asialaw Analysis

General business law
ABS & Co
Work highlights

Advising a government energy-related commission on matters related to the construction of a nuclear power project with China.

Representing a foreign tubular products producer in its negotiations with the government of Pakistan regarding US sanctions and its effect on the North-South Gas Pipeline project.

Advised Samson Group of Companies on its proposed acquisition of a fruit juice company.

Acted for China Ghezouba Group Company on issues regarding the reimbursement of income tax deducted by the Water and Power Development Authority for the execution of works under variation orders.

Key clients

Bank of Punjab, Enar Petroleum, National Bank of Pakistan, Siddiqsons Tinplate

Akhund Forbes
Work highlights

Advising the Privatisation Commission of Pakistan on the privatisation of two RLNG-based power plants. This transaction, expected to yield $2 billion through a strategic sale, will be the largest ever power sector privatisation in Pakistan’s history.

Represented Thai Stanley Electric Public on its maiden private equity investment and a joint venture in Pakistan with a domestic electronics manufacturer.

Acting for the Asian Development Bank on a loan transaction by conducting due diligence on the borrower and providing local law advice in connection with the loan facility.

Advised Facebook on the domestic regulatory landscape of the provision of telecommunications and IT services in Pakistan.

Representing United Bank Funds on launching the first-ever exchange traded fund (ETF) in Pakistan.

Key clients

Central Depository of Pakistan, China Export and Credit Insurance Corporate (Sinosure), China Power Hub Generation Company, Chongqing Changan Automobile, Gemini Office Holdings

Kabraji & Talibuddin
Work highlights

Advising a consortium of banks on the Thar Coalfield Block 1 Mine-Power Project that spans across three countries and valued at a combined total of over $2 billion.

Acting for China Development Bank on its role as a key lender for the $1.68 billion Kohala Hydropower project, which is the largest hydropower initiative currently being undertaken in the country.

Represented lenders Bank Alfalah, Meezan Bank and Bank Al Habib of the high-profile ‘Super Six’ winds project located in Sindh and set up by six project companies. The working capital from the clients to the companies was provided in the form of conventional and Islamic finance facilities.

Key clients

Hub Power Holdings, Industrial and Commercial Bank of China, International Petroleum Investment, JP Morgan Securities

Vellani & Vellani
Work highlights

Advised a domestic fashion retail company on its national and international restructuring.

Representing a Pakistani conglomerate on the sale of its shares in Colgate-Palmolive.

Defending a port authority in a suit filed against it by a marine terminal company over implementation agreement terms.

Advising a leading domestic power developer in relation to a RLNG power project and preparing the EPC contract for the project. The firm is also advising the company in relation to the acquisition of a wind power project.

Yousaf Amanat & Associates
Work highlights

Advising China Gezhouba Group on the local tax regime regarding its hydel power project, including the double taxation treaty that exists between Pakistan and China. The client was able to save $3 million in income tax.

Representing Nokia phone manufacturer, HMD Global Oy, on an employment-related regulatory matter. At one point, the matter escalated into a criminal complaint, but the firm successfully steered the matter in favour of the client without any disruption to the management or the production staff. 

Acting for China Railway Construction Corporation on its procurement of the $435 million Orange Line Train Project in Pakistan.

Key clients

Adva Communications, Agility International, Oxfam International, Shandong Hi-Speed Group