Private poultry supplier moves the Permanent Court of Arbitration against a specialised agency of the UN seeking a multi-million rupee award
A private poultry business, represented by ABS & Co, has initiated arbitration proceedings before the Permanent Court of Arbitration against a specialised agency of the United Nations (UN). The claimant seeks a multi-million rupee claim against the agency for a breach of contract. The Permanent Court of Arbitration, established by a treaty in 1899, is […]
Cigarette manufacturer secures relief under the Sales Tax Act, 1990
We secured a victory for a major tobacco manufacturer by obtaining an order declaring unmanufactured tobacco as an exempt supply. The case arose from the exemption of unmanufactured tobacco under the Sales Tax Act, 1990. On an application filed by ABS & Co, the Appellate Tribunal Inland Revenue annulled the show cause notices and the demand […]
GoldFin raises $2 million from Insitor
We have advised Goldfin Limited in successfully raising $2 million in funding from Insitor Impact Asia Fund II Pte Limited, a regional impact investment fund managed by Insitor Partners (Insitor). ABS & Co’s team advised on the entire transaction structure and helped draft and negotiate the transaction documents. GoldFin was founded by an experienced team of […]
Islamabad-Pindi Metro contractor secures release of retention money from the High Court
We secured the release of our client’s retention money that was being withheld by RDA due to pending audit objections. The Lahore High Court, Pindi Bench has ordered the Rawalpindi Development Authority to release Habib Construction Services’ retention money with interest. In 2015, Habib Construction Services entered into two contracts with RDA for the construction […]
Acquittal secured in NAB reference concerning Multan Metro Bus Project
Our team has successfully obtained an acquittal for the contractors who had been indicted in a criminal case arising from the Multan Metro Bus Project. On 28 February 2023, NAB’s Accountability Court-II, Multan acquitted all 10 contractors from Reference No. 05-M/2019 titled The State vs. Sabir Khan Sadozai. The reference was filed by the National […]
Sonica Plastics in a multi-million rupee insurance claim against CICL
ABS & Co team comprising of Sarjeel Mowahid, Isfandyar Haroon and Ali Asghar advised Sonica Plastics Industries in a multi-million-rupee insurance claim against Century Insurance Company Limited, including representing Sonica in proceedings before the Securities & Exchange Commission of Pakistan (Insurance Division). Eventually the parties reached an amicable settlement which enabled Sonica Industries to secure […]
ZoodPay on the launch of Mastercard’s first virtual instalment card
We’ve advised Zood (ZoodPay I ZoodMall) on the launch of the first-ever instalment card by ZoodPay and Mastercard. The legal team was led by Samar Masood, Manahil Gilani and Natalia Najam from the Lahore office. As part of this agreement, ZoodPay will serve as Mastercard’s lending partner for consumers and SMEs across multiple territories. This […]
GoldFin Limited secures permission to form an NBFC
We have advised Goldfin Limited in succesfully obtaining regulatory approvals from the Securities and Exchange Commission of Pakistan (SECP) to form an NBFC. The Securities and Exchange Commission of Pakistan (SECP) issued its NOC under Rule 3 and 4 of the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003, paving the way for the grant […]
Kingcrete Builders appoints ABS & Co as counsel in arbitration
Kingcrete Builders, one of Pakistan’s leading contractors, has appointed Lahore-based ABS & Co along with Islamabad-based, Sikander and Sherpao, as its legal counsels in its dispute with the Federal Government Employees Housing Authority (FGEHA). The dispute concerns the construction of the F.G Housing Foundation Towers in G-13, Islamabad for a total price of Rs. 12 […]
Development of Public Key Infrastructure (PKI) for the National Root Certification Authority (CA)
We are pleased to share that ABS & Co’s team led by Samar Masood, Natalia Najm and Manahil Gilani advised the Electronic Certification Accreditation Council (ECAC) and the Ministry of Information Technology and Communication on the launch of the Public Key Infrastructure (PKI) for the National Root Certification Authority (CA). The team advised ECAC on […]
Owners of ZKB-Reliable JV removed from ECL
The Ministry of Interior (MoI) has removed the names of all three directors of ZKB-Reliable JV from the Exit Control List (ECL). Three directors of ZKB-Reliable JV were placed on the Exit Control List back in February 2019 on the recommendation of the National Accountability Bureau (“NAB“) which had started investigations into the “Dualization of […]
Deployment of ERP solution in Pakistan Railways under a SaaS arrangement
ABS & Co advised Pakistan Railways and helped draft and negotiate the initial version of the Master Software Services and Consultancy Agreement signed between Pakistan Railways and TallyMarks Consulting Private Limited in a ceremony held in Islamabad. The agreement is for the deployment of SAP’s enterprise resource planning (ERP) system and is intended to inject […]
Waada Holding’s acquisition of MicroEnsure
ABS & Co acted as the transaction advisors on Waada Holdings (Pvt) Limited’s acquisition of MicroEnsure Pakistan (Pvt) Limited. This represents the second M&A transaction to have been concluded by ABS & Co’s lawyers in a space of a few weeks. With the acquisition, Waada is on a mission to become the leading brand of […]
McDonald’s on marketing The Legend of Maula Jatt
We’ve recently advised McDonald’s Pakistan on its brand integration and promotion agreement with the producers of The Legend of Maula Jatt. The movie is the highest-grossing film produced in the history of Pakistan and has broken all previous records at the box-office. The film is directed and written by Bilal Lashari and has been produced by […]
High Court appoints 2 ABS & Co associates as amicus
Aiema Asrar and Fatima Midrar from ABS & Co’s Islamabad office were appointed amicus curiae by the Honourable Mr. Justice Jawad Hassan of the Lahore High Court, Rawalpindi Bench in a landmark judgement regarding fixation of maintenance under the Family Courts Act, 1964. Justice Jawad Hassan has issued guidelines and laid down a detailed procedure […]
ZoodPay on its JV with NeemPro
ABS & Co acted as the legal advisors to ZoodPay on its partnership agreement with NeemPro. The JV forms an integral part of ZoodPay’s strategy to grow its holistic ecosystem of e-commerce, fintech and e-logistics services in Pakistan. It will enable ZoodPay to introduce its Shariah-Compliant Inventory Financing Solution for online merchants allowing the management […]
