In a groundbreaking deal for Pakistan’s fintech sector, ABS & Co acted as transaction advisors to Zoodpay on its acquisition of Tez Financial Services Limited. The acquisition represents the first M&A transaction in Pakistan’s fintech sector.
We are pleased to have acted as the legal counsels to Pikchur TV for the launch of its online streaming platform and the upcoming premier of its first original production, Phattak.
ABS & Co’s Lahore based disputes practice group successfully represented Uniteed Bank Limited (UBL) in its recovery suit against Shama Exports.
Earlier this week, NUST signed an agreement with a multinational consortium led by International Consulting Associates (ICA) for the development and expansion of National Science & Technology Park (NSTP), Pakistan’s first STP, at NUST Islamabad campus. The consortium led by International Consulting Associates includes ABS & Co as the legal advisors. The legal team is being led by Barrister Shahrukh Iftikhar from the Islamabad office.
A two-member arbitral tribunal unanimously awards Rs. 1.9 billion in compensation to Mughals Pakistan arising out of a construction contract.
ABS & Co secured a major victory for Fizza Developers in relation to its dispute with Essem Hotels arising from the Employer’s repudiatory breach of the construction contract for a 5-star hotel in Islamabad.
This contribution to Litigation: Trends and Developments 2021, authored by ABS & Co, examines recent reforms and challenges shaping Pakistan’s judicial and dispute resolution landscape. It reviews amendments to the Code of Civil Procedure aimed at expediting civil trials, the establishment of specialized commercial courts, and the growing use of technology such as e-courts and video hearings.
This contribution to Foreign Investment Review 2021, authored by ABS & Co, provides a comprehensive overview of Pakistan’s foreign investment framework and regulatory landscape. It explains government policies and priority sectors, outlines the key laws that govern acquisitions and cross-border investments, and highlights the role of regulatory authorities including the Board of Investment, State Bank of Pakistan, SECP and the Competition Commission.
ABS & Co’s Lahore based-team recently advised Total Parco Pakistan in relation to a false and defamatory news item published in relation to Total’s business in Daily Khabrain. In the news, it was alleged that Total was involved in smuggling of oil from Iran and for blending it with water.
ABS & Co advised state-owned, Sui Northern Gas Pipeline Limited (SNGPL), in relation to its Gas Supply Agreement with Pakistan Electric Power Company, GENCO-II at Guddu. The buyer under the GSA operates a 1655 MW power plant in District Kashmore and was previously allocated gas by the Government of Pakistan up to a total of 120 mmcfd from different gas fields.
In 2018, the Australian Broadcasting Corporation’s 4 Corners aired an episode titled, “Behind Closed Doors,” in which the former High Commissioner of Pakistan to Australia was wrongfully targeted by her domestic staff member in an attempt to gain asylum in Australia. In the television show in question, close to 20 Embassies and High Commissions were discussed, however the majority of the time was spent on the factitious account put forth by the domestic staff member of the former High Commissioner. This targeted contriving was brought to the attention of the Australian Broadcasting Corporation by ABS & Co., with the result that no further publicizing of the said programme was undertaken.
In a new development, Iran has invited Pakistan’s legal team led by ABS & Co. to assess if US sanctions on Iran are applicable to the Gas Sales Purchase Agreement signed between Iran and the Islamic Republic of Pakistan in 2009.
In a review petition on which Ahmer Bilal Soofi advised and represented the petitioner, Supreme Court on Saturday overturned the lifetime disqualification of Sumaira Malik.
Islamabad-based team led by Barrister Sami-ud-Din advised Square Break, a public limited company registered in England, on the expansion of its operations to Pakistan. The advice includes drafting shareholders agreements and other company documents, drafting a franchise/local management agent agreement and other rental contracts.
Your request has been submitted. We’ll get in touch with you soon.
