Ensuring Compliance: A Guide to Updating Your Company’s Book of Accounts Address on LEAP
For any company, maintaining accurate and up-to-date records is not just a good practice but a legal requirement. A crucial part of this compliance involves informing the relevant authorities about the physical location of your financial records. Consequently, the Securities and Exchange Commission of Pakistan (SECP) has streamlined this process through its LEAP portal. This […]
Starbucks Trademark Case in Pakistan: Supreme Court Upholds Penalty for Brand Misuse
Table of Contents Introduction The Supreme Court of Pakistan ruled against Options International (SMC-Pvt.) Ltd. The company had used the Starbucks name and logo without permission. This case involved trademark misuse and unfair business practices. Case Background Starbucks Corporation USA owns the name and logo. It registered both trademarks in Pakistan and internationally. However, it […]
Pakistan Court Rejects Daewoo’s Petition Due to Arbitration Clause
Table of Contents Introduction The Islamabad High Court dismissed Daewoo Pakistan Motorway Service Limited’s petition. The court ruled that disputes must be resolved through arbitration, as agreed in the contract. Background of the Case Daewoo filed a petition challenging the contract for modernizing the Lahore-Islamabad Motorway (M-2). The company argued that the authorities violated Public […]
“Company’s Appeal Against SECP Rejected in Pakistan”
Table of Contents 1. Introduction In 2024, Yusra Medical and Dental College (Private) Limited filed an appeal against SECP. The college wanted to cancel an investigation report, but SECP rejected the appeal on February 6, 2024. 2. Case Background The college had internal disputes about shareholding and directorship. SECP investigated these issues and issued a […]
Challenging SECP’s Decision on CEO Appointment: Legal Insights from Peshawar, Pakistan
Table of Contents Introduction The Pakistan Poverty Alleviation Fund (PPAF) filed an appeal against the Securities and Exchange Commission of Pakistan’s (SECP) decision. SECP had refused to approve PPAF’s Chief Executive appointment. This article explains the case and its outcome. Background of the Case PPAF applied to SECP on September 7, 2021, to approve the […]