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Corporate and Commercial

Notable representation

Advising the lead managers in connection with Pakistan’s first sovereign Eurobond Issue in 1994 and Floating Rate Notes Issue in 1996; and subsequently advising on Pakistan’s Eurobond offerings in 2006, 2007, 2015 and 2016 and the US$ 1.5 billion Eurobond and US$ 1 billion Sukuk transaction in December 2017.

Advising Asian Development Bank and Morgan Stanley in partnership with the Crescent Group of Pakistanon the establishment of Pakistan’s first specific offshore country investment fund listed on the New York Stock Exchange.

Advising on the formation of a joint venture between a leading Pakistani business group and a US multinational automotive company, includinga major dispute arising from the joint venture which was settled by payment of US$5 million to the Pakistani joint venture company.

Handling the incorporation and listing on the stock exchange of domestic companies and Pakistan subsidiaries of multinational companies.

Acting as a consultant for 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 Pakistan’s insurance laws.

Acting as Pakistan counsel as part of the consortium led by UBS AG (Warburg Dillon Read) advising the Privatization Commission of the Government of Pakistan in connection with the privatisation of the Karachi Electric Supply Corporation (now K-Electric Limited), including restructuring debt and equity.

Acting for Credit Suisse in connection with the establishment of its Pakistan subsidiary and business operations in Pakistan.

Acting for the International Finance Corporation in connection withthereorganisationand various debt and equity financingsof the Engro group of companies.

Advising foreign and domestic petroleum exploration companies including Shell, Gulf Oil, and Pakistan Petroleum Limitedon the drafting of petroleum concession and related documents and participating in negotiations with the Government of Pakistan in that connection.

Acting as Pakistan counsel in advising China Machinery Engineering Corporation in connection with a joint venture with Engro Corporation to develop an open cast mining facility and coal-fired power plant, including advising on compliance with competition laws.

Advising FINCA Microfinance Bank Limited on regulatory compliance matters and their initial public offering.