Lahore High Court recognises international arbitration award
In a significant victory for Cargill International Trading Pte. Ltd., the Lahore High Court has upheld a foreign arbitral award in their favor, rejecting arguments by the award debtor, BBJ Steel Limited, that the signatory lacked authority to execute the underlying sales contract. The RIAA Barker Gillette team, led by partner Mayhar Kazi, successfully argued in favour of recognition and enforcement of the award.
RIAA Barker Gillette successfully represented clients in settling a complex, high-value reinsurance dispute in Pakistan's oil and gas sector, navigating novel legal issues.
RIAA Barker Gillette secures favourable ICC arbitration award on jurisdiction for major Pakistani oil & gas exploration and production company
RIAA Barker Gillette secures favorable ICC arbitration award on jurisdiction for Pakistani oil and gas company. The award highlights the importance of clarity in dispute resolution provisions.
The Legal 500 Asia Pacific 2024: Top rankings for RIAA Barker Gillette (Pakistan)
RIAA Barker Gillette (Pakistan) has been ranked in the Legal 500 Asia Pacific 2024 Guide as a Tier 1 Firm in four core practice areas. Two Partners have been ranked as leading individuals.
Faisal Spinning Mills signs renewable wind plant deal to cut energy costs
Faisal Spinning Mills partners with Orient Energy Systems to establish a 4.5MW wind farm. The captive power solution allows the textile company to address Pakistan's rising energy expenses.
The Insurance Rules 2017 – Comparison with Insurance Rules 2002 and the Securities and Exchange Commission (Insurance) Rules 2002
The Insurance Rules, 2017 (“2017 Rules”) were promulgated by the Securities and Exchange Commission of Pakistan on 9 February 2017, which repealed the Insurance Rules, 2002 (“2002 Rules”) and the Securities and Exchange Commission (Insurance) Rules, 2002 (“SEC Rules”).
Increasing tax revenues has proven to be a significant challenge for recent Pakistani governments. The stagnation of the tax to GDP ratio to around 10 percent has widely been attributed to a host of inter-connected factors including weak enforcement, fragmented revenue administrations, low compliance by taxpayers, generous and distortionary exemptions and concessions to entire sectors of the economy and narrow tax bases.
Memorandum on Companies Ordinance, 2016 – Salient Changes
The Companies Ordinance, 2016 (the “2016 Ordinance”) was promulgated on 11 November 2016 and repealed the Companies Ordinance, 1984 (the “1984 Ordinance”), save for the provisions appearing in Sections 282A to 282N of the 1984 Ordinance relating to Non-Banking Finance Companies. This memorandum outlines the material changes brought about by the 2016 Ordinance.
