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Corporate and Commercial

  • Advising the Agent and Lead Manager in connection with Pakistan’s first sovereign Eurobond Issue (1994) and Floating Rate Notes Issue (1996);
  • Advising the sponsors (ADB and Morgan Stanley in partnership with Crescent Group of Pakistan) on the establishment of Pakistan’s first specific off-shore country investment fund listed on the New York Stock Exchange;
  • Advised on the formation of a joint venture between client, a leading Pakistani business group and a premier US multinational automotive company, including a major dispute arising from the joint venture settled by payment of US$5,000,000 to the Pakistani joint venture company;
  • Handling the incorporation and listing on the Stock Exchange of the Pakistan subsidiary of Gillette;
  • Advising and participating in negotiating and drafting a contract for the purchase of a 4000 tonne per day cement plant;
  • Advising a major British construction company (Trafalgar House) in connection with an arbitration arising from a hospital construction project in Pakistan;
  • Advising a leading German engineering group (Klockner) and assisting in drafting/redrafting sections of a construction contract for a paper mill in Pakistan;
  • Acting for and advising a consortium of international banks in relation to the financing of the new terminal at Lahore international airport including a multi-currency financing supported by export credit agencies and a local currency facility;
  • Acting as Pakistan counsel as part of the advising consortium led by UBS AG (Warburg Dillon Read) advising the Privatisation Commission of the Government of Pakistan in connection with the privatisation of the Karachi Electric Supply Corporation, including restructuring debt and equity;
  • extensive legal due diligence, advice and comment on regulatory issues, review of transaction and related offtake and supply agreements; and advice on all Pakistan law issues;
  • Acting for Suez Lyonnaise des Eaux in relation to their participation in proposed privatisation of the Karachi Water and Sewerage Board including preliminary due diligence on the legal and regulatory framework, formation of a project company and related matters;
  • Acting as consultant to the Asian Development Bank in developing and drafting legislation to set up the Securities & Exchange Commission of Pakistan, the proposed Pakistan Insurance Regulatory Authority and in reviewing and revising extensively the Insurance Laws;
  • Acting for various Pakistani electronic media, telecommunications and ISP companies in relation to their corporate and commercial work generally;
  • Consultant and draftsperson (as part of an advisory team led by Ernst & Young Australia) to the Asian Development Bank on Insurance Law Reform in Pakistan resulting in enactment of the Insurance Ordinance, 2000;
  • Acting for International Finance Corporation in relation to its financing of LASMO Oil Pakistan’s development of the Bhit Gas Field;
  • Acting for Bayer AG in relation to the termination of its joint venture in Pakistan with another major multinational Chemicals company and all related issues;
  • Acting for Emerging Markets Partnership of Washington DC in connection with setting up a private equity business in Pakistan including a potential acquisition of an investment bank in Pakistan including advice all regulatory, corporate and commercial issues; preparation of incorporating documents for the Pakistan company;
  • joint venture and subscription agreements with investors, and share purchase and acquisition agreements; Acting for Al-Ghurair Investments, Dubai, in connection with the privatisation of National Refinery Limited including buyer due diligence and advice on all aspects of Pakistan law related to the transaction;
  • Acting for the Overseas Private Investment Corporation of the United States in relation to a Mortage Refinancing Facility;
  • Advised Shell in connection with Shell’s review of its options with regard to its LPG business in Pakistan; Acting for Credit Suisse in relation to the establishment of its Pakistan subsidiary including regulatory advice and dealing with regulators in connection with various licences and consents required in that connection;
  • Advising various business entities of Credit Suisse in relation to matters pertaining to aspects of their business activities in or related to Pakistan; Acting as Pakistan counsel for and advising the lead managers in relation to the Government of Pakistan’s sovereign Eurobond offerings in 2006 and 2007;
  • Advising Citibank Pakistan in relation to various matters pertaining to its Pakistan business including advice on derivatives and the ISDA Master Agreements;
  • Acting for and advising Corn Products International Inc. in connection with its business in Pakistan including its investment in Rafhan Maize Products;
  • Advising Emerson Electric in connection with various business matters in Pakistan including the incorporation of its Pakistan subsidiary;
  • Acting for International Finance Corporation in connection with a loan facility to International Industries Limited and International Steels Limited;
  • Acting for and advising the Royal Bank of Scotland in relation to the proposed disposal of its Asian businesses, including Pakistan;
  • Acting for International Finance Corporation in relation to the conversion of a C Loan into equity of International Steels Limited;
  • Acting for Pakistan International Container Terminal Limited in relation to a concession to obtain a coal and cement clinker terminal concession from the Port Qasim Authority;
  • Acting for International Finance Corporation in relation to the reorganisation of the Engro group of companies in connection with its various debt and equity financings of that group. Acting as part of the advisory team led by NatWest Markets advising the Privatisation Commission of the Government of Pakistan on the privatisation of Karachi Electric Supply Corporation;
  • Advising the Agent and Lead Manager in connection with Pakistan’s first sovereign Eurobond Issue (1994);
  • Advised bidders on the privatisation of the Kot Addu and Jamshoro Power Stations of Pakistan Water and Power Development Authority (WAPDA);
  • Acting for the Islamic Investment Company of the Gulf (Bahrain) EC in connection with financing facilities to PIA Investments Limited;
  • Advising Bechtel Limited, London and ENRON Engineering and Construction Company, Houston in the proposed construction of certain power stations in Pakistan;
  • Counsel to Whessoe Projects Limited of the U.K. on the Sukkur and Kotri Barrage rehabilitation projects;
  • Advising Nomura Investment Bank (Middle East) EC in connection with Management/Agency arrangements in Pakistan as also on the private placement of foreign securities in Pakistan;
  • Advising a major US corporation in connection with defence and commercial sales in Pakistan;
  • Advising British Columbia Hydro and Power Authority in connection with matters relating to the Southern Electric Power Company Limited;
  • Advising Templeton Investment Management Limited, Edinburgh, in connection with the Templeton Pakistan Fund. Advising foreign and domestic petroleum exploration companies (including Shell, Gulf Oil and Pakistan Petroleum Limited) on the drafting of petroleum concession and related documents and participating in negotiations with the Government of Pakistan in that connection;
  • Acting for Union Texas and Occidental Petroleum in relation to the Badin Energy Centre Project.