Ahmed And Qazi Advocates and Legal Consultants - Nadeem Ahmed Advocate

Our firm is recognised for the level of expertise we offer in each of our specialist areas.

This section of the site will give you a brief overview of the kind of advice we deliver and the range of issues we engage in for our clients.

“Ahmed & Qazi team has a good strategy and a solid grasp of legal concepts.” (Chambers Asia Pacific)

“Experienced individuals who are prompt in their approach and who are praised for their ability to work as a team to achieve the targeted goal.” (The Legal 500)

Banking and Finance

In banking and finance, having the advantage of almost three dozen experienced lawyers, A & Q handles almost half of the legal services that are availed every year by banks and financial institutions in the commercial hub of Karachi, Pakistan. These include rendering opinions, drafting finance agreements, drafting security creating documents, getting mortgages created and registered. These services also include filing and pursuing recovery suits in case of defaulted loans.

A & Q is the only law firm that has conducted legal audit of all the leading banks in the country. We have also drafted standard financing and security documents for various banks.

We regularly advise financial sponsors, lenders, borrowers, investors, fund managers, pension trustees, central banks and government agencies in relation to those core areas.

“What the team is known for the drafting of financial documents and syndicated financing.” (Chambers Asia Pacific)

“Within Banking and finance, Ahmed & Qazi is a first tier firm.” (The Legal 500)
“Experienced individuals who are prompt in their approach, and who are praised for their ability to work as a team to achieve the targeted goal.” (The Legal 500)

• Advising banks and financial institutions on regulatory requirements;

• Drafting various loan, security and charge documents on behalf of banks and financial institutions;

• Drafting different agreements for banks and financial institutions;

• Advising commercial banks and financial institutions on day-to-day regulatory and compliance issues;

• Advising leasing companies on different legal issues;

• Drafting and negotiating settlement/restructuring/rescheduling agreement for banks;

• Drafting and negotiating agreements for syndicate finance facilities;

• Conducting Legal Audit of banks’ and financial institutions’ credit record;
• In case of default of finance facilities, representing banks and leasing companies and other financial institutions in Banking Courts to obtain earliest decrees and enable them to recover their claim amount through sale of any securities that may be held by them;
• Advising banks and financial institutions for preparation of their credit policies, risk management policies and different guidelines;

• Giving formal opinions to banks and financial institutions on title and validity of securities being offered by their borrowers;
• Some of our renowned transactions are as follows:
• Acting as transaction lawyer for a syndicate of banks including National Bank of Pakistan, MCB Bank Limited, Allied Bank Limited, Pak China Investment Company Limited and 3 other financial institutions (“Syndicate”), the Syndicate is intending to restructure the payment obligations of PKR 6.5 Billion of Fauji Akber Portia. The transaction will include the restructuring of various facilities by way of rescheduling, reduction in mark-up, issuance of Preference Shares, issuance of Privately Placed Term Finance Certificates, etc. The transaction will also include obtaining requisite approvals from other lenders, shareholders and Securities & Exchange Commission of Pakistan;

• Acted as transaction lawyer in the Musharka Transaction of PKR 3.2 Billion (Shirkat-ul-Aqd) in respect of Zaver Petroleum Corporation Limited (“Zaver”) the Investment Agent (on behalf of the Participants) entered in to a Musharaka with Zaver for the purpose of procuring oil and liquid petroleum gas for onward sale;

• Acted as the transaction lawyer of Qasim International Container Terminal Pakistan Limited (“QICT”) (a subsidiary of Dubai Port World) in a Syndicated Musharka Transaction of PKR 7.3 Billion availed by QICT from the syndicate of banks i.e. Meezan Bank Limited, Faysal Bank Limited, Dubai Islamic Bank Pakistan Limited, Al Baraka Bank Pakistan Limited and the Bank of Punjab (the “Syndicate”);

• We acted as the transaction lawyers and represented Al Baraka Bank (Pakistan) Limited in Diminshing Mushraka (Shirkat ul Milk) Facility of PKR 6.5 Billion availed by Sui Northern Gas Pipelines Limited from Al Baraka Bank (Pakistan) Limited;

• Acted as transaction lawyer for a syndicate led by Meezan Bank, including MCB Bank Limited and Allied Bank Limited, transaction involving sale and lease back of assets of PKR 2.25 Billion of Century Paper & Board Mills Limited;

• Acted as transaction lawyer in the Youth Loan Scheme valuing of PKR 5 Billion, under the name of “Prime Minister Youth Loan Scheme” we have structured and drafted the standard financing and security documents, which will be used all over Pakistan by National Bank of Pakistan to disburse the loans under the said Scheme;

• Acted as the transaction lawyer for National Bank of Pakistan in a project finance transaction to be availed by Sindh Nooriabad Power Company I and II for setting up a 100 MW power project, valuing of Euros 23 Million (approx.);

• Acted as the transaction lawyer for National Bank of Pakistan in respect of the Infrastructure Project Finance Facility worth USD 35.5 Million Only, availed by Engro Elengy Terminal Private Limited for setting up the infrastructure for the handling and processing of embargo relating to LNG;

• Acted as the transaction lawyer of the Askari Bank Limited in respect of a Finance Facility valuing of PKR 1.2 Billion availed by International Complex Projects Limited;

• Acted as the transaction lawyer in respect of Finance Facility availed by Uch Power (Pvt.) Limited valuing of PKR 1 Billion;

• Acting as the transaction lawyer for Allied Bank Limited in a term finance facility valuing of PKR 1 Billion availed by Mari Petroleum Company Limited;

• Acting as the transaction lawyer in the restructuring of certain finance facilities by Galadhari Cement (Gulf) Limited from a syndicate of NBP, MCB, ABL, UBL, BEL, IDBP and HBL;
• Acted as the lawyer for a major foreign oil and gas company in a foreign secured syndicated term loan transaction of US $ 42.5 Million;
• Acted as lawyer in restructuring of Pioneer Cement for a loan of Rs. 3 Billion availed from NBP;
• Represented Warid in a foreign loan transaction amounting to US $ 500 Mn. involving local as well as foreign banks;
• Acted as transaction lawyer in the restructuring of finance facilities availed by Byco Petroleum from NBP;
• Acted as transaction lawyer in Debt to Asset Swap transactions in respect of NBP (New Allied (LG), Independent Newspaper Corporation (Jang/Geo)), ABL (Jofa Builders, Invest Capital Investment Bank, Saudi Pak Leasing), FBL (Saudi Pak Leasing), KASB (New Allied (LG), Ace Securities, Kapadia Bela), MyBank (Dewan Group – 4 companies), NIB (Bibojee, Fazal-e-Rabbi Pvt. Ltd, Wak Ltd), MCB (Atlas Group and World Group), NBP, ABL & FBL (JavedanCorporation), NIB (Exquisite Industries), MCB (Mehmood Industries), NIB (Amtex Limited), NBP (Afroze Textile), etc.;
• Acted as transaction lawyer in the restructuring of various finance facilities availed by Dewan Farooq Motors Limited from 18 different financial institutions, though the transaction is yet to be concluded;
• Acted as transaction lawyer for NBP and Tuwairqi Steel Mills Limited for finance facilities worth US $ 35 Million;
• Acted as transaction lawyer for a syndicate led by Meezan Bank in diminishing Musharaka transaction with Shifa International;
• Acted as transaction lawyer for NBP, Silk Bank, Summit Bank and Sindh Bank in two (2) project finance transactions to Bandhi Sugar Mills;
• Acted as transaction lawyer for a syndicate led by Meezan Bank in a diminishing Musharaka transaction with Packages Ltd;
• Acted as transaction lawyer in restructuring of various finance facilities availed by Farooqi Pulp Mills from NBP, ABL, UBL, MCB, HBL and BEL;

• Acting as transaction lawyer for a NBP led syndicate for restructuring of Dost Steel Mills Limited;
• Acted as a transaction lawyer for NIB Bank Limited in debt to swap transaction in respect of Sine International (Pvt.) Limited;
• Acted as a transaction lawyer for a syndicate comprising of Summit Bank Limited, Sindh Bank Limited and National Bank of Pakistan in syndicated finance facility to ASG Metals Limited;
• Acted as a transaction lawyer for National Bank of Pakistan in a restructuring cum settlement transaction of Javedan Corporation Limited. The transaction involved the issuance of privately placed Term Finance Certificates and acquisition of immovable property by the bank to settle certain payment obligations of Javedan Corporation Limited;
• Acted as a transaction lawyer for National Bank of Pakistan in a restructuring cum settlement transaction of Afroze Textile Mills (Pvt.) Limited. The transaction also involved the issuance of privately placed Term Finance Certificates and acquisition of immovable property by the bank to settle certain payment obligations of Afroze Textile Mills (Pvt.) Limited;
• Handled and structured various innovative transactions including share option schemes for companies and issuance of TFCs in which Advisor-Arranger was Jahangir Siddiqui & Co.;
• Acted as transaction lawyer in the Diminishing Musharaka Transaction (Shirkat-ul-Milq) in respect of Ghani Global Glass Limited (“Customer”) with a syndicate of banks including Albaraka Bank (Pakistan) Limited, The Bank of Khyber and Askari Bank Limited (the former being the Investment Agent and the latter two being the participants);
• Acted as transaction lawyer for Bank Al Habib Limited in the Restructuring and Debt-to-Asset Swap transaction of Be Be Jan Group (“BBJ”). The Bank agreed to restructure certain repayment obligations of BBJ and to settle certain repayment obligations of BBJ by acquiring the properties of BBJ;
• Acted as transaction lawyer for Bank Al Falah Limited (“Bank”) in the restructuring of certain finance facilities availed by Javed Omer Vohra & Company (Pvt.) Limited (“JOVC”). The Bank agreed to restructure certain repayment obligations of JOVC and to settle certain repayment obligations of JOVC by acquiring the properties, shares, memberships of Golf Club of JOVC;
• Acted as the transaction lawyer of the Syndicate of Sindh Bank Limited and Summit Bank Limited in the Syndicated Finance Facility availed by Pak Ethanol (Pvt.) Limited;
• Acted as the transaction lawyer of the Bank of Punjab in respect of a Finance Facility availed by Arif Habib Corporation Limited;
• Acted as the transaction lawyer of Allied Bank Limited in respect of a Finance Facility availed Lafarge Pakistan Cement Limited;
• Acted as the transaction lawyer of the Bank of Punjab in respect of a Term Finance Facility availed by Mr. Shoukat Tarin;

• Acted as the transaction lawyer for National Bank of Pakistan in the restructuring of outstanding liabilities of Pak Elektron Limited towards National Bank of Pakistan, the transaction included issuance of PPTFCs, ordinary shares, Preference Shares, etc.;

• Acted as the transaction lawyer for Bank Alfalah Limited in the restructuring of outstanding liabilities of Fazl-e-Rabbi Steel Private Limited towards Bank Alfalah Limited;

• Acted as the transaction lawyer for Bank Alfalah Limited in the restructuring of outstanding liabilities of Gulknit Private Limited towards Bank Alfalah Limited;

• Acted as the transaction lawyer for Bank Alfalah Limited in the restructuring of outstanding liabilities of Baloch Autos towards Bank Alfalah Limited;

• Acting as the transaction lawyer for Al Baraka Bank Pakistan Ltd in a Diminishing Musharaka in respect of TCS Express & Logistics;

• Acting as the transaction lawyer for Albaraka Bank (Pakistan) Limited and Summit Bank Limited in settlement of Elite Publishers Limited’s certain payment obligations towards the banks;

• Conducted the Locker-Breaking Exercise with Allied Bank Ltd in respect of thousands of Lockers being maintained with the bank.

• Acted as transaction lawyer for a syndicate finance facility by a consortium of six major financial institutions for Bawany Air;

• Acted as a transaction lawyer for National Bank of Pakistan in a term finance transaction worth PKR 2,000,000,000/- for Pakistan International Airlines Corporation Limited.
• Acting as transaction lawyer for a syndicate led by NBP, raising funds by PRACS for BMR of almost 100 identified locomotives of Pakistan Railway, the transaction also includes a comprehensive BMR Arrangement Agreement to be executed by PRACS and Pakistan Railway.