Representing MG Motors, A&Q had challenged the Final Assessment Order of Collector of Customs (Appraisal), Lahore through which the Customs Department had demanded from MG almost PKR 1 Billion as unpaid duty. On behalf of MG Motors, Bahzad Haider, Advocate Supreme Court, argued the matter before Collector of Customs (Appeals), Lahore. After...
A&Q has been engaged by JS Bank Limited, PCF Holdings Private Limited and Mauritius-based Pakistan Catalyst Fund I LLC to advise on two joint ventures. The joint ventures are the leading players in the transport sector in Punjab. A&Q Managing Partner Nadeem Ahmed is advising on the matter along with Nazif Ahmed (Head —...
A&Q has advised Dawn Media Group on a serious legal dispute, represented them in various criminal courts and, within a period of four months, brought the entire matter to a successful resolution, thus making it possible for Dawn Media Group to achieve its commercial target. A&Q Managing Partner Nadeem Ahmed advised Dawn Group,...
A&Q is representing a consortium of banks and financial institutions in the restructuring of the following finance facilities extended to Power Cement Limited: (1) Syndicated shariah compliant project finance facility of PKR 12.1 billion extended for the purpose of funding the construction and installation of a cement production project with an...
Today, A&Q's 6 member team has begun conducting due diligence of the corporate and retail (South Region) loan portfolio of about 1,000 customers of HMBL. The DD will entail a review of all the documents pertaining to each facility including sanction advice, finance agreement, promissory note, letter of hypothecation, letter of...
We are pleased to announce that we are acting as project legal counsel in Sky Garden, a multibillion rupee developmental REIT being set up through the Special Purpose Vehicle (SPV) structure. This REIT is set to be the first SPV REIT to be established under the REIT Regulations 2022, marking...
A new era of private-to-private business in Pakistan's gas sector has begun with the first Business-to-Business (BtB) deal under the Third Party Access rules. Universal Gas Distribution Company (UDGCL), a private company, will purchase gas from MOL Pakistan Oil & Gas Co. B.V., Pakistan Petroleum Limited, Government Holdings Private Limited and Oil...
We are proud to announce that we have represented the lenders in long term finance facilities of PKR 5 Billion extended to a major Pakistani airline in relation to its fleet of airplanes. Due to the urgency of the deal, the relevant teams worked overnight and were able to successfully close...
We are proud to announce that we have acted as project legal counsel for the “Signature Residency” REIT (Real Estate Investment Trust) Scheme established by Arif Habib Dolmen REIT Management Limited, being the first ever REIT to be set up under the new REIT Regulations 2022, marking a LANDMARK achievement...
For the past year, we have been representing JS Bank in the US$ 10 Million Pakistan Distributed Solar Project (PDSP) being undertaken by JS Bank in partnership with the United Nations’ Green Climate Fund established within the framework of the UNFCCC. PDSP is the country’s first private-sector renewable energy project and also marks GCF’s...