BY MOHAMMAD TAQI YASIR · PUBLISHED SEPTEMBER 18, 2018 · UPDATED SEPTEMBER 18, 2018 The Arbitration Act 2001 (the AA 2001) is the governing arbitration legislation in Bangladesh which was formulated on the basis of the United Nations Commission on International Trade Law (UNCITRAL) Model Law of 1985 (the Model Law).

Under the Muslim or Muhammadan law, a hiba or gift is the transfer of property made immediately by one person, the donor, to another, the donee, and accepted by or on behalf of the latter without any consideration, provided the donor totally renounced his title and rights in the property. Every Muslim of sound mind, except minor, may dispose of his property by way of gift. The Muhammadan law permits gifting away all properties during the donor’s lifetime in favour of a stranger, to the complete exclusion of the donor’s heirs. Nonetheless, a gift to a non-existing person is void.

Trademark is a private right and is essentially another word for brand name. It can be any name, word, symbol, slogan, or device that serves to both identify and distinguish a business or product from others in the market.