The schedule changes every three months o so, and without advanced notice. However, the drafts of these law are 10 years old. Resource constraints in the law ministry are a problem. Insolvency laws, which mainly apply to individual insolvency, are not being used because of a web of falsified assets and uncollectable loss-indebtness supporting insolvent banks and companies. A new bankruptcy act was enacted in FY97 but has not been put to the test yet.
Land laws are in chaos as well.
Legislation records ae unreliable. People avoid registering mortgages, liens, etc., because duties and changes are high. Instruments take effect from the date of execution, not of registration, so a bona fide purchase can't be certain of title. Companies put clauses in arbitration agreements for the Bengali to bring disputes to the other county. As of June 1998, Bangladesh continues to discourage capital outflow.