Doing Business in Pakistan
Khan & Associates’ commercial litigation team convinces the court to set-aside the award of a multimillion dollar contract to a competitor of Thales. In a very significant development, the Islamabad High Court ruled the law that bans a foreign company from commencing any legal proceedings in Pakistan unless registered with the Securities and Exchange Commission of Pakistan not applicable to the constitutional proceedings as “a sub-constitutional legislation cannot impose a disability on a person from invoking the constitutional jurisdiction …”.
In this landmark case, the Islamabad High Court cancelled an awarded contract – an impressive accomplishment of Khan & Associates as courts in Pakistan rarely interfere after the award of a contract.
While setting the standard for international competitive bidding the Islamabad High Court concurred that international bidding, being highly competitive,is expected to be extremely precise and a high degree of care and a meticulous adherence to the requirement of the bid was inherent in such bidding.
- Foreign Investment Regime:
- Bilateral Investment Treaties
- Sectors Open to Foreign Investments
- Manufacturing
- Other
- Services
- Infrastructure
- Social
- Agriculture
- Business Entities
- Sole ProprietorshipPartnership
- Company
- Branch and Liaison Offices
- The Corporate Sector:
- Finance
- Public Offers
- Share Purchase
- Share Capital with different Classes: A Move Away From the “Islamized Economy” Model?
- Bank Financings.
- Foreign Exchange Controls.
- Insolvency:
- Insolvency of Individuals.
- Corporate Insolvency.
- Intellectual Property:
- Patents Regime.
- Trademark Regime.
- Copyright Regime.
- Term.
- International Copyrights.
- Infringement: Civil Penalties.
- Infringement: Criminal Penalties.
- Proposed Computer Software Law.
- Employment Permits and Labour Laws:
- Employment Visas and Permits.
- Labour Laws.
- The Banking Sector
- The Telecommunication Sector
- Taxation:
- Income Tax.
- Corporate Tax.
- Dispute Resolution