Banking Law

Our banking and finance department provides comprehensive legal advice across a wide range of finance matters, making us the trusted partner for individuals, companies, and financial institutions. With deep expertise in both local and international financing agreements, we offer tailored solutions for clients navigating complex financial landscapes.

We specialize in areas including corporate loans, syndicated financing, mezzanine and leveraged finance, structured finance, asset finance, as well as ship, aircraft, and project finance. Our team is also highly experienced in handling LMA documentation, loan transfers, and addressing post-LIBOR transition challenges such as SOFR and Term SOFR.

When it comes to project finance, our focus is on ensuring your projects are structured with risk allocation that makes them bankable. We understand the concerns of lenders and their credit committees, and we work proactively to resolve any issues in project documentation, creating seamless, worry-free transactions.

We know that the strength of any finance transaction is anchored in its security arrangements. Our team conducts meticulous legal reviews of security documents and provides expert advice on creating robust, enforceable security packages under local laws, giving you confidence that your interests are well-protected.

As trusted local counsel, we’ve supported countless banking and finance transactions, offering thorough legal reviews of finance and security documents, advising on regulatory compliance, and ensuring that foreign exchange regulations and security packages align with local law. We frequently collaborate with international counsel, ensuring a smooth review process for finance and security documents governed by Pakistani law.

We are proud to be a key advisor in significant infrastructure and project finance transactions, including telecom, water and power projects (IWP and IPP), energy, oil and gas, industrial plants, real estate developments, PPP projects, and road infrastructure. Our expertise extends to complex transactions involving European and Far Asian Export Credit Agencies.

Our team excels in navigating LMA documentation, syndication, intercreditor arrangements, and loan restructuring. We support lenders and clients in fulfilling conditions precedent for drawdowns and in issuing customary legal opinions, ensuring smooth and efficient financing operations.

We have advised leading local and international financial institutions and have successfully represented borrowers in projects funded by prestigious international financial organizations. With extensive experience in managing large-scale recovery and remedial mandates, our team provides proactive, strategic solutions to safeguard your interests and navigate complex financial challenges.

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Notable Matters

• Advised a leading bank on various matters relating to performance and discharge of conditions precedents in a syndicated loan transaction involving two other banks.
• Advised a Chinese bank on a US$100 million subordinated loan transaction with a leading Bank in Pakistan.
• Advised a governmental authority on various aspects of a US$230 million finance facility, specifically relating to rebate, commitment charges, use of proceeds of the loan, amortization/repayment.
• Advised as a sponsors’ local counsel on matters pertaining to project development and US$299 million project finance facilities.
• Advised on the granting and structuring of cross border trade finance facilities.
• Advised an Omani company on facilities obtained by their Abu Dhabi based subsidiary from an Abu Dhabi Bank.
• Advised two leading foreign banks on the project finance facilities for the development of green-field throughput facilities in a GCC country.
• Advised a lending syndicate as Omani counsel on the project financing facilities of approx. US$260 million pertaining to the development of the Sohar IV IWP.
• Advised the lenders consortium on a US$165 million finance facility to a Kuwaiti Energy Group including carrying out a comprehensive due diligence.
• Advised a large GCC bank on the establishment of an investment banking advisory desk in the United Arab Emirates.
• Advised an international bank on a multi-million dollar revolving credit facility for a Government holding company based on LMA documentation and financed on a SOFR/Term SOFR basis.
• Advising a GCC based project company as borrower’s counsel in respect of an integrated conventional and Islamic project finance facilities comprising of a conventional term loan and a diminishing Musharakah-cum-ijarah facility covering trade finance facilities.
• Advised a international Broadband Company and a foreign governmental Investment Authority as sponsor’s and borrower’s legal counsel on an approx. US$240 million project financing based on an accordion feature for the development of nationwide telecommunications and fibre optic infrastructure financing led by an foreign Infrastructure Investment Bank  in Phase 1 and advising the international Broadband Company in Phase 2 of the financing on SOFR/Term SOFR basis.
• Advised a Singaporean Company on a lease finance of an Airbus H125 helicopter by a GCC operator for private city tour helicopter service.
• Advised the an international sugar refinery and the sponsor on an approximate EUR 235 million ECA project finance facility arranged by several international banks.  

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