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
About us

CIVIL LITIGATION IN KARACHI PAKISTAN

OUR Law Firm knows how to face challenges arising out of difficult and complex civil cases. We are a well-trained team, working collaboratively in order to win lawsuits. We are confident that we can achieve the needs and best interests of our clients. We have a team of widely known Advocates and Lawyers specializing in all areas of civil litigation, who practice in Civil Courts, District Courts and High Court. The superior Court in Pakistan is Supreme Court of Pakistan the judgements of Honourable Supreme Court of Pakistan are binding on all High Courts and sub-ordinate Courts.

Our Lawyers keep fully engage with clients at all stages of their cases that occur during litigation. Our team is highly experienced and has dealt with thousands of cases in Pakistan with a proven record of accomplishment of winning.

Our specialized team studies all available options in relation to cases and then advises client on the best legal option before the courts. We are sufficiently experienced and professionally equipped to fight in order to achieve the success.

OUR professional team deals with all aspects of juridical administrations facing our clients. We work hard to utilize effective measures in order to shun and avoid problems. We take aggressive legal approach to protect clients’ rights and business plans from others’ aggression.

We have very vigilant and aggressive approach in dealing with Civil Litigation including:

Our services include but no limited to:

Partition of Properties, Cancellation of Documents, Specific Performance of Contracts, Restoration of Possession of Properties, Permanent Injunctions, Suits for Dissolution of Partnerships, Rendition of Accounts, Recovery of Money and Mesne Profits, Declaration of Rights with Consequential Relief, Benami Transactions, Recovery of Damages, Succession Certificates, Stay Orders, Constitutional Writ Petitions before the High Courts, Recovery of Bad Debts and Loans:

Our Law Firm deals with cases of Special Laws relating to:

Consumer Protection, Environmental Protection, Electricity, Gas and Petroleum, Service Matters, Intellectual Property, Excise and Customs, Import & Export.

Ejectment of tenant, Fixation of fair rent, Recovery of rent amount, Registration of rent deeds, Rent Appeals.

Our law firm is very successfully providing legal services for recovery of bad debts and loan by initiating civil and criminal proceeding against defaulters in very vigilant and aggressive manner.

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Submit Your Query For a Legal Advice

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


Categories
Corporate Law

Partnership

Partnership

1. A partnership is a business relationship entered into by a formal agreement between two or more persons or corporations carrying on a business in common.
2. The capital for a partnership is provided by the partners, who are liable for the total debts of the firms and who share the profits and losses of the business concern according to the terms of the partnership agreement.
3. Partnerships (other than banking companies) are generally limited in size to twenty partners.
4. The interest of a partner is transferable only with the prior consent of the other partner(s).
5. However, a partner’s right to a share of the partnership income may be received in trust for another person.
6. The partnerships are classified into the following two categories for the purpose of taxation:
i. Registered Firms
ii. Unregistered Firms
7. The income of the registered firm is subject to Tax before distribution to the partners.
8. Also the individual income of the partners is subject to income tax at the usual rates.
9. The unregistered firms, income tax may be levied on the firm’s income and the partners are not liable to pay tax on the shares of profit received from the unregistered firm(s).

Submit Your Query For a Legal Advice

For rapid response you can also submit your Query at WhatsApp on +92 321 205 7582 For a Legal Advice
 
Law Firm in Pakistan dealing with Civil Litigation, Commercial, Intellectual Property, Real Estate and Family Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582