RIAA Barker Gillette played a key role in Endeavor Global's expansion into Pakistan by establishing Endeavor Pakistan. This marks Endeavor's 40th office worldwide.
RIAA Barker Gillette recently secured an important injunction restraining the Karachi Port Trust from drawing down on our client South Asia Pakistan Terminals' $2 million guarantee. This was a significant win in an ongoing dispute related to construction of a deep-water container terminal. Courts rarely restrict parties from taking demand guarantees, so obtaining the injunction was important development. Our team continues working to resolve the underlying issues.
RIAA Barker Gillette is conducting a comprehensive review of green shipping practices in Pakistan. The study, mandated by PREIA and USAID, will analyze laws and develop recommendations to reduce environmental impact. By engaging stakeholders, the review seeks to build consensus on sustainable shipping. The findings will provide a roadmap to align the industry with environmental goals.
SECMC wins key litigation protecting Thar Coal project
The Sindh High Court recently dismissed a petition challenging the legality of a groundwater reservoir for Thar coal mining. RIAA Barker Gillette successfully represented SECMC, protecting a key CPEC energy project.
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2017 (“2017 Rules”) were promulgated by the Securities and Exchange Commission of Pakistan on 9 February 2017, which repealed the Insurance Rules, 2002 (“2002 Rules”) and the Securities and Exchange Commission (Insurance) Rules, 2002 (“SEC Rules”).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The Companies Ordinance, 2016 (the “2016 Ordinance”) was promulgated on 11 November 2016 and repealed the Companies Ordinance, 1984 (the “1984 Ordinance”), save for the provisions appearing in Sections 282A to 282N of the 1984 Ordinance relating to Non-Banking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.
