladesh and assisted them in setting up an office in Bangladesh.
8. Advised American Tower Company on the possibilities of investments in Bangladesh and advised on the regulatory regime currently in place in Bangladesh.
9. Advised Dr.Lal Path Labs of India in their acquisition of a local company in Bangladesh. The vehicle through which Dr.Lal Path labs brand was officially launched in Bangladesh.
10. Advised Odyssey Capital of Singapore on the aspects of setting up a water purification plant.
11. Advised Aggrekko on their tax obligations and incidences in Bangladesh
12. Acted as consultant for ADB and SAARCLAW for mapping of Energy Sector Laws and Policies and providing recommendations on policies to be adopted and laws to be amended with focus on regional integration of Energy markets.
13. Advised Havells India on intellectual property matters and enforced their rights by constituting team and activating a raid on potential counterfeiters.
14. Advised I&V Bio of Hong Kong and Nurture Tech of India that resulted in a tri-partite joint venture in the agtech space in Bangladesh.
15. One of our partners advised Advised Phillip Van Heusen (PVH) on their local merger with local Warnaco Inc operations post PVH’s $2.9 Billion acquisition of Warnaco Inc.
16. Advised Italdaghe S.pa. one of the oldest manufacturers of dredgers in the world on investment laws and regulatory affairs of Bangladesh.
17. Advised Smith & Nephew on regulatory issues.
18. One of our partners advised Decathlon on issues relating to labour and employment laws.
19. Advised ITD Bangladesh Limited and JRE GmbH on restructuring of their subsidiary in Bangladesh.
20. Advised GrameenIntel Bangladesh on their HR and labour law related issues.
Legal Developments28th August 2020
The Government of Bangladesh in a big forward leap has promulgated the One Stop Service Act 2018(“OSS” hereinafter) in order to make it easy for investors to setup and start running businesses in Bangladesh.
What is one stop service :
According to the definition of One Stop Service in Section 2 (2) of the Act, some 37-38 services as listed in the Schedule-B of the said act. The services are to be provided by Central or Regional OSS centres. The law further provides that there are four recognised bodies that shall be able to provide the services defined in the act as one stop services.
Who provides it :
The Central of Regional one stop services centres provide the service. According to the definition of Central One Stop Service Centre there are four organisations that qualify to provide all the OSS services listed in the Schedule- B. The four organisations are : Bangladesh Investment Development Authority (BIDA); Bangladesh Economic Zone Authority (BEZA); Bangladesh Export Processing Zone Authority (BEPZA); and Bangladesh Hi-Tech Park Authority.
Each of the Central and Regional OSS shall have a designated officer responsible for the OSS. The law call this individual the ‘focal point’.
At least two OSS centres have been established already; one at BIDA and the other at BEZA.
Bangladesh Small and Cottage Industries Corporation (BSCIC) has also been included as the latest eligible provider of ‘One Stop Service Act, 2018’ for attracting investors from both home and abroad.
Central and Regional OSS :
The Central OSS are the four organisation mentioned above. The Regional OSS are those that shall be established under the aegis of the four organisations around Bangladesh mostly at strategic locations and the only where the four organisations already have their offices. For example BEZA may have its offices across Bangladesh where it has its economic zones. The Four organisations shall propose to the government for the establishment of a regional OSS which the government shall do after consideration of the proposal through a published official gazette.
Standard Operating Procedures :
Under the OSS Act 2018 the Government has further issued a set of Rules titled : One Stop Service (Bangladesh Economic Zone Authority) Rules 2018. These rules shall be applicable to applications to BEZA and for investors who are investing in anyone of the many economic zones that Bangladesh Government has established and those that BEZA has permitted to operate in the private sector.
The Rules provide that any services under the OSS shall be provided as per the Standard Operating Procedures (SOPs). Section 9 of the Rules very categorically provide that the Focal Point shall only follow the SOPs and must complete task and provide services within the time framed by the rules and as contained in the schedule with respect to each service.
This is huge step forward and in the right direction. This will ensure systematic handling of application, sans any human intervention or discretion and most importantly permits, clearances and the like shall be made available to he investor in a timely manner. This will significantly impact the ease of doing business index and push Bangladesh above its peers and will act a great reprieve for investors.
Apart from BEZA other organisations shall also have SOPs in order eliminating any human discretion along the way, that is key to achieving the environment required to attract foreign investment.
Establishment of an Online Portal for OSS :
The Rules provide that an OSS portal shall have to be made in due time by BEZA in order to facilitate automation. Once the website has been established any investor would be able to apply for the listed services through the portal and on submission of relevant documents directly on to the OSS portal. However BIDA already has an online portal that is in operation.
Applying for OSS:
Investors have to apply to any one of the Central OSS in order to seek the OSS as per Section 6 of the act. The application will be considered in a committee meeting and the thereafter if approved OSS has to be provided in a timely manner. The law further provides that except for Central and Regional OSS the investor need not apply to any other department for the all the permits, licences, clearances and like service.
The law provides an entire mechanism of overseeing the system of OSS. A committee is mandated under the law, headed by the Minister. The Central and Regional OSS are under an obligation to provide quarterly reports on progress.
Section 9 further provides that any Focal Point (authorised person) who fails to provide any service in a time bound manner shall be referred back to the organisation he is employed under. According to the particular organisations rules prompt action shall be taken against that official.
Prior to this act each of the four organisations were only providing liaison services between the many various government departments that are responsible in issuing permits, licences and clearances for a international investor. This law brings in a paradigm shit in the manner which business looking to enter Bangladesh will be able to in a time bound manner and with an element of forseeability initiate business in Bangladesh with ease and by seeking out to only one of the four organisations be it Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zone Authority (BEPZA) or Bangladesh Hi Tech Part Authority (BHPA). This will push Bangladesh in the ease of doing business ranking as well.