Banking law covers the many state and private sector regulations governing financial institutions. Lawyers who practice in this area of the law handle everything from customer disputes and complaints against a bank, to complex litigation between domestic and foreign institutions, their investors, the government, and other parties. However, most banking Lawyers are hired to provide advice concerning regulatory compliance. In a country like Bangladesh which has just recently grasped the concept of online banking has yet to have a proper guide on this topic, until now.
The Banking Companies Act With Other Allied Laws was 15 June 2015 and is the Second Edition of the series written by Justice Md. Azizul Haque. It contains numerous corrections of First Edition and additions pertaining to recent legislations’ amendments such as the Bankers’ Books Evidence Act 1891, the Money Loan Court Act 2003 (Artha Rin Adalat Ain 2003) and the Money Laundering Act 2013. Due diligence and care has been put into researching, editing and printing the contents of this book with contributions poured in from many Legal Practitioners and Researchers. Furthermore, the book itself has both Bengali and English version of the Bank Company Ain 1991 (Ain No.14 of 1991) making it useable for all readers, as previously there were no English version of the Act itself. The writer has included the legislations and Obiter Dictas of foreign courts for a better comparison with domestic laws, making it even enriching for its concerned readers.
In Bangladesh the Banking sector is booming with many new types of features being offered by the banks to their client every day. However, there may lay hidden loopholes or conditions which may lead to an unsuspecting client to become a victim of the financial sector. Similarly, a bank doing its daily business by the book may be taken-out for a ride by an unscrupulous client that may entangle them in an expensive legal suite along with tarnishing the goodwill of the company. Thus, in such instances this book provides a basic guideline to those who may not be aware of the legal insights as dealt with by the courts and may safeguard them from such unprecedented troubles. So with confidence it can be said that it will be a great help to the Bankers, Judges, Lawyers, Law Teachers and even other concerned readers.
The book will not only be helpful to Bankers but also be helpful in various courts and research division should the practitioners of such Institutions require to look over any particular segment of law. Moreover, the writer’s dedication into writing this book is reflected by the huge volume of cases enlisted alongside specific legislations pertaining to various matters of fraud, cheating, malpractice, etc. Thereby, many law students can take proper notes and even use as reference material for their work.
In conclusion, it can be stated that the book has encased a huge volume of Banking legislations and Rules along with Case laws in a harmonious way for its readers to have an easy to read text that can be helpful even by a quick glance. Since there are not many books which form such a quality guideline on the topic of Banking, it may be worth the time to have a read even for satiating curiosity on the topic.