25 August 2008

Azam & Rai engaged to draft the Memorandum & Articles of Association for Luxembourg company - International Medical Centre Group S.A.

Sector: Corporate Laws
Azam & Rai has been engaged by clients based in Jeddah, Saudi Arabia to draft the Memorandum & Articles of Association for incorporation of a company in Luxembourg - International Medical Centre Group S.A.

19 August 2008

Azam & Rai advises Dubai-based law firm on Pakistan's statute of limitations

Azam & Rai has advised Dubai-based law firm, Fichte & Co. (Legal Consultancy), on Pakistan's statute of limitations.

16 August 2008

Azam & Rai advises Singapore telecommunications company on investment climate and corporate legal/regulatory framework in Pakistan

Sector: Investment Climate & Corporate Laws
Azam & Rai has advised a Singapore Stock Exchange-listed telecommunications company on the investment climate and the corporate legal and regulatory framework in Pakistan as a prelude to its investment in the telecommunications sector in Pakistan.

Cabinet approves draft Anti-Dumping Duties (Amendment) Ordinance, 2008: Anti-Dumping Appellate Tribunal Proposed

Sector: International Trade Law - Anti-Dumping
The Federal Cabinet of Pakistan has approved the draft Anti-Dumping Duties (Amendment) Ordinance 2008, seeking amendments in the Anti-Dumping Duties Ordinance, 2000. The new amendments propose the establishment of an appellate tribunal, headed by a retired judge of the Supreme Court of Pakistan, for hearing appeals against decisions of the National Tariff Commission (NTC) in anti-dumping cases.

The promulgation of this Ordinance will fill a vacuum that has always existed since 2000 as a result of the absence of an appeal mechanism with regard to the imposition of anti-dumping duties by the NTC.

FBR considers decentralizing Sales Tax Registration

Sector: Taxation Laws
The Federal Board of Revenue (FBR) may delegate powers to regional collectors of sales tax to issue sales tax registration numbers and certificates from regional registration offices rather than through the Centralized Registration Office (CRO), Islamabad. This will expedite the process of obtaining sales tax registration numbers and certificates and will lessen the time and cost of doing business in Pakistan, thereby further encouraging both domestic and foreign investment in Pakistan.

13 August 2008

SNGPL challenges ECC raw material price escalation formula in the Lahore High Court

Sectors: Energy Laws & Dispute Resolution
Sui Northern Gas Pipeline Limited (SNGPL) has challenged the decision by the Economic Co-ordination Committee (ECC) on raw material price escalation formula in the Lahore High Court. It has made the Oil & Gas Regulatory Authority (OGRA) a party to the petition for demanding the implementation of the ECC decision.