Limitation on Repatriation of Royalties out of Pakistan - An Imprudent and Unlawful Measure that Hinders Development of Franchise Markets
International Franchising (Newsletter of the International Bar Association Legal Practice Division), Volume 17 No. 1 (May 2013) page 20
2 Pages Posted: 2 Jun 2013
Date Written: June 2, 2013
It is crucial to franchisors to be able to collect franchise royalties in the foreign markets, where they have invested, created employment and introduced superior goods, services and technology. However, in one instance since 2001 international food chains operating in Pakistan have faced this challenge of not being able to repatriate royalty revenues out of Pakistan owing to a faulty policy of the country, which stands highlighted in this article.
Keywords: Franchising, Investment, Intellectual Property, Trademarks, Foreign Exchange, Pakistan Law
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