29 May 2009

Azam & Rai briefs the Provincial Government of the Punjab on the legal aspects of Public-Private Partnership (P3) models for the healthcare sector

Sector: Investment Laws
Azam & Rai has briefed the Provincial Government of the Punjab on the legal aspects of Public-Private Partnership (P3) models for the healthcare sector. The brief is in relation to the proposed grant of land by the Punjab Government for the establishment of a 300-bed tertiary care general hospital in Lahore by a private company on the basis of public-private partnership.

28 May 2009

Azam & Rai engaged by Spanish law firm for filing trademark application on behalf of its client

Sector: Intellectual Property Laws
Azam & Rai has been engaged by a leading Madrid-based Spanish law firm for filing a trademark application with the Intellectual Property Organization of Pakistan for the registration of a trademark belonging to one of its clients.

Azam & Rai files trademark registration application on behalf of Zenith Sports (Pvt.) Ltd.

Sector: Intellectual Property Laws
Azam & Rai has filed a trademark registration application with the Intellectual Property Organization of Pakistan on behalf of Zenith Sports (Pvt.) Ltd. for the registration of the name of its Faisalabad-based football club, namely "Club Athletico", which plays in the national league under the Pakistan Football Federation. Zenith Sports (Pvt.) Ltd. is owned by foreign investors from Germany, the United Kingdom, the United States and Canada.

09 May 2009

Azam & Rai participates in IFC's and World Bank's 'Investing Across Borders' project

Sector: Investment Laws
Azam & Rai was invited by the International Finance Corporation (IFC) and the World Bank to participate in the Investing Across Borders (IAB) indicators project under the auspices of their Foreign Investment Advisory Service (FIAS). This global project benchmarks the ease of establishing and operating foreign-owned companies in countries across the world by evaluating their investment policy framework and its implementation in practice.

The IAB project aims to compare the quality of investment climates across countries, identify good practices in investment policy design and implementation, and stimulate and advise investment policy reforms. The IAB indicators are based on a survey of private sector practitioners – investment lawyers and consultants advising foreign investors – and combine an evaluation of the quality of laws and policies, and their implementation and enforcement in practice. Only a select number of firms - recognized as leading providers of legal and business advisory services to investors - were approached in each country.

The principal objective of the IAB project is to stimulate reforms leading to a more business-conducive, transparent and secure environment for foreign direct investment. The project is modeled after the Doing Business initiative of the World Bank Group (in which Azam & Rai also participated), which provides information on business regulation for domestic enterprises. Doing Business has inspired over 170 reforms worldwide and boasts one of the busiest databases with over 1.6 million online visits last year alone. It is intended that the IAB project will have a similar lasting positive effect.

Azam & Rai gave its input on the following:

(i) Investing in Sectors - measuring restrictions on foreign equity ownership in a variety of sectors in Pakistan.

(ii) Starting a Foreign Business - measuring the process for establishing subsidiaries of foreign companies in Pakistan's largest business cities.

(iii) Accessing Land - measuring the process of leasing land in Pakistan's largest business cities and examining land rights and land information available to investors.

(iv) Arbitrating Disputes - examining Pakistan's legal framework on domestic and international arbitration, enforcement of arbitration awards, and mediation.

04 May 2009

Azam & Rai advises major Pakistani media group on establishment of company limited by guarantee

Sector: Corporate Laws
Azam & Rai has advised a major Pakistani media group (owners of a major national news channel in Pakistan) - on the establishment of a company limited by guarantee.