Contracts
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.
Legal Advice & 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/suppliers of electronic products 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 is around USD 21 million.
ICC Arbitration — Heavy Equipment & Food Supply
Advised and acted as co-counsel for one of Pakistan's leading heavy equipment and food supply chain companies in international arbitration proceedings under the International Chamber of Commerce (ICC) Arbitration Rules involving one of the world's leading global groups in industrial refrigeration. The amount in dispute was around USD 300,000.
DIAC Arbitration — RAM Study Services
Acting as co-counsel in Dubai International Arbitration Centre (DIAC) arbitration proceedings for a Scottish firm providing services related to Reliability Availability and Maintainability (RAM) study to a UAE-based technical Health Safety and Environment (HSE) and risk management consultancy.
Jurisdiction Challenge — Islamabad District Court
Advised and represented a leading distributor/supplier of electronic products in connection with a civil suit filed against it in District Court, Islamabad, for recovery of approximately USD 21 million. In view of the international arbitration clauses in the distribution agreements between the parties, our firm is challenging the jurisdiction of the court and seeking a stay of the proceedings under the Recognition and Enforcement (Arbitration Agreements and Foreign Arbitral Awards) Act 2011.
Enforcement of Foreign Awards — Lahore High Court
Advised and represented the client in connection with petitions for enforcement in the High Court of two interim foreign arbitral awards rendered by an international arbitration tribunal. Our firm is also representing the client in a civil suit filed against it in Civil Court, Lahore, for recovery of approximately USD 6 million. In view of the international arbitration clauses in the distribution agreements between the parties, our firm is challenging the jurisdiction of the court and seeking a stay of the proceedings under the Recognition and Enforcement (Arbitration Agreements and Foreign Arbitral Awards) Act 2011.
Jurisdiction Challenge — Cosmetics Manufacturer
Represented a globally recognized manufacturer of cosmetics in connection with a civil suit filed against them in Civil Court, Lahore, for recovery of approximately USD 3 million. In view of the dispute resolution clause conferring exclusive jurisdiction on courts in Germany, our firm challenged the Pakistani court's jurisdiction and was successful in having the suit withdrawn by the opposing party, the local distributor of the company.
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