Capital Markets

Mandviwalla & Zafar has been at the forefront of capital-market practice, advising on transactions and drafting next-generation securities laws and regulations — including contributions to the Central Depositories Act and the legislation governing the Securities and Exchange Commission of Pakistan. We act for issuers, brokers, asset managers and investors, and deal regularly with the SECP, the stock exchange and the Central Depository Company.

Representative matters

  • Pakistan Stock Exchange — long-standing adviser, including on the demutualization of the exchange and challenges to its regulations.
  • Central Depository System — successfully defended the legal challenge to its establishment.
  • Share-market manipulation inquiry — engaged by the regulator in the case arising from the stock-market crash.
  • Zafar Securities — a range of capital-markets matters.
  • Lahore Stock Exchange — matters before the courts.