Saiduzzaman Siddiqui

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Education:   B.A in History and Politics from Karachi University and LL.B from S.M Law College, (1960); Called to the Bar by the Hon’ble Society of Grays Inn (1991)

Membership of Professional Associations: Enrolled to practice in High Court of Sindh and High Court of Balochistan (1962); Supreme Court of Pakistan; Member of the Sindh Bar Council; Member of the Karachi Bar Association; Member of the Honourable Society of Gray’s Inn;

Languages: English; Urdu.

Position at JSS & CO LLP: Managing Partner

Important Work Undertaken:

1) Appointed as Deputy Attorney General of Pakistan by the President of Pakistan and functioned as such in1985 and 1986;

2) Member Banking Laws Review Commission by State Bank of Pakistan;

3) Member, ADR Committee of High Court of Sindh and Supreme Court of Pakistan;

4) Specialisation in Banking, Insurance, Company Law, Property Law, Civil and Criminal litigation, Debt Recovery, Defamation and Libel, Clinical Negligence and Cross-Border dispute resolution including appearance before the foreign courts of law in Dubai and London for debt recovery;

5) Legal Advisor to 15 foreign and local banks including Bank of America, Chase Manhattan Bank, American Express Bank, Deutsche Bank, ABN AMRO Bank, Royal Bank of Scotland, Societe Generale Bank, Habib Bank Ltd, United Bank Ltd, National Bank of Pakistan and Habib Bank A.G. Zurich;

6) Advice on the Foreign Exchange Manual, Prudential Regulations for various forms of businesses to be undertaken by banks/ financial institutions and other directives, circulars and notifications issued by the State Bank of Pakistan from time to time. Extensive advice in respect of and structured cross-border transactions;

7) Advice on compliance from time to time for companies/ notified entities with the Securities and Exchange Commission of Pakistan (SECP) under the Companies Ordinance 1984, the Companies (General Provisions and Forms) Rules 1985, the Non-Banking Finance Companies (Establishment and Regulation) Rules 2003 and the Insurance Ordinance 2000 (as amended from time to time).

8) Advising various clients on the provisions of the Competition Act 2010 and Competition (Merger Control) Regulations, 2007; structuring responses to the Competition Commission of Pakistan (CCP) on behalf of certain banking clients as well as successfully representing them at a hearing on the issue of Prohibited Agreements/ cartels before the CCP.

9) Habib Bank Limited versus Wardah Textiles Limited (Dubai).

Acted for Habib Bank Limited (HBL) in this matter in which legal action was initiated in Dubai in conjunction with Habib Al Mulla and Company, Advocates of Dubai. This resulted in a judgment and decree awarded against the defendant for recovery of an amount in excess of US$100 million. The present outstanding amount is approximately US$ 93 million for which legal proceedings have been filed by HBL in London for which JSS & CO LLP has coordinated with HBL Solicitors (Lane & Partners) (Bird & Bird) for recovery of the amount of US$ 93 million.

10) Habib Bank Limited (HBL) versus Bank of Sudan (Central Bank of Sudan).

Represented HBL in the above case filed in the High Court of Justice, Queens Bench Division (Commercial Court) London and actively assisted and participated in the legal proceedings along with HBL Solicitors (Lane & Partners) and Counsel James Turner and was successful in obtaining judgment and decree in the sum of US$ 101,881,346.14. This judgment achieved finality. HBL is still in the process of recovering the amount awarded by the English Court through recovery agent and negotiations.

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