A&Q has been engaged by a leading bank for the restructuring of a PKR 2.4 billion facility availed by a steel company. The borrower will transfer three (3) properties located in Karachi and Islamabad to the bank to settle debt of PKR 2.2 billion while the remaining PKR 200 million...
Today, with A&Q as legal counsel, a leading bank successfully closed a PKR 3.4 billion project standby letter of credit facility to the majority sponsor of a leading coal production company.The purpose of the SBLC Facility was to secure the sponsor’s equity injection commitments towards the financiers of the coal...
A leading Islamic bank has engaged A&Q for a PKR 650M shariah compliant musharaka facility that it plans to extend to a developmental REIT Scheme for the purpose of construction of the grey structure of three residential & commercial towers.As part of its scope, A&Q is conducting a comprehensive due...
A&Q has been engaged by two banks for bilateral restructuring of liabilities of a poultry and ruminant feed company, for an aggregate amount of PKR 600M.The restructuring involves sponsor support commitment as well as a comprehensive collection account and distribution mechanism across all the R/R lenders.A&Q team for these matters...
Representing Islamic Corporation for the Development of the Private Sector (ICD), The OPEC Fund for International Development and DEG Deutsche Investitions und Entwicklungsgesellschaft mbH, A&Q successfully closed the transition from London Inter-Bank Offer Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR) in relation to the following...
Siemens Pakistan has retained A&Q as its legal counsel for day-to-day advice and services.
Representing SBL, after the approval of the deal by the Honorable SHC, A&Q has successfully closed a major restructuring of PKR 4.3 billion liabilities of Tando Allayar Sugar Mills Limited, an Omni Group company.The transaction required a number of complex and challenging legal areas to be covered.In order to safeguard...
Representing NBP, upon the approval of the deal by the Honorable SHC today, A&Q has successfully closed a major restructuring of PKR 1.3 billion liabilities of Pak Ethanol Private Limited, an Omni Group company.The transaction required a number of complex and challenging legal areas to be covered.In order to safeguard...
Today, with A&Q as legal counsel, a syndicate of banks successfully closed a PKR 1 billion Islamic term facility to a leading sugar company to fund its capital requirements during the 2023-24 sugar crushing season.The facility was extended on a diminishing musharaka SLB shariah structure.A&Q team was led by
Today, a leading bank successfully closed a PKR 500M term finance facility to a developmental REIT scheme in Karachi.A&Q acted as lender’s counsel and provided end-to-end legal services which included conducting due diligence and then creating mortgage over the REIT land.A&Q team was led by Saim Hashmi (Senior Counsel)...