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Nafiul Alam Shupto

Nafiul Alam Shupto

L.L.B (Hons), North South University

M: +8801681015105
E: nafiul@cekled.com

Nafiul has been a member of the Firm since 2020, serving as an Associate. He earned his LL.B. (Hons) degree from North South University (NSU), Dhaka in December 2019.
While at NSU, Nafiul served as the Joint Secretary at the North South University Law & Mooting Society (NSULMS). He gained extensive experience in moot court activities and earned the NSU moot court championship title. Additionally, Nafiul contributed as a Research Assistant in various national and internationally funded projects during his time there.
After joining the Firm, Nafiul has acted as counsel for a range of local and international clients, providing legal assistance in contentious and non-contentious matters in areas including:

  • Banking, Financial Services and Foreign Investments.
  • Business Incorporation/Registration
  • Competition and Anti-Trust
  • Dispute Resolution (Litigation and Negotiations)
  • Employment
  • Energy and Projects.
  • Fintech
  • M&A
  • Technology, Media & Telecommunication (TMT)
  • Trust Law

Representative matters:

Nafiul acted as part of a team co-counsel, junior counsel in all of the below representative matters:

  • Advised clients on preparation and enforcement of finance documents, collateral documents, including hypothecation or mortgage of assets, share pledges and other security arrangements.
  • Advised corporate foreign clients on dividend and capital repatriation regulations imposed by the Bangladesh Bank.
  • Advised international corporate clients on anti-money laundering, anti-terrorist financing regulations.
  • Advised multiple local and international clients on foreign exchange regulations; restrictions and requirements on Bangladeshi companies establishing branches/subsidiaries outside Bangladesh.
  • Advised from time to time on formation of foreign, joint venture and local businesses, at the Registrar of Joint Stock (RJSC).
  • Advised from time to time on striking off, winding up including initiation of creditors’ winding up process.
  • Advised and represented a MNPS License holder in a competition dispute matter before the Competition Commission Bangladesh.
  • Advised multiple foreign and local clients regarding competition law of Bangladesh.
  • Assisted senior counsel in representing clients before the Appellate Division and the High Court Division of the Supreme Court of Bangladesh in various company matters.
  • Assisted senior counsel in representing Apollo Tyres India before the Joint District Judge, Dhaka with regard to a title suit and obtained judgment in favour of the client.
  • Assisted senior counsel in representing various banking companies in various money suits before the District Court, Dhaka.
  • Represented Dignity Textile Mills Ltd in negotiations to reach a settlement in a commercial dispute with Dhaka Custom Agents Association.
  • Advised both employers and employees in wrongful termination procedure, claims and disciplinary matters.
  • Advisory, drafting/review and registering gratuity, provident funds, and workers profit participation fund in light of Bangladesh labour laws.
    Review of employee contracts, handbook, confidentially and non-disclosure agreements and policies.
  • Advised multiple international clients on foreign worker employment laws, regulations, foreign employee earnings’ repatriation laws, work-permit, employment visa and special waiver applications at the Bangladesh Investment Development Authority (BIDA).
  • Advised multiple international clients regarding sexual harassment at workplace laws of Bangladesh.
  • Advised multiple international clients regarding Employee Stock Ownership Plan (ESOP) in light of Bangladesh law.
  • Advised local and international client with regard to
  • Advised a global solar energy company in relation to laws and regulations of outward remittances from Bangladesh, being routed out of an SPV registered in Bangladesh, including the selling of electricity by foreign private investors in Bangladesh.
  • Advised an international client through Mayer Brown LLP on public procurement laws of Bangladesh concerning a JICA funded government infrastructure development project of Bangladesh.
  • Advised Shardul Amarchand Mangaldas & Co on cross border trading of electricity in light of Bangladesh energy law regulations.
  • Advised an UAE based Energy Company in the proposed acquisition of waste to energy power plant in Bangladesh. Representation included conducting corporate and legal due- diligence, employment, tax and environmental laws and general legal and regulatory matters.
  • Advised Sweco Denmark A/S on public procurement laws of Bangladesh concerning a government infrastructure development project.
  • Advised local and international fintech companies on licensing regulations and laws in relation to mobile financial services (MFS), payment service provider (PSP) and payment service operator (PSO) laws and other related Bangladesh Bank regulations.
  • Advised local and international fintech companies on laws and regulations relating to unsecured private digital-lending (micro-loans) and regulations for digital wallet and mobile financial services (MFS) in Bangladesh.
  • Advised In Financial Technologies Holdings Pte. Ltd with regard to introducing virtual bank and provide digital lending services in Bangladesh.
  • Advised a leading U.S private equity firm through Kirkland & Ellis LLP in acquiring two large global package manufacturing companies operating in Bangladesh.
  • Advised Startup Bangladesh Limited, the flagship venture capital fund of the ICT ministry of Bangladesh, in the investment worth BDT 100 crore made to 100 prominent startup companies of Bangladesh. Representation included conducting corporate and legal due- diligence, employment, tax, general legal and regulatory matters, term sheet negotiation, preparing and negotiating investment agreements and shareholders agreement.
  • Advised and represented Bettex HK Ltd in acquiring two garments factories in Bangladesh.
  • Advised a local company in the acquisition of PSP Licensee Company.
  • Advised an UAE based Energy Company in the proposed acquisition of waste to energy power plant in Bangladesh. Representation included conducting corporate and legal due- diligence, employment, tax and environmental laws and general legal and regulatory matters.
  •  Advised a large global telecommunication service provider company through DLA Piper UK with regard to satellite laws of Bangladesh.
  • Advised Netflix regarding OTT laws of Bangladesh.
  • Advised a TVAS licensee on BTRC regulations and conditions/terms of service.
  • Advised Visa Worldwide Pte concerning the implementation of a trust structure in Bangladesh.
  • Advised an American biotechnology company through Sidley Austin LLP, regarding the foreign donation laws of Bangladesh.
  • Advised Pepsico India Holdings Limited regarding packaging and manufacturing of Lay’s Potato chips in Bangladesh.
  • Provided company secretarial support to Big Bad Wolf Bangladesh, Delivery Bangladesh Logistics Limited. (Indian Logistics unicorn).

Newspaper Articles

  1. One last prayer & white supremacy. Publisher- Kathmandu Tribune
  2. Legal termination of pregnancy resulting from failed contraception. Publisher- New Age
  3. A tale of white-collar workers’ rights in Bangladesh. Publisher- New Age
    The Pornography Control Act, 2012.Publisher-New Age
  4. Laws safeguarding animal rights. Publisher-New Age
  5. Road Transport Act 2018: Financial aid or compensation? Publisher- New Age
  6. A law of power and energy impunity? Publisher-New Age
  7. Stairway to green Dhaka. Publisher-New Age
  8. Analysis of Harijan inclusivity, Publisher-New Age
  9. UN peacekeepers: protectors or predators? Publisher-New Age
  10. Freedom of thought, conscience and of speech in Bangladesh Publisher-New Age
  11. A legal review on ‘tarnishing the country’s image’, Publisher-New Age

Reports

  1. LEGAL SOLUTIONS FOR SUSTAINABLE FUTURES IN SOUTH ASIA: HOW PRO BONO CONTRIBUTES TO SDG PROGRESS, Published by Advocates for International Development (A4ID) and UKAID, Date of publication: 23 November 2023.
  2. Legal reform as a catalyst for social enterprise: an international social enterprise law & policy report, prepared and published by Morrison & Foerster LLP with support from Lex Mundi Pro Bono Foundation. Mr. Nafiul contributed in the Bangladesh part of this report.

Presentations and Seminars

  1. Conducted a session on “Financial Compliances and Term Sheet” at Regional Startup Network (RSN) Formative workshop hosted by KIIT – TBI in collaboration with U.S Consulate Kolkata in Dhaka, Bangladesh.
  2. Attended 12th Asia Pro Bono Conference: The Evolution of Empowering Pro Bono and Access to Justice” in Cebu City, Philippines.

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