The Law and Justice Division of the government has nominated three Bangladeshis for the posts of arbitrator and conciliator at the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank.
Former Chief Justice Tafazzul Islam got the nomination in conciliator post and Dr Rumana Islam, assistant professor at the Law Department of Dhaka University, and Barrister Moin Gani were nominated as arbitrators.
ICSID Secretary-General Meg Kinnear finalised their nomination after the Law and Justice Division sent it through the foreign ministry.
The nominated individuals have been included at the ICSID arbitrator and conciliator panels for a six-year term.
Earlier, Omnia Strategy LLP-Gi Co-Founder and Chair Cherie Blair sent a letter to the Bangladeshi Prime Minister expressing her interest in the selection process of qualified Bangladeshis in the ICSID panel for Bangladesh.
The Prime Minister's Office (PMO) sent the letter to the Law and Justice Division. Later, Law Minister Anisul Haque nominated the three individuals and sent the nomination to ICSID.
ICSID is the world's leading institution devoted to international investment dispute settlement.
Opposing parties may select arbitrators and conciliators from a panel appointed by ICSID. Moreover, arbitrators are also appointed in various ad hoc committees.