Categories
Definitions

Commercial Law

Top Law Firms in Karachi PakistanCommercial law, also known as business law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both private law and public law.

Commercial law includes within its compass such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange and partnership. It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes that contain comprehensive statements of their commercial law.

Categories
About us

Law Firm Programme for Women rights with Support of Pakistan and International Orgnizations

Pro bono services of our Law Firm are well recognized in Pakistan and Internationally. In collaboration with Local and International Organizations, from to time we have started programs for providing legal aid to the deserving persons specially Women and Children as a Sadqa and Zakkat .

In our Legal assistance program we have provide free legal advice to more than 1,000 women and aware them relating to their legal rights.

Furthermore, as a consequence of the legal awareness programmes being conducted, people started approaching office personally, by email and telephone wanting to seek solutions for their problems.

  • Only those cases that concern women will be taken up for Free Legal Consultation
  • It will also cater to those cases that deal with family laws and family affairs
  • All the risks that a woman might confront and the options available to her must be explained to her, if she approaches for her case, leaving the decision making left to her
  • To ensure the security of the rights of the woman while finalizing the conditions in case of compromise
  • To arrange for mediation on the request of the party i.e. to enter into reconciliation process during the case or prior to entering court on the demand of the party
  • Laws should not be wrongly implemented

Provide complete law related and legal Services on Family, Divorce, Khula, Separation, Court Marriage, Child custody, Adoption, Guardianship, Maintenance, Alimony, Dower amount, Dowry articles, Succession Certificate, Letter of administration, Transfer of Property, Estate law, Lease, Sale Deed, Commercial and Business Law, Corporate Law, Registration of firm, partnership and company, trademark, copyright, Civil law suits, Injunctions, Recovery, damages, defamation, High Courts Appeal, Writ Petitions, and heabus Corpus Petitions etc.

Submit Your Query For a Legal Advice

 
Law Firm based in Karachi having well experienced Advocates and Lawyers in the fields of International Human rights and Women rights Law.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

 

Categories
Property Law

What is Capital Value Tax on Real Estate in Pakistan ?

Capital Value Tax on Real Estate Related Transactions in Pakistan

The Capital Value Tax is applicable in urban areas for residential property exceeding an area of one kanal and in case of commercial properties without any threshold of land area or size of the property.

The Capital value tax at the rate of 2 percent of recorded value has been levied vide Finance Act, 2006.

Where the value of such property is not recorded, the CVT is payable at Rs. 50 per square yard of land area.

All transfers falling under the scope of purchase, gift, exchange, surrender, power of attorney and relinquishing the rights have been subjected to the capital value tax. However, transactions between spouses, parents, grand parents, brothers and sisters through gift and inheritance have been excluded from its purview.

Submit Your Query For a Legal Advice

 
Law Firm in Pakistan dealing with Commercial and Residential Property and Litigation Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

Categories
Litigation

Debt Recovery Law & Lawyers in Pakistan

Recovery of debts and money can be both frustrating and time consuming in Pakistan. The best way to go against the defaulters is to choose the right form of legal action at proper time otherwise you might suffer. We are very successfully providing services for recovery of bad debts and loan by initiating civil and criminal proceeding against defaulters. Our Lawyers in Karachi, Lahore, Islamabad, Hyderabad and Thatta, have extensive legal experience in debt-recovery laws. We aggressively pursue your debts collection process in Pakistan and recover your debt and money in very fast manner.

We provide legal services for those clients who are not afraid to take an aggressive legal approach in the recovery of their debts. If you want more money recovered with a legal, safe and fast manner, contact our law firm. Our practice consists of associates at Karachi. We have extensive experience in distress debt trading industries. Our attorneys regularly appear on behalf of clients in bankruptcy courts in Karachi.

Taking legal action to reclaim debt should be a last resort, and often the threat is enough to make your customers pay you. However, if your usual ways of recovering debt have failed, there are things to consider before beginning the legal process.

Consider some form of alternative dispute resolution, such as mediation or arbitration. Contracts may already specify how disputes should be resolved. Resolution procedures can make it easier to control costs and are often less confrontational than court proceedings.

Mediation is a simple, cheap method of resolving disputes. It can save you time and money and can assist all parties in reaching a mutually beneficial resolution. This can help maintain the business relationship once the dispute is settled.

Even if making a claim seems the only answer, you should consider your chances of winning. In many cases your claim may not be disputed. But in others, it could be difficult to prove the customer is at fault.

Remember that you can’t be certain of receiving the money owed – let alone any costs or expenses – if the person or company you’re taking action against has no assets or a history of bad debt. Credit reference agencies should be able to give you a credit rating for the defendant and details of any unpaid court judgments.

If you win the judgment, the customer is required to pay the sum claimed. If properly claimed, they are required to pay court fees and interest as well. If they do not pay, you must be prepared to take steps to enforce the judgment. For this client have to note that:

  • court fees are payable when you issue a claim and if you have to enforce the judgment
  • fees are payable if you lose or do not succeed in enforcing your judgment
  • you may have solicitor’s costs and other costs – if you win and succeed in enforcing the judgment, you may be able to claim these back from the defendant

You will have to pay court fees in advance. However, they can be recovered from the defendant if you win. If you lose or you do not succeed in enforcing your judgment you will not be able to reclaim those costs.

We advise both local and international companies on a full range of legal issues from non-contentious corporate and commercial matters, including major project work; establishing and conducting business in Karachi Pakistan, joint ventures, mergers and acquisitions, employment matters, distributions and franchise arrangements. For international Clients having legal issues in Dubai, Abu Dhabi, Qatar and other Gulf cities and areas prefer to engage us due to cost effectiveness. We charge very reasonable professional Fees for International Arbitration in Dubai, Abdu Dhabi, Qatar and Gulf cities and areas.

Fell Free to Contact Us for detailed consultation.

Telephone: +92 321 2057582

Regular Website:  http://www.irfanlaw.com

 

Submit Your Query For a Legal Advice

 
Law Firm in Pakistan dealing with Commercial, Intellectual Property, Arbitration and Family Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582


Categories
Corporate Law

Special Commercial Court ordered Pakistani company to pay damages to US importer

The Special Commercial Court for Sindh and Balochistan had received a complaint of fraud and breach of contract by D Michael Painter, owner of Messrs Quivera LLC, California, USA – a sourcing agent for a sportswear brand. The SCC delivered the verdict.

The case involved a foreign buyer, who had ordered garments worth $50,000 from a Karachi-based textile group in 2008, but the latter shipped defective goods to the importer, leading to the dispute.

The court declared the Pakistani company’s actions tantamount to cheating, and has ordered it to pay damages to the foreign company.

It is hoped that the decision will leave a positive impression on foreigners having business interests in Pakistan, and raise the country’s credibility in business circles in the US and Europe.

top_law_firms_pakistanIrfan Mir Halepaota & Associates has been ranked as one of the top and Best Corporate Law Firms in Pakistan by the Legal 500, HG and other International Directories of Law Firms.

If you require more information, Feel Free to Contact Us for detailed consultation.

Telephone: 0321-2057582

Regular Website:  http://www.irfanlaw.com

Law Firm based in Karachi having well experienced Advocates and Lawyers in the fields of Import export and commercial disputes Law.
E-26, Executive Floor, Glass Tower, Clifton,
Karachi, Sindh
PK
Phone: 03212057582