Azam & Rai: May 2006

31 May 2006

Azam & Rai engaged by partnership firm to challenge fraudulent mortgage of its immovable property in favour of bank in the Lahore High Court

Sector: Litigation, Banking & Property Laws

Azam & Rai was engaged by a local partnership firm to challenge the fraudulent mortgage of its highly valuable immovable industrial property by a limited liability company in favour of a major local bank in recovery proceedings initiated by the bank before the Lahore High Court under the Financial Institutions (Recovery of Finances) Ordinance, 2001.

Azam & Rai engaged by US-based foreign investors for incorporation of company in Pakistan

Sector: Investment & Corporate Laws

Azam & Rai was engaged by foreign investors based in the United States for the incorporation of a company in Lahore, which would provide innovative state-of-the-art finishing products and services to the construction industry in Pakistan.

Azam & Rai engaged by Dubai-based multinational company in cross-border acquisitions

Sector: Cross-Border Acquisitions

Azam & Rai was engaged by a Dubai-based multinational company (engaged in the manufacture and supply of finishing materials for the construction and building industry worldwide) for the acquisition of two distribution companies in Romania and Bulgaria respectively. Azam & Rai drafted the agreements that gave effect to these cross-border transactions.

27 May 2006

Azam & Rai Partner invited to read paper on "Export of Legal Services from Pakistan" at the UNCTAD/WTO-sponsored National Services Workshop, Karachi

Sector: International Trade Law - Export of Services

As part of the Firm's continuing commitment to keep abreast of the latest legal developments, Mr. R.M.S. Azam, Partner, participated in the National Services Workshop on “Export of Services” in context of WTO/GATS held under the auspices of the International Trade Centre (UNCTAD/WTO) as part of the European Commission-funded Trade Related Technical Assistance (TRTA) Programme in Pakistan in conjunction with the Institute of Business Administration (IBA), Karachi at the Pearl Continental Hotel, Karachi from 26-27 May 2006. At the Workshop, Mr. Azam read a paper titled “Export of Legal Services from Pakistan: Challenges & Opportunities.” His recommendations on ways and means to improve and increase the exports of legal services from Pakistan are being adopted in a report being prepared by the International Trade Centre for the Ministry of Commerce, Government of Pakistan.

Confidentiality Policy

Azam & Rai takes the concept of client-attorney privilege seriously and maintains strict confidentiality in all matters. This News Blog is provided for information purposes only and the details of our clients' matters are kept confidential. This News Blog contains only general information that is not prejudicial to our clients and is either published with the permission of our clients or is in the public domain. Where information is not available in the public domain, party names are kept confidential as are the details and particulars of all transactions. Azam & Rai is committed to abiding by the rules, regulations and guidelines laid down by the Legal Practitioners & Bar Councils Act, 1973 and the Canons of Professional Conduct & Etiquette issued by the Pakistan Bar Council in 1969.