Azam & Rai engaged for acquisition of 45 acres of peri-urban land worth USD 431,000 (PKR 36.2 Million) for a low-income housing development project

Sector: Real Estate & Property Law
Azam & Rai was engaged by Immersion (Pvt.) Ltd., a land development company co-owned by some of the world's leading social venture capital funds, namely New York-based Acumen Fund., Inc. and Oasis Capital (Mauritius) Ltd. (through the Geneva-based commercial global investment advisory firm, Bamboo Finance), for the acquisition of 45 acres of peri-urban land worth USD 431,000 (PKR 36.2 Million) in the outskirts of Lahore, Pakistan for a low-income housing development project as part of a social venture capital investment.

Azam & Rai was engaged to provide (i) pre-acquisition advice on property laws and property-acquisition procedures; (ii) due diligence, title document discovery and title verification; and (iii) the entire handling of the land aquisition process (including documentation) upto the registration of the transfer of title of the property with the relevant authorities.

Azam & Rai engaged by Redtone Telecommunications Pakistan (Pvt.) Ltd. in its dispute with the Pakistan Telecommunication Authority

Sector: Telecommunication Laws
Azam & Rai filed a Writ Petition against the Pakistan Telecommunication Authority (PTA) on behalf of Redtone Telecommunications Pakistan (Pvt.) Ltd. in the Rawalpindi Bench of the Lahore High Court in a dispute related to the payment of Access Promotion Contribution (APC) for the Universal Service Fund (USF) under the Access Promotion Regulations, 2005, pursuant to the Access Promotion Rules 2004 and the Pakistan Telecommunication (Re-Organization) Act, 1996.

Redtone Telecommunications Pakistan, a subsidiary of Quantum Global Networks, Inc. (incorporated in the U.S.A.), is one of 14 Long-Distance International (LDI) Licensees in Pakistan.