ABS & Co has been engaged by Zahir Khan & Brothers (ZKB) – a top-tier construction company registered with the Pakistan Engineering Council as a No Limit contractor (CA-125) – in a high-stakes matter relating to the release of its retention money kept by the Employer against the Rawalpindi-Islamabad Metro Bus Project.
ABS & Co is pleased to announce that it has successfully secured an award of Pakistan Rupees 721 million for Mughals Pakistan (Pvt.) Ltd. against Pakistan Real Estate Investment & Management Company (PRIMACO), a state-owned company operating under the administrative control of the Employees Old-Age Benefits Institution (EOBI). The arbitration arose out of a FIDIC based construction contract executed between the parties for EOBI mall / mixed use development project.
ABS & Co is pleased to announce its appointment as counsel to Guarantee Engineers in a major contractual dispute concerning the Recep Tayyip Erdogan Hospital Expansion Project, Muzaffargarh – a high-profile healthcare infrastructure project developed under the Infrastructure Development Authority of Punjab (IDAP).
ABS & Co is proud to announce a major success representing Habib Construction Services Limited in an arbitration against the Lahore Development Authority (LDA) concerning the Lahore Orange Line Metro Train Project (Package-I), one of the largest infrastructure projects in Pakistan.
We advised Stylers Int’l Limited (STYLERS) on its rights offering
ABS & Co advised Stylers in connection with its rights offer on the Pakistan Stock Exchange (PSX) through which a sum in excess of PKR 2 billion was raised by the company. The offering consisted of 53,540,353 right shares at an exercise price of PKR 43.50 per share. Meezan Bank and Topline Securities acted as the underwriters to the issue.
ABS & Co is proud to have successfully represented Power Construction Corporation of China Limited (PCCCL) in a significant contractual dispute arising out of the Tarbela 5th Extension Hydropower Project, co-financed by the World Bank and AIIB.
ABS & Co has drafted the Punjab Central Business District Development Authority (PCBDDA) Procurement Regulations 2024, marking a historic milestone in Pakistan’s public procurement landscape. These regulations, modelled on the UNCITRAL Model Law on Public Procurement, represent the first time that any public procurement agency has used UNCITRAL’s globally recognized model law as the foundation for its public procurement framework.
We are acting as claims consultant to Power Construction Corporation of China in relation to the Tarbela 5 Hydropower Project.
ABS & Co has been engaged by the Power Construction Corporation of China to act as its claims consultant on the $350 million Tarbela 5 Hydropower Project. The appointment cements ABS & Co’s position as the leading construction claims consultancy firm in Pakistan that specializes in contractor-side advisory.
We’ve advised on the launch of Pakistan’s latest communication satellite PAKSAT MM1.
ABS & Co’s lead by Amna Warsi and Ayasha Warsi, who lead the practice group on aviation law, have successfully advised the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) on the launch of Pakistan’s latest communicate satellite PAKSAT MM1. This is the second satellite launched by Pakistan.
In a groundbreaking deal for Pakistan’s tech sector, ABS & Co acted as transaction advisors to TallyMarks Consulting (TMC) Private Limited on its acquisition of Siemens Pakistan’s ERP Business.
As part of the deal, TMC has acquired Siemens Pakistan’s SAP ERP reselling business. By integrating Siemens’ seasoned SAP team, TMC has further strengthened its position as one of the market leaders in Pakistan and the region’s SAP industry for digital transformation solutions.
Islamabad High Court strikes down section 7-E of Income Tax Ordinance 2001.
Our team consisting of Sabila Daraz Khan, Aiema Asrar and Fatima Midrar successfully brought a challenge to the vires of the section 7E of the Income Tax Ordinance 2001. ABS & Co’s team represented private clients in several petitions before the Islamabad High Court where section 7E of the Income Tax Ordinance had been challenged on the basis that it is ultra vires to the Constitution of Islamic Republic of Pakistan, 1973.
We’ve successfully advised i3RL, a software development house based in Pakistan, on achieving General Data Protection Regulation (GDPR) compliance.
i3RL provides innovative software solutions and services over Microsoft and Android technologies. Its products benefit companies who wish to gain a competitive edge over other companies.
We’ve advised the owners of Quetta Gladiators on a partial sale of their equity stake in the PSL franchise to a Qatar-owned entity.
ABS & Co, led by Samar Masood, acted as transaction advisors for the acquisition of shares by JTA Int’l Investments in Quetta Gladiators. The transaction marks the first ever acquisition of any PSL team by a foreign company. The deal was announced in a ceremony conducted at the Pearl-Continental Hotel in Lahore ahead of the 9th edition of the Pakistan Super League (PSL).
ABS & Co represented Habib Rafiq (Private) Limited with respect to the drafting and negotiation of a historic Memorandum of Understanding (MOU) with DHA Quetta for the development of a real estate project in DHA Quetta.
Our team advising HRL comprised of Salman Hanif Rajput, Ahmed Reza Mirza, Hamza Mukhtar and Khadeeja Ahmad.
In a landmark decision, the Lahore High Court’s Pindi bench has developed the doctrine of “ENE” (Early Neutral Evaluation) in a petition filed by ABS & Co that has resulted in the successful acquisition of the company and a resolution of shareholder disputes.
Our partner appeared as an expert witness in a court (Bortgarting Court of Appeal) in Norway over a property dispute.
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