Renowned for its expertise in high–value and complex transactions and praised for having 'rich experience in international finance transactions', Akhund Forbes boasts a full-service offering spanning sovereign debt refinancing, loans, and micro-credit transactions for a growing roster of domestic and international clients. The team is also active in advising clients on sovereign debt refinancing matters, as well as liaising with international and multilateral lenders on high-value loans to stabilise the country’s balance of payments. The group’s expertise also extends to assistance with structured sukuk and bond transactions for corporate clients. Rabel Akhund leads the practice with extensive experience acting on behalf of international financial institutions and multinational companies, and he has overseen the firm’s recent expansion to Bangladesh. Akhund is supported by Sahar Iqbal, who has been the go-to counsel for ADB and JS Bank Limited. Senior associate Bilal Awais is another notable name who has worked extensively with the China Development Bank.
Banking and finance in Pakistan
Akhund Forbes
Praxisleiter:
Rabel Akhund
Weitere Kernanwälte:
Sahar Iqbal; Bilal Awais
Referenzen
‘Akhund Forbes responded to us with quality feedback timely and effectively.’
‘Rabel Akhund always provided professional services for us.’
‘Very professional in banking and finance, reasonable and flexible in pricing, and can render responses very quickly.’
Kernmandanten
Act Polyols (Pvt) Limited
Pinsent Masons LLP
JS Bank Limited
Arif Habib Group
edotco Group Sdn Berhad
Edotco Pakistan (Private Limited)
Aisha Steel Mills Limited
Mastercard
Deutsche Bank
Credit Suisse
China Development Bank
Act Polyols
China Power Hub Generation Company Limited
FenXun Partners
Asian Development Bank
Paine Sevens LLC
Kleiner Perkins
Sequoia Capital
Privatisation Commission, Govt of Pakistan
Faysal Funds
ZoodPay
Highlight-Mandate
- Represented China Development Bank in a USD1bn and USD700m loan to the Government of Pakistan to support it with its balance of payments.
- Advised Asian Development Bank on the provision of loan facility allowing the use of village banking methodology in micro credit to alleviate poverty.
- Advised China Power Hub Generation Company Limited on the issuance of commercial and Sukuk papers amounting in excess of PKR70bn in order to manage the increasing price of imported coal in international market.
Haidermota & Co Advocates
At the centre of Pakistan’s banking and financial markets, Haidermota & Co Advocates 'excels in innovative problem-solving' and offers an all-encompassing financial products service, from leveraged and acquisition finance, to Islamic finance and financial restructuring and rescheduling. The team advises the Central Bank of Pakistan on regulatory matters, as well as other multilateral agencies and financial institutions. Co-leading the team is Khozem Haidermota, a sought-after practitioner for complex, high-value deals, Mohammad Anwer, an expert in corporate finance, and Zahra Abid, who uses her knowledge of the financial sector to advise on legislative reform. Other key individuals include M&A lawyers Shabbir Harianawala and Ali Vasi, in addition to Owais Aziz, who heads the firm’s Islamabad’s practice.
Praxisleiter:
Khozem Haidermota; Mohammad Anwer; Zahra Abid
Weitere Kernanwälte:
Shabbir Harianawala; Ali Akber Vasi; Owais Aziz
Referenzen
‘They have successfully been able to build a great team in order to provide a phenomenal suite of services. From a personal viewpoint, I like that the firm has mentored professionals from within the firm to take up the partner role, which allows for great continuity of transactions and relationships.’
‘Their grasp and understanding of regulatory matters is very impressive with good drafting in terms of chamber work. Zahra Abid is a prime example of growth from within the firm to reach partner level.’
‘Zahra Abid is focused on the task at hand and thinks outside the box, providing practical advice which is solution oriented. Her ability to understand the clients’ objectives, and step into negotiations with the intent to negotiate a solution, is exceptional. I have also found the firm enthusiastic to take on new tasks and industries, which makes them the first point of call for any legal services.’
Kernmandanten
Habib Bank Limited
Vision Group
United Bank Limited
Mashreq Bank
Kuda technologies Limited
City School (Pvt.) Ltd
Fatima Fertilizer Company Limited
Alif Capital Holdings Limited
Habib Bank Limited and other Financial Institutions
Mobilink Microfinance Bank Limited
JS Bank Limited
Pakistan Mobile Communication Limited
Bank Alfalah Limited
Karandaaz Pakistan
U Microfinance Bank Limited
Askari Bank Limited
Allied Bank Limited
Infra Zamin Pakistan Limited
Orient power company (private) limited,
saif power limited
halmore power generation company limited
Waves Singer Pakistan Limited
Pakistan Microfinance Investment Company Limited
National Bank of Pakistan
Engro Powergen Thar (Private) Limited
Sindh Engro Coal Mining Company
Telenor Microfinance Bank Limited
Summit Bank Limited
JS Bank Limited
Highlight-Mandate
- Acting for Habib Bank Limited in relation to its standby letter of credit facility to K-Electric Limited in relation to its payment obligation under a power purchase agreement.
- Acted for Vision Group in the proposed acquisition of a majority stake of Silk Bank Limited.
- Assisted Mashreq Bank with preparing its application for establishing a digital retail bank in Pakistan licensed under Section 27 of the Banking Companies Ordinance, 1962 read with the Licensing and Regulatory Framework for Digital Banks issued by the State Bank of Pakistan.
Liaquat Merchant Associates
A leading firm with a long-established banking practice, Liaquat Merchant Associates advises clients on the full breadth of banking and finance legal services with expertise in Islamic and Sharia compliant modes of financing. The team is well-versed in structuring corporate and consumer financing, leveraged and acquisition financing, and electronic banking. The department is chaired by experienced banking practitioner Faresa Jafarey Ahsan. She is supported by Hira Ahmad, who advises leading banks on finance agreements and regulatory matters, and senior associates Surrina Nasir and Asad Karim.
Praxisleiter:
Faresa Jafarey Ahsan
Weitere Kernanwälte:
Hira Ahmad; Surrina Nasir; Asad Karim
Referenzen
‘The team provide exceptional client service, have positive word-of-mouth, embrace technology, have great marketing, and have a team with expertise that is consistent with the firm’s mission.’
‘Excellent logical, analytical, research and writing skills, prepare effective, clear and well-reasoned legal documents and arguments that require research, plus a strong analytical and logical approach.’
‘The blend of knowledge of laws, statutes, regulations, customs, and experience in a variety of situations and legal expertise make their practices unique.’
Kernmandanten
Pak Brunei Investment Company Limited
PAIR Investment Company Limited
JS Bank Limited
Habib Metropolitan Bank Limited
Bank AL Habib Limited
Habib Bank Limited
Faysal Bank Limited
OLP Financial Services Pakistan Limited
Pak Oman Investment Company Limited
Soneri Bank Limited
Standard Chartered Bank Pakistan Limited
EXIM Bank of Pakistan
Bank Alfalah Limited
Highlight-Mandate
- Advised a consortium of banks comprising MCB Bank Limited, National Bank of Pakistan, Habib Bank Limited, United Bank Limited, and Allied Bank Limited in respect of finances extended to Trading Corporation of Pakistan for the aggregate amount of PKR175 Billion for the period commencing from 01.01.2023 up to 31.12.2023.
- Assisted Pak Brunei Investment Company Limited with drafting facility and security documents in relation to financing disbursed to various customers, and the aggregate portfolio of such financing adds up to a total in access of PKR5bn.
- Advised a consortium of banks comprising of United Bank Limited, National Bank of Pakistan, and Allied Bank Limited Bank Alfalah on short term capital finance extended by the banks individually to the Hub Power Company Limited for an aggregate amount of PKR10bn.
RIAA BARKER GILLETTE
RIAA BARKER GILLETTE is distinguished for representing leading multinational banks, corporations, and developers across a swathe of sectors. The firm boasts full-service capabilities in the banking and finance arena and handles a wide range of financing and security arrangements, including enforcement actions, debt to equity conversions, and syndicated and substantial loan transactions, as well as Islamic modes of financing; one client praises it for its 'in-depth understanding of project financing transactions'. Taking an innovative approach to new financial instruments, the firm has represented high-profile banks and financial institutions, for example the Export-Import Bank of China, Citibank, IFC, ADB, and the World Bank. The team is led by Bilal Shaukat, who has particular expertise in power projects financing and is supported by Ahsan Zahir Rizvi, an expert in statutory enactments and regulatory frameworks. Hasnain Naqvee leverages his corporate knowledge and operates from the Lahore office. Adil Tirmizey is another key practitioner who advises some of Pakistan’s largest banks on multiple local and cross-border deals.
Praxisleiter:
Bilal Shaukat
Weitere Kernanwälte:
Ahsan Zahir Rizvi; Hasnain Naqvee; Adil Tirmizey
Referenzen
‘The ability of the partners to draft agreements in accordance with the innovative structures of deals and also provide legal guidance on transaction structures is exceptional.’
‘Availability and knowledge of partners as well as team members are impressive. This is a major reason why this firm is our first choice for recent transactions.’
‘The experience of the firm in certain sectoral transactions are major strengths of the firm.’
Kernmandanten
National Bank of Pakistan
Lucky Electric Power Company Limited
Allied Bank Limited
Faysal Bank Limited
United Bank Limited
Askari Bank Limited
Bank Alfalah Limited
The Bank of Punjab
Habib Bank Limited
Meezan Bank Limited
Dubai Islamic Bank Pakistan Limited
Highlight-Mandate
- Acted for National Bank of Pakistan in the provision of a finance facility of up to PKR65bn for Government Holdings Private Limited in connection with the settlement of the disputes to enable the reconstitution of the Reko Diq Project.
- Representing a syndicate of banks including the Bank of Punjab in relation to the provision of additional working capital facilities for the 1200mw RLNG based power plant at Jhang.
- Advised a syndicate of banks including Habib Bank Limited on the privatisation of two power plants.
Kabraji & Talibuddin
Headquartered in Karachi, Kabraji & Talibuddin is a leading firm offering full-service banking and finance capabilities, including letters of credit, Islamic financing agreements, and financing from foreign entities, with particular sector focus on aviation financing transactions. With noted expertise in complex onshore and cross-border financial transactions, the team is co-led by Syed Ali Bin Maaz, who leverages his experience in the energy and natural resources sector, and Maheen Faruqui, who boasts a diverse client portfolio of banks and financial institutions, as well as start-ups. Other heads of team include Mubashir Hussain Shah and Kairas Nader Kabraji. Zahra Tariq joined Vellani & Vellani in October 2022.
Praxisleiter:
Kairas Kabraji; Syed Ali Bin Maaz; Maheen Faruqui; Mubashir Hussain Shah
Referenzen
‘The team has a strong grasp of commercial and financial regulations and matters.’
‘Syed Ali Bin Maaz has exceptional command on the subject matter pertaining to project finance, corporate finance, commercial and port operations.’
Kernmandanten
International Finance Corporation
National Bank of Pakistan
Habib Bank Limited
Samba Bank Limited
Dubai Islamic Bank (Pakistan) Limited
Bank Islami (Pakistan) Limited
Meezan Bank Limited
Bank Al Falah Limited
Bank Al Habib Limited
Al Baraka Bank (Pakistan) Limited
Bank of Punjab
Pak Kuwait Investment Company Limited
JS Bank Limited
Pak Brunei Investment Company Limited
Highlight-Mandate
- Advised the local lenders comprising Meezan Bank, Bank Al Falah, and Bank Al Habib on all matters pertaining to Pakistan law concerning the super six projects.
- Advised the International Finance Corporation on its finance facility provided to Coca Cola Beverages Limited in order to meet its working capital requirements.
- Advised for the senior lenders on the extension of a standby letter of credit facility of Hub Power Generation Company.
Orr, Dignam & Co.
The Karachi-based banking and financing team at Orr, Dignam & Co. is highly experienced in major transactions and regularly acts for banks, sponsors, export credit agencies, multilateral institutions, Islamic banks, and government agencies. The team is well-equipped to advise on project financing, working capital, and both conventional and Islamic credit facilities. Recently, the practice has assisted leading pharmaceutical companies and brands such as Uber with their financial restructuring within the territory. Well-regarded for their technical expertise, the team is experienced in high-end structured financing in the aviation and fintech industries, and is jointly led by Zahir Riaz, Aliya Yusuf, Asim Nasim, Shahid Raza, and Umar Shahid.
Praxisleiter:
Zahir Riaz; Aliya Yusuf; Asim Nasim; Shahid Raza; Umar Shahid
Kernmandanten
United Bank Limited
Citibank Pakistan N.A.
Credit Suisse
Faysal Bank Limited
Institute of Bankers Pakistan
Magnus Investment Advisors
PAIR Investment Company Limited
National Bank of Pakistan
Foundation Wind Energy Limited
Fauji Kabirwala Power Company Limited
KfW Bankengruppe
Channel VAS
Optasia
Zarai Taraqiati Bank Limited
Siemens Pakistan Engineering Company Limited
Eni S.p.A
Highlight-Mandate
- Advising Inter State Gas (Private) Limited on the financing of the Turkmenistan Afghanistan Pakistan and India Gas Pipeline Project, including key bankability issues.
- Advised ENI on the foreign exchange regulations of the State Bank of Pakistan governing the remittance of its divestment proceeds from Pakistan.
- Advised Channel VAS Pakistan (Private) Limited on the legal regime regulating lending by non-banking micro-finance companies in Pakistan.
Nawaz Hussain Sikander
Nawaz Hussain Sikander has considerable experience in the banking industry, advising major banks and financial institutions on bilateral/syndicate conventional and Islamic financing transactions, structuring transactions, and trade products. The team is also well-versed in developing financing strategies and providing advice on financial documents for both the borrower and the lender. Co-leading the group from Karachi is Imran Nawaz Memon, who leverages his wide-ranging knowledge of corporate and financial transactions, and corporate lawyer, Mir Nasar Ahmad. Mehrunnissa Katpar advises clients on a range of matters including load syndication, Islamic finance, debt restructuring, secured and unsecured lending, and project financing transactions. Umed Ali is another key figure in the team.
Praxisleiter:
Imran Nawaz Memon; Mir Nasar Ahmed
Weitere Kernanwälte:
Mehrunnissa Katpar; Umed Ali
Kernmandanten
Abhi (Pvt.) Limited
Pak Brunei Investment Company Limited
Habib Metropolitan Bank Limited
Highlight-Mandate
- Advised Habib Metropolitan Bank Limited on creating and perfecting security under financing being availed by CDC Trustee Silk Islamic Development Real Estate Investment Trust.
- Acting for Pak Brunei Investment Company Limited in a Sukuk transaction worth PKR 1 Billion.