Contracts/Agreements
SAFE Notes Review
Reviewed and advised on SAFE Notes issued by a fintech company in connection with an investment of USD 250 million.
Project Finance Agreement
Reviewed and advised on a project finance agreement in connection with a project worth Rs. 4.6 billion (approximately USD 38 million) involving a client in the automobile sector.
UAE Oil Company Acquisition
Reviewed and advised on agreements including shareholders agreement, loan agreement and transaction agreement in connection with an acquisition of shares of a UAE-based oil company owned by Pakistani nationals by an international oil company in the UAE. The transaction amount is approximately USD 5 million.
Real Estate Development Project
Reviewed and advised on shareholders agreements and asset sale agreement in connection with a real estate development project involving construction of an apartment building in Lahore. The total project value is around USD 2.3 million.
Cost-Plus Design-Build Contract
Drafted and advised on a Cost-Plus Design-Build Contract for a commercial property.
Software Development & Convertible Note
Reviewed and advised on a software development agreement and a convertible note agreement with a UAE based entity.
Transactions
Cross-Border Acquisition — Healthcare Technology
Advised on the cross-border acquisition of a U.S. based healthcare technology company's wholly owned subsidiary in Pakistan.
Global Acquisition — Merger Compliance
Advised on whether a company incorporated outside Pakistan generating an insubstantial revenue amount in Pakistan is required to comply with any applicable merger laws of Pakistan if it is acquiring another foreign company that is generating no revenue in Pakistan. The total value of the global acquisition was approximately USD 36 million.
Joint Venture — Competition Law Advisory
Advised clients on whether their Pakistan-based companies that were entering into a Joint Venture (JV) to be incorporated outside Pakistan were required to comply with Pakistani merger/competition laws if the JV did not confer joint control on the companies. The combined turnover of the companies in Pakistan was over USD 130 million.
Arbitration & Litigation
DIFC-LCIA Arbitration — Electronics Distribution
Advised and acted as co-counsel for two leading distributors of electronic devices in two international arbitration cases administered under the Dubai International Financial Centre — London Court of International Arbitration (DIFC-LCIA) Arbitration Rules filed against one of the world's largest multinational conglomerates. The amount in dispute was around USD 21 million.
ICC Arbitration — Industrial refrigeration
Advised and acted as co-counsel for a leading Pakistani supply chain company in ICC arbitration against a global industrial refrigeration group. Value: USD 300,000.
DIAC Arbitration — RAM Study Services
Acted as co-counsel in DIAC arbitration proceedings for a Scottish firm providing RAM study services to a UAE-based HSE consultancy.
Jurisdiction Challenge — Islamabad District Court
Represented a client in a USD 21 million dispute before District Court Islamabad for recovery of approximately USD 21 million, challenging court's jurisdiction on the basis of an international arbitration clause and seeking stay of proceedings.
Enforcement of Foreign Awards — Lahore High Court
Represented clients in Lahore and Islamabad High Court in connection with petitions for enforcement of two interim foreign arbitral awards.
Jurisdiction Challenge — Cosmetics Manufacturer
Successfully challenged Pakistani court's jurisdiction while representing a globally recognized cosmetics manufacturer in a USD 3 million recovery suit, resulting in withdrawal by the opposing party.
Discuss Your Matter
Whether you need advice/assistance in connection with a contract or a transaction or representation before a court or an arbitral tribunal in a commercial matter please feel free to reach out to us.
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