On 25 September (Yesterday) a leading bank engaged A&Q as legal counsel for restructuring of a PKR 1.4 billion term finance facility that it had extended to a developmental REIT set up on the direct investment structure. The REIT involves the construction and sale of residential and commercial towers in Karachi. A&Q...
A&Q filed, argued and has succeeded in persuading Honourable IHC to allow Geo Entertainment to recommence broadcasting of it's popular drama serial "Hadsa". Earlier, the broadcasting regulator, PEMRA, without giving any right of hearing, had placed a ban on the broadcasting of the serial "Hadsa". The matter was argued before the Court by Bahzad...
On 25 September (Yesterday) a leading bank engaged A&Q as legal counsel for restructuring of a PKR 1.4 billion term finance facility that it had extended to a developmental REIT set up on the direct investment structure. The REIT involves the construction and sale of residential and commercial towers in Karachi. A&Q...
As legal counsel of a leading commercial bank, A&Q has within four days closed a PKR 5 billion GOP-backed finance facility to the national airline to bridge its urgent operational funding requirements. A&Q team was led by Nazif Ahmed (Head — Corporate).
A syndicate of lenders have engaged A&Q in the extension of syndicated Islamic and conventional finance facilities of PKR 4 billion to a leading electric cable manufacturer. The borrower will utilize the facilities to meet the cost overruns in the project expansion on account of changes in macroeconomic conditions. Apart from drafting...
On 11 September 2023, a leading commercial bank engaged A&Q for the extension of a PKR 5 billion finance facility to the national airline to bridge its urgent operational funding requirements. The facility is secured by a letter of comfort of the Government of Pakistan which will be converted into a...
Representing two separate banks, A&Q has closed Rs 5B debt restructurings of Pakistan Services, the owner company of Pearl Continental Hotels. The restructurings involved the sale of certain non-core assets, with a sponsor support arrangement also being put in place. A&Q team was led by Nazif Ahmed (Head — Corporate).
For the first time in Pakistan, SECP has declared two REITs as shariah compliant. The REITs are ‘Rahat Residency’ and ‘Signature Residency’, in each of which A&Q acted as legal counsel.
Within just three months, A&Q’s six member team has completed legal due diligence of a leading bank's corporate loan portfolio of almost 1,000 corporate customers. The scope of the due diligence exercise included ensuring compliance with offer letters, confirming validity and enforceability of all facility documents, certifying that all charges have...
As part of a consortium comprising Faysal Bank and Arif Habib Dolmen, A&Q has been engaged by PTCL to act as the legal counsel in its plan to monetize of over 600 acres of land located across various cities in Pakistan. A&Q scope of work includes a comprehensive due diligence exercise...