16 February 2008

Foreign investors to invest USD $25 billion in Punjab Province, particularly Lahore, in the next 3 years

Foreign Investment
According to the Department for Trade and Investment, Government of the Punjab, foreign investors are expected to make an investment of USD $25 billion in the Punjab Province in the next 3 years, particularly in and around the provincial capital city of Lahore.

12 February 2008

Azam & Rai enters into Corporate Rate Agreement with Islamabad Serena Hotel

Client Service
Azam & Rai has entered into a Corporate Rate Agreement with the Islamabad Serena Hotel, under which all clients of Azam & Rai can avail 50% discount on Deluxe and Executive Club Rooms and 10% discount on Junior and Presidential Suites at the Hotel. Islamabad Serena Hotel is a member of The Leading Hotels of the World.

18 January 2008

Azam & Rai drafts MOU between a Lahore-based multinational multimedia company and a Mumbai-based production house

Sector: Media & Commercial Laws
Azam & Rai drafted a Memorandum of Understanding (MOU) between a Lahore-based multinational multimedia company and a Mumbai-based production house as a precursor to a strategic collaboration agreement for television production services.

01 January 2008

Azam & Rai drafts Project Cost and Market Study Services Agreement between Lahore International Medical Centre (Pvt.) Ltd. and SKP Consulting Ltd.

Sector: Projects
Azam & Rai drafted a ‘Project Cost and Market Study Services Agreement’ between Lahore International Medical Centre (Pvt.) Ltd. and SKP Consulting Ltd., a project consultancy firm, as a prelude to the launch of a project for the construction of a 300-bed general hospital in Lahore.

Azam & Rai again recommended by the Asia-Pacific Legal 500 as one of the leading law firms in Banking & Finance & Corporate/M&A

For the third consecutive year, Azam & Rai has been recommended by the Asia-Pacific Legal 500 (2007-2008 Edition) as one of the leading law firms in Pakistan in the areas of Banking & Finance and Corporate/M&A.

Azam & Rai is, once again, ranked amongst the top 30 law firms in the Banking & Finance sector and amongst the top 20 law firms in the Corporate/M&A sector in Pakistan. In its commentary, the Asia-Pacific Legal 500 (2006-2007 Edition) states:
"Rai Muhammad Saleh Azam and Maliha Sarda Azam are the two leading partners at dynamic boutique, Azam & Rai. With five lawyers in total, the firm is regularly punching above its weight, having advised several domestic and international clients on a number of matters spanning corporate and commercial, international trade law (with a specific focus on anti-dumping cases), IT and IP. The firm advised on a [PKR] 60 [million] production agreement between a television production company and an international telecoms company."

18 December 2007

Azam & Rai incorporates DEFTIJA (Pvt.) Ltd. on behalf of domestic investors

Sector: Investment, Corporate & Defence Laws
Azam & Rai incorporated DEFTIJA (Pvt.) Ltd., a limited liability company, on behalf of domestic investors. The Company has been established with a view to acting as agents for foreign and local companies wishing to provide goods, services, equipment and technologies to the Armed Forces of Pakistan and the Ministry of Defence, Government of Pakistan.

13 November 2007

Pakistan's Chief Justice to receive Harvard Law School 'Medal of Freedom'

Following last week's military crackdown in Pakistan and the detention of hundreds of lawyers, the Harvard Law School Association has decided to award Pakistani Chief Justice Iftikhar Chaudhry its highest honor: The Harvard Law School Medal of Freedom. Chaudhry was detained after he convened the Pakistani Supreme Court to declare the current state of emergency imposed by General Pervez Musharraf to be null and void.

Although Chaudhry has been placed under house arrest and is not free to leave Pakistan, Dean Elena Kagan has reached out to the chief justice regarding the award and hopes that he'll be able to come to the Law School to receive it when the state of emergency is lifted.

"As lawyers who value freedom and the rule of law, we at Harvard Law School want Chief Justice Chaudhry and all of the courageous lawyers in Pakistan to know that we stand with them in solidarity," said Kagan. "We are proud to be their colleagues in the cause of justice, and we will do all we can to press for the prompt restoration of constitutionalism and legality in Pakistan."
Hundreds of lawyers and other critics of Musharraf have been detained since the emergency rule was established more than a week ago.
To raise awareness and further promote discussion about the events in Pakistan, the Harvard South Asia Initiative will be hosting campus-wide events on Friday, November 16.
The Medal of Freedom was established by Harvard Law School to honor the achievements of individuals who have worked to uphold the legal system’s fundamental commitment to freedom, justice, and equality. To symbolize this commitment, the award bears the image of Charles Hamilton Houston, whose leadership of the crusade that culminated in the landmark Supreme Court decision in Brown v. Board of Education exemplifies the highest ideals of our democracy. Past recipients of the Medal of Freedom include the members of the Brown v. Board of Education litigation team and former South African President Nelson Mandela.

07 September 2007

Azam & Rai engaged to defend client against criminal prosecution under the Electronic Transactions Ordinance, 2002

Sector: Information Technology & Criminal Laws
Azam & Rai has been engaged by a software engineer to defend her against criminal prosecution arising from a legal action brought against her and her co-employees by the Federal Investigation Agency (FIA) under the Electronic Transactions Ordinance, 2002 on the complaint of their former employer, a software house, for the alleged unauthorized access and transfer of electronic files, which she denies. This is the first prosecution of its kind in Pakistan under the Electronic Transactions Ordinance, 2002.

01 September 2007

Azam & Rai drafts Agreement for supply of public transport vehicles to a Provincial Government worth PKR 150 Million

Sector: Commercial Law
Azam & Rai drafted an Agreement for a sale transaction worth PKR 150 Million for the sale of public transport vehicles to a Provincial Government.

23 August 2007

Azam & Rai incorporates Lahore International Medical Centre (Pvt.) Ltd. on behalf of overseas Pakistani investors

Sector: Investment, Corporate & Healthcare Laws
Azam & Rai incorporated the Lahore International Medical Centre (Pvt.) Ltd., a limited liability company, on behalf of overseas Pakistani investors based in Saudi Arabia. The Company is to set up a state-of-the-art multi-million dollar hospital and medical centre, known as "Lahore IMC", in Lahore - Pakistan's second largest city, that would not only cater to Pakistan’s healthcare market but also attract “medical tourists” from abroad. Lahore IMC is to introduce a new system of "health management" services that would revolutionize the healthcare sector in Pakistan. Prior to incorporation, Azam & Rai advised the foreign and overseas Pakistani investors on the legal and regulatory aspects of investment in the healthcare sector in Pakistan.

24 July 2007

Azam & Rai Partner participates in Roundtable Seminar on 'Corporate Governance Practices in Pakistan'

Sector: Corporate Regulatory Laws
As part of the Firm's continuing commitment to keep abreast of the latest legal developments, Mr. R.M.S. Azam, Partner, participated in a Roundtable Seminar convened to discuss the IFC-sponsored ‘Survey on Corporate Governance Practices in Pakistan’ held under the joint auspices of the International Finance Corporation (IFC) (World Bank Group), the Pakistan Institute of Corporate Governance (PICG) and the Association of Chartered Certified Accountants (ACCA) at the Royal Palm Golf & Country Club, Lahore on 24 July 2007.

02 July 2007

Azam & Rai Partner appointed Joint Director, Securities & Exchange Commission of Pakistan

Azam & Rai Partner, Maliha S. Azam, has been appointed Joint Director, Securities & Exchange Commission of Pakistan (SECP), Islamabad and will be proceeding on leave from the Firm with effect from 1 August 2007.

21 June 2007

Azam & Rai briefs Swedish Trade Council on Investment Procedures for Foreign Investors in Pakistan

Sector: Investment Laws
Azam & Rai briefed a Deputy Trade Commissioner of the Swedish Trade Council on Investment Procedures for Foreign Investors in Pakistan with a view to encouraging and facilitating Swedish business investments in Pakistan.

11 June 2007

Azam & Rai advises television production house on Insurance Guarantee

Sector: Insurance Law
Azam & Rai advised a television production house on securing its interests under an Insurance Guarantee to cover a television commercial production agreement for the production of television commercials for its client, a multinational telecommunications company.

07 June 2007

Azam & Rai engaged as External Counsel by the Securities & Exchange Commission of Pakistan

Sector: Corporate Regulatory Laws
Azam & Rai has been engaged by the Securities & Exchange Commission of Pakistan (SECP) as External Counsel to conduct cases for and on behalf of the SECP.

05 June 2007

Azam & Rai advises foreign and overseas Pakistani investors on investment in the healthcare sector in Pakistan

Sector: Investment & Corporate Laws
Azam & Rai has advised foreign and overseas Pakistani investors on the legal and regulatory aspects of investment in the healthcare sector in Pakistan, particularly with regard to setting up of a multi-million dollar state-of-the-art hospital in Lahore, Pakistan's second largest city, that would not only cater to Pakistan’s healthcare market but also attract “medical tourists” from abroad.

29 May 2007

Azam & Rai drafts Sale-Purchase Agreement for timber transaction worth PKR 60 Million

Sector: Commercial Law
Azam & Rai drafted a Sale-Purchase Agreement for the sale, purchase and delivery of 400,000 cubic feet of timber in a transaction worth PKR 60 Million.

28 May 2007

Azam & Rai engaged by Canadian law firm Barnes Sammon LLP, Barristers & Solicitors

Sector: Private International Law
Azam & Rai has been engaged by Canadian law firm Barnes Sammon LLP, Barristers & Solicitors for effecting the service of judicial documents of the Superior Court of Quebec on a defendant residing in Pakistan under the 1965 Hague Convention on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters.

26 May 2007

Azam & Rai appointed Standing Counsel to Standard Chartered Bank (Pakistan) Ltd.

Sector: Banking Law & Finance
Azam & Rai has been appointed on the panel of law firms acting as standing counsel to Standard Chartered Bank (Pakistan) Ltd. The Legal Services Agreement was signed in Lahore today.

Standard Chartered Bank (Pakistan) Ltd. is the fourth bank to engage Azam & Rai for the provision of legal services. Azam & Rai is already providing legal services in the practice area of banking law and finance to MCB Bank Ltd., Askari Commercial Bank Ltd. and Saudi Pak Commercial Bank Ltd.

25 May 2007

Azam & Rai Partner delivers lecture on ‘The Constitutional & Judicial History of Pakistan (1947-2007) at NUCES, Lahore

Sector: Constitutional Law
Mr. R.M.S. Azam, Partner, delivered a lecture as Guest Speaker on ‘The Constitutional & Judicial History of Pakistan (1947-2007)’ at the National University of Computer & Emerging Sciences (NUCES), Lahore on 25 May 2007.

18 May 2007

Azam & Rai drafts Television Commercial Production Agreement for transaction worth PKR 60 Million

Sector: Media & Commercial Laws
Azam & Rai drafted a Television Commercial Production Agreement between a television production house and a multinational telecommunications company for a transaction worth PKR 60 Million. The agreement entails the production of a series of television commercials for the multinational telecom company.

30 April 2007

Azam & Rai engaged by leading software developer to advise it on development of law firm management software

Sector: IT & Commercial Laws
Azam & Rai was exclusively engaged by a leading software developer to advise it on the development of law firm management software tailored for the Pakistani and South Asian market – a first for Pakistan and South Asia.

11 February 2007

Azam & Rai Partner participates in conference on ‘International Negotiations: Processes & Dimensions’

Sector: Skills Training
As part of the Firm's continuing commitment to keep abreast of the latest legal developments, Mr. R.M.S. Azam, Partner, participated in a conference on ‘International Negotiations: Processes & Dimensions’ held under the auspices of the Department of Political Science, Forman Christian College, Lahore and the International Institute of Applied Systems Analysis, Vienna, Austria at the Pearl Continental Hotel, Lahore on 11 February 2007.

01 January 2007

Azam & Rai again recommended by the Asia-Pacific Legal 500 as one of the leading law firms in Banking & Finance & Corporate/M&A

For the second consecutive year, Azam & Rai has been recommended by the Asia-Pacific Legal 500 (2006-2007 Edition) as one of the leading law firms in Pakistan in the areas of Banking & Finance and Corporate/M&A.

Azam & Rai is ranked amongst the top 30 law firms in the Banking & Finance sector in Pakistan. In its commentary, the Asia-Pacific Legal 500 (2006-2007 Edition) states:
"Azam & Rai is a Lahore-based, full-service, general-practice firm, and typifies the young, energetic players now entering Pakistan's legal market. It acts as standing counsel to several banks including MCB Bank, Askari Commercial Bank and Saudi Pak Commercial Bank. Rai Muhammad Saleh Azam gained wide experience while head of Walker Martineau Saleem's banking court litigation group before co-founding the firm."
Azam & Rai is ranked amongst the top 20 law firms in the Corporate/M&A sector in Pakistan. In its commentary, the Asia-Pacific Legal 500 (2006-2007 Edition) states:
"Azam & Rai has a broad commercial practice. Recent instructions include the incorporation of a Pakistan subsidiary for Swedish multinational conglomerate Terraco Group, and cross-border acquisitions for a Dubai-based company."

17 November 2006

Azam & Rai Partner participates in lecture on ‘Amendments to the Pakistani Constitution: The Law and the Politics’

Sector: Constitutional Law
As part of the Firm's continuing commitment to keep abreast of the latest legal developments, Mr. R.M.S. Azam, Partner, participated in a lecture on ‘Amendments to the Pakistani Constitution: The Law and the Politics’ by Abid Hasan Minto, Senior Advocate, Supreme Court of Pakistan, held under the auspices of the Distinguished Lecturer Series by the Department of Law & Policy, Lahore University of Managements Sciences, Lahore on 17 November 2006.

30 June 2006

Azam & Rai engaged by Pakistan-based software development company in its dispute with US software company

Sector: International Arbitration, IT & Commercial Laws
Azam & Rai was engaged by a Pakistan-based software development company in its dispute with a US software company arising out of source code delivery and payment issues under a software development agreement and a separate escrow agreement. The dispute was complicated by the fact that the software development agreement gave exclusive jurisdiction to the courts of law in St. Louis, Missouri, USA whereas the related escrow agreement, which relied heavily on the software development agreement, provided for resolution of all disputes through arbitration under the American Arbitration Association's Commercial Arbitration Rules.

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.