Shaikh Md Mujahid Ul Islam

Bangladesh has missed the critical deadline to implement the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC 2009), which it ratified in June 2023, but enforcement is still pending as of June 2025.

Bangladesh ratified the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships 2009 in June 2023, and it will enter into force in June 2025.

This is a crucial time in Bangladesh to find out the ways to reduce the default loan in the banking system, in a scenario where the amount of default loan is above 99 thousand crore taka only in 2018. All the stakeholders including the new Government of Bangladesh are searching ways to reduce this default loan. In this writing, I am trying to find out the way of reducing default loans through shifting the paradigm of liability of the defaulter from civil to criminal liability.