Experience Archives - Page 3 of 5

IHC declares section 7E of Income Tax Ordinance 2001 ultra vires

March 7, 2024

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.

i3RL achieves GDPR compliance

January 2, 2024

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.

ABS & Co advises on sale of equity stake in Quetta Gladiators

December 17, 2023

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).

Habib Rafiq Limited signs MOU with DHA Quetta

November 30, 2023

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.

CEO secures acquisition of company in a shareholder dispute under section 286 of the Companies Act

November 29, 2023

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.

Expert witness in a civil dispute in Norway

November 28, 2023

Our partner appeared as an expert witness in a court (Bortgarting Court of Appeal) in Norway over a property dispute.

District Court dismisses appeals seeking eviction of McDonald’s

November 25, 2023

District Court has dismissed two appeals filed by the landlords seeking the eviction of McDonald’s under the Punjab Rented Premises Act 2009.

Development of Faisalabad Downtown

September 2, 2023

ABS & Co is advising Faisalabad Downtown, a major real estate developer, on the legal aspects of its development plans for the construction and development of a commercial downtown in Faisalabad.

ABS & Co provides comprehensive legal counsel to Naturals Farms

August 28, 2023

ABS & Co is acting as general counsels to Naturals Farms providing comprehensive legal advice on a range of legal issues.

Joint agreement between PCBDDA and LDA to develop Lahore Global Village

August 12, 2023

ABS & Co has advised the Punjab Central Business District Development Authority (PCBDDA) on its agreement with the Lahore Development Authority (LDA) for the development and sale of Lahore Global Village.

NTDC’s plea before the National Electric Power Regulatory Authority

August 4, 2023

As the regulator of the power sector in Pakistan, NEPRA imposed a fine amounting to PKR 10 million on National Transmission and Despatch Company (NTDC) for the alleged failure of the national grid leading to an incident of partial blackout on 22 May 2021. It was contended by NTDC that the failure of the national grid was a direct consequence of winds cyclones, which caused the transmission lines to trip and resulted in the collapse and damage of the towers.

McDonald’s secures dismissal of eviction petition

August 1, 2023

The Rent Tribunal in Faisalabad dismissed two separate petitions seeking the eviction of McDonald’s under the Punjab Rented Premises Act 2009.

Power Construction China engages ABS & Co for EPC dispute

July 15, 2023

Power Construction China has engaged ABS & Co for its EPC dispute with NPPMCL amounting to approximately USD 187 million.

Private poultry supplier moves the Permanent Court of Arbitration against a specialised agency of the UN seeking a multi-million rupee award

May 2, 2023

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.

Cigarette manufacturer secures relief under the Sales Tax Act, 1990

April 30, 2023

We secured a victory for a major tobacco manufacturer by obtaining an order declaring unmanufactured tobacco as an exempt supply.

GoldFin raises $2 million from Insitor

April 10, 2023

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).

Insights Categories: Experience

Our past experience, insights on present developments, latest news and client alerts all in one place