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December 2015

2015 CLD 1331 (SC)

By |December 25th, 2015|

In the liquidation of a company, in the absence of a specific law that may have given preference to the claims of the Government at the relevant time, priority would depend on which encumbrance was [...]

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2015 CLD 1268

By |December 25th, 2015|

For ascertaining legal status and effect of proceedings before court of law, it was the content and meaning of judicial orders about such proceedings that were determinative and not the description or name given to [...]

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Deposit Protection Corporation Act 2015

By |December 25th, 2015|

A Government Bill.  It is observed that banking system in Pakistan has increasingly come to the fold of private sector and at the moment, the share of public sector banking is merely 19%. There is [...]

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Pakistan Halal Authority Act 2015

By |December 25th, 2015|

Surprisingly, or perhaps not surprisingly, this is also a Government Bill. It is observed that “there is a huge international market of Halal Business worth trillions of dollars, bulk of which is being taken away [...]

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Financial Institutions (Recovery of Finances) (Amendment) Act 2015

By |December 25th, 2015|

This Government Bill introduces several amendments but the most important amendment is introduction of section 15 under which the Bank is now entitled to sell the mortgaged property of a defaulting customer under rules framed [...]

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Corporate Restructuring Companies Act, 2015

By |December 25th, 2015|

This is a Government bill in order to establish a regime under which Corporate Restructuring Companies are to be incorporated, licensed and regulated by SECP to perform the business of acquisition, management, restructuring and resolution [...]

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Intellectual Property law

By |December 19th, 2015|

ABS & Co department of Intellectual Property law has recently obtained an important injunction in favor of Marvel Hotel from the Trade Marks Tribunal Lahore. Two rival companies were infringing the trade mark 'marvel' and [...]

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Federal Government

By |December 19th, 2015|

The Federal Government pursuant to its powers u/s section 31 (5) of the Generation, Transmission and Distribution of Electric Power Act 1997 imposed various electricity surcharges on all consumers of electricity. In a writ petition [...]

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