Bangladesh stands at a critical juncture, grappling with a political crisis that threatens the very foundation of its democracy.

The irony is that countries like the US object to an international legal framework because it interferes with their national sovereignty. Yet the most important principle to which the international community has given its assent is respect for sovereign immunity: There are limits beyond which markets – and governments – cannot go.

Germany, Bangladesh and International Labor Organization (ILO) have signed a tripartite deal to support the establishment of a National Employment Injury Insurance System in Bangladesh.