SECTION O - CONNECTION BETWEEN DEBTOR AND FORUM

(a) In relation to each type of insolvency procedure available in the legal system of this country, what connection must there be between the debtor organization and the law of the forum? (for example which of the following requirements, if any, must be satisfied in order for an insolvency procedure to be initiated in relation to a corporate debtor in your country:

- principal residence of debtor;
- domicile of the debtor;
- nationality of the debtor;
- personal whereabouts at the material time;
- location of principal place of business;
- location of a place of business, branch or agency;
- location of assets of debtor;
- place where transaction or event took place which gave rise to liability;
- place where payment, discharge or performance of liability is due to take place.)

In the case of winding up of locally incorporated companies, jurisdiction is governed by location of the registered office. In the case of foreign companies having a place of business or assets in Pakistan, the jurisdiction will be governed by the location of such office or principal assets.

Are any other requirements imposed in relation to a connection between the debtor and the forum before an insolvency procedure may be initiated? If so, briefly describe these requirements.

For so long as an office or some assets exist inPakistan, no other requirements are imposed.

(b) Are any particular rules or conditions imposed in the legal system of this country regarding the opening or commencement of an insolvency procedure in cases where the connection between the debtor and the forum is limited to only one of the factors mentioned in (a) above?

No such rules or conditions are imposed.