Law applicable in Pakistan is predominantly Inherited from the British, however several amendments and new legislation has been brought in to Pakistan to cater the needs of a more dynamic pakistan, therefore, employing a qualified and experienced lawyer to assist you in the dynamic world Masood & Masood will always stand out for you.
The rule of law is better than the rule of any individual —Greek philosopher Aristotle (350 B.C)
Law is a system of rules, usually enforced through a set of institutions. It shapes politics, economics and society in numerous ways and serves as a primary social mediator of relations between people. To name a few Masood & Masood(Corporate & Legal Consultants) may be able to guide you through the following laws, their interpretation, implementation, in court or Out of Court settlements:
- Contract law regulates everything from buying a bus ticket to trading on derivatives markets.
- Property law defines rights and obligations related to the transfer and title of personal (often referred to as chattel) and real property.
- Trust law applies to assets held for investment and financial security
- Tort Law allows claims for compensation if a person’s rights or property are harmed.
- If the harm is criminalised in a statute, criminal law offers means by which the state can prosecute the perpetrator.
- Constitutional law provides a framework for the creation of law, the protection of human rights and the election of political representatives.
- Administrative law is used to review the decisions of government agencies.
- International law governs affairs between sovereign nation states in activities ranging from trade to environmental regulation or military action.
Legal systems elaborate rights and responsibilities in a variety of ways. A general distinction can be made between civil law jurisdictions, which codify their laws, and common law systems, where judge made law is not consolidated. In some countries, religion informs the law. Law provides a rich source of scholarly inquiry, into legal history, philosophy, economic analysis or sociology. Law also raises important and complex issues concerning equality, fairness and justice. In a typical democracy like Pakistan, the central institutions for interpreting and creating law are the three main branches of government, namely an impartial judiciary, a democratic legislature, and an accountable executive. To implement and enforce the law and provide services to the public, a government’s bureaucracy, the military and police are vital. While all these organs of the state are creatures created and bound by law, an independent legal profession and a vibrant civil society inform and support their progress. Apart from the above generalised fields Masood & Masood(Corporate & Legal Consultants) can help you in the following areas of Law:
- Labour law is the study of a tripartite industrial relationship between worker, employer and trade union. This involves collective bargaining regulation, and the right to strike. Individual employment law refers to workplace rights, such as job security, health and safety or a minimum wage.
- Human rights, civil rights and human rights law are important fields to guarantee everyone basic freedoms and entitlements. These are laid down in codes such as the Constitution of Islamic Republic of Pakistan Universal Declaration of Human Rights, the European Convention on Human Rights (which founded the European Court of Human Rights) and the U.S. Bill of Rights. The Treaty of Lisbon makes the Charter of Fundamental Rights of the European Union legally binding in all member states except Charter of Fundamental Rights of the European Union – Poland and the United Kingdom.
- Civil procedure and criminal procedure concern the rules that courts must follow as a trial and appeals proceed. Both concern a citizen’s right to a fair trial or hearing.
- Evidence law involves which materials are admissible in courts for a case to be built.
- Immigration law and nationality law concern the rights of foreigners to live and work in a nation-state that is not their own and to acquire or lose citizenship. Both also involve the right of asylum and the problem of stateless individuals.
- Social security law refers to the rights people have to social insurance, such as jobseekers’ allowances or housing benefits.
- Family law covers marriage and divorce proceedings, the rights of children and rights to property and money in the event of separation.
- Law of commerce
- Company law sprang from the law of trusts, on the principle of separating ownership of property and control. The law of the modern company began with the Joint Stock Companies Act 1856, passed in the United Kingdom, which provided investors with a simple registration procedure to gain limited liability under the separate legal personality of the corporation. Most of the law practices relating to companies are regulated by securities and exchange commision of Pakistan.
- Commercial law covers complex contract and property law. The law of agency, insurance law, bills of exchange, insolvency and bankruptcy law and sales law are all important.
- Admiralty law and the Law of the Sea lay a basic framework for free trade and commerce across the world’s oceans and seas, where outside of a country’s zone of control. Shipping companies operate through ordinary principles of commercial law, generalised for a global market. Admiralty law also encompasses specialised issues such as salvage, maritime liens, and injuries to passengers.
- Intellectual property law aims at safeguarding creators and other producers of intellectual goods and services. These are legal rights (copyrights, trademarks, patents, and related rights) which result from intellectual activity in the industrial, literary and artistic fields.
- Restitution deals with the recovery of someone else’s gain, rather than compensation for one’s own loss, Unjust enrichment is the third pillar of civil law (along with contract and tort). When someone has been unjustly enriched (or there is an “absence of basis” for a transaction) at another’s expense, this event generates the right to restitution to reverse that gain.
- Tax law involves regulations that concern General sales tax soon to be changed to value added tax, Corporate tax, Income tax, Professional Tax, Property Tax, Federal excise Tax etc .
- Banking law and financial regulation set minimum standards on the amounts of capital banks must hold, and rules about best practice for investment. This involves recovery of debts by banks and in turn defense by the debtors. This Law has been evolving smoothly in pakistan with the introduction of KYC(Know Your Costumer) regulations State Bank of Pakistan is now more stringent on advances than ever.
- Privatisation became popular and took management of services away from public law, private companies doing the jobs previously controlled by government have been bound by varying degrees of social responsibility. Energy, gas, telecommunications and water are regulated industries now.
- Competition law, is an evolving field which traces as far back as Roman decrees against price fixing and the English restraint of trade doctrine. Modern competition law derives from the U.S. anti-cartel and anti-monopoly statutes (the Sherman Act and Clayton Act) of the turn of the 20th century. It is used to control businesses who attempt to use their economic influence to distort market prices at the expense of consumer welfare.
- Consumer law could include anything from regulations on unfair contractual terms and clauses to directives on airline baggage insurance.
- Environmental law is increasingly important, especially in light of the Kyoto Protocol and the potential danger of climate change. Environmental protection also serves to penalise polluters within domestic legal systems.