The Firm has extensive experience in litigating a wide variety of corporate, banking and contractual issues. The Firm has filed and defended cases relating to the rights of minority shareholders. The Firm handled a large number of cases filed by the liquidators of BCCI against a local company. The Firm has also acted for the Privatisation Commission in a number of cases of failed privatisations. Members of the Firm have acted in a wide variety of contractual disputes, including cases ranging from disputes arising out of construction contracts in mega-infrastructure projects to the cancellation of bottling licenses granted by an international manufacturer of concentrates for local manufacture of carbonated beverages.

The Firm has acted in numerous cases filed by and against financial institutions under the various recovery laws of Pakistan. This area of expertise was recognised by the Lahore High Court which appointed one of the partners of the Firm as an amicus curiae in a case challenging the constitutionality of certain provisions in the Financial Institutions (Recovery of Finances) Ordinance, 2001. The Firm is currently acting for Standard Chartered Bank and Soneri Bank Limited in various recovery suits. The Firm is acting for Soneri Bank Limited in defending challenges to the 2001 banking recovery law made in light of the recent amendments to the Constitution. The Firm has advised the National Bank of Pakistan in various matters. In addition, it is representing various borrowers in recovery suits filed by various banks, including MCB Bank Limited, National Bank of Pakistan, Habib Bank Limited and Bank Alfalah Limited. The Firm has also acted for borrowers in suits for damages and/or rendition of accounts against banks.

At present, cases of note in which the Firm is involved include the following:

  • acting for Al Meezan Investment Company Limited and Meezan Bank Limited at the trial stage and before the High Court in appeal in respect of a multiparty high value dispute arising out of investments in WAPDA Sukuk bonds and subsequent fraudulent transfers of Sukuks on the Central Depository system.

  • acting on behalf of Samsung Gulf Electronic FZE in defending a suit filed by Digital World Pakistan regarding the termination of a licensing arrangement;

  • acting on behalf of ARY Communications Ltd. in seeking injunctive relief against employees working for competitors in breach of their employment agreements;

  • acting on behalf of a group of former employees of Pakistan International Airlines seeking due compensation owed to them under the terms of their retirement order;

  • acting on behalf of an entertainment company seeking specific enforcement of an agreement to lease regarding property designated for the operation of a cinema;

  • acting on behalf of certain LPG marketing companies in cases where they have challenged penalties imposed on them for defaults of their distributors (the marketing companies are claiming that the principle of vicarious liability is inapplicable to such quasi-criminal matters).

The Firm has also handled cases involving both corporate and personal insolvency. Again, the expertise of the Firm in this area was recognised by the Banking Law Review Committee of the State Bank of Pakistan which engaged one of the Firm’s partners to serve as the primary draftsman in preparing a revised corporate insolvency regime based largely on the provisions of Chapter 11 of the United States Bankruptcy Code. One of the partners of the Firm also presented a paper in this regard at the Forum of Asian Insolvency Reform at Bangkok in December 2002.