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...
We are pleased to announce that we represented Target in acquiring lease ownership of (and entering into ancillary legal arrangements thereof) one of the floors in the newly-built 35 storeys’ twin towers, Sky Towers, in the premier corporate address of Karachi, Pakistan: Dolmen City. After months of negotiations and other lengthy legal...
We are pleased to announce that KPMG Taseer Hadi & Co. (KPMG In Pakistan) has formally retained A&Q as its legal counsel across Pakistan for day-to-day advice and legal services.
At this crossroads where the country is in dire need of financial support, we are excited to share that we represented as local legal counsel the Industrial and Commercial Bank of China Limited (ICBC) on a US$1.3 billion loan extended to the Ministry of Finance, Government of Pakistan, with Norton Rose...
In mid-December, we were engaged by a syndicate led by Meezan Bank Limited who intended to lend PKR 1.5 billion to Masood Textile Mills Limited through a syndicated Islamic tijarah facility, with the syndicate banks purchasing each shipment of made-up fabrics and receiving sale proceeds from buyers. The deal involved the giving...
We are pleased to announce that we represented The Bank of Punjab in its recovery suit against Hascol Petroleum Limited before the Honourable Sindh High Court and have successfully obtained a decree today in BOP’s favour for an amount exceeding PKR 2 billion, marking the FIRST EVER DECREE obtained by any bank...