Haidermota & Co Advocates > Karachi, Pakistan > Firm Profile

Haidermota & Co Advocates
D-79, BLOCK 5
KDA SCHEME NO 5, CLIFTON
KARACHI 75600
Pakistan

Pakistan > Banking and finance Tier 1

Haidermota & Co Advocates supports clients across the full spectrum of financial products including syndicated lending, debt instruments, convertible loans, leveraged and acquisition finance and Islamic modes of financing. In particular, it is renowned for its work relating to complex security structures, inter-creditor arrangements and financial restructuring. The practice handles regulatory issues regarding novel structures of debt instruments and convertible loan instruments, as well as minimum capital requirements, AML/KYC, adequacy of security, and banking secrecy laws. Khozem Haidermota manages the team alongside Mohammad Anwer, with both recommended for their work in the corporate finance space. Zahra Abid completes the leadership trio, often advising foreign and local banks, as well as financial institutions.

Practice head(s):

Khozem Haidermota; Mohammad Anwer; Zahra Abid

Testimonials

‘Zahra Abid is excellent on regulatory laws and regulations.’

‘This is a team that really knows their stuff.’

‘Ability to think out of the box. Total solution oriented approach.’

‘Zahra Abid has an excellent attitude and commendable on regulatory issues.’

‘Solution oriented. Up to date on the legal matters. Diversified team. Quick turn around.’

‘This is a team that really knows their stuff – and they are responsive and commercial. In short they are a clear go-to team for complex and bespoke transaction advice and their practical approach to questions and deal complexities makes it a true pleasure to work with them.’

Key clients

The World Bank Group – International Finance Corporation (IFC)

CDC Group Plc

Habib Bank Limited

Zhenfa Pakistan New Energy Company (Private) Limited – engaged by CDC Group Plc and Habib Bank Limited

United Bank Limited

Citibank N.A. Pakistan

Standard Chartered Bank

Bank Alfalah Limited and GuarantCo Ltd

National Bank of Pakistan

EXIM Bank of Pakistan

National Bank of Pakistan

Pakistan Mortgage Refinance Company Limited

Meezan Bank Limited

Credit Suisse International

BankIslami Pakistan Limited

Saudi National Bank

Karandaaz Pakistan

Work highlights

  • Engaged as consultants by IFC to prepare a non-performing loans diagnostic assessment report.
  • Acted as legal counsel for Habib Bank Limited and other syndicate members in relation to local currency long-term syndicated financing facilities of an aggregate amount up to 43.5bn Rs in relation to a 900MW combined cycle RLNG power generation facility (BPQS III) to be constructed at the Bin Qasim Power Station Complex of K-Electric.
  • Advised Standard Charted Bank on Sinosure and Hermes supported foreign currency facilities of an aggregate amount up to $412m in relation to a 900MW combined cycle RLNG power generation facility (BPQS III) to be constructed at the Bin Qasim Power Station Complex of K-Electric.

Pakistan > Corporate and M&A Tier 1

Haidermota & Co Advocates works on M&A, private equity, creative equity structures and related shareholder arrangements, and minority rights issues. The practice has established a niche in handling complex restructuring and re-organisations. Clients include various stakeholders within the oil and gas, telecoms, payment systems, e-commerce, banking, aviation, pharmaceuticals, infrastructure, and energy sectors. Practice head Khozem Haidermota provides advice across the full spectrum of corporate legal advisory work, including on matters relating to M&A, securitisation, privatisation, and corporate and debt restructuring. Co-head and specialist M&A lawyer Shabbir Harianawala deals with private equity and joint venture transactions, shareholder arrangements, corporate re-organisations, foreign exchange and takeover laws, and corporate governance issues. Ali Vasi completes the management trio; his specialties include M&A, capital markets, corporate restructuring, banking, financing and manufacturing-related laws.

Practice head(s):

Khozem Haidermota; Shabbir Harianawala; Ali Vasi

Testimonials

‘Shabbir Harianwala provides a partner-led service.’

‘The team at Haidemota have a problem-solving attitude which makes working with them, in a legal environment such as Pakistan, worthwhile.’

‘Have a strong history and legacy of corporate M&A in Pakistan.’

‘Puts its clients first and focuses on providing legal services to those clients.’

‘Haidermota & Co is one of the best law firms in Pakistan having vast experience in corporate and M&A.’

‘Haidermota boasts one of the finest team of lawyers and, due to their impressive bench strength, provides a close partner engagement throughout the process. They are hands on, have fantastic grip on foreign law, commercial issues and are very approachable.’

‘Since the firm has a large team consisting of senior partners and junior associates, this mix of experience and fresh minds brings great work which is the hybrid of the two kinds of minds. Further, with individuals assigned work according to their skills, this makes sure that work is efficiently done by people who fully understand the task at hand.’

‘The kind of brains the practice has assembled is the factor that differentiates them from others. People employed in the practice are ones who have thorough knowledge and expertise on the subject. They go the extra mile to assist and advise their clients with a solution-oriented approach.’

Key clients

Pakistan Petroleum Limited, Government Holdings (Private) Limited, and Oil and Gas Development Company Limited

His Excellency Nasser Abdulla Hussain Lootah

TPL Properties Limited

Saudi National Bank

Arif Habib Dolmen REIT Management Limited

Telenor ASA

Karandaaz Pakistan

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH

Tenaga Nasional Berhad

Fauji Foundation (FF) and Fauji Fertilizer Bin Qasim Limited (FFBL)

Muller and Phipps Pakistan Limited

Pak-Arab Refinery Company Limited

Société De Promotion Et De Participation Pour La Coopération Economique (Proparco)

Arcelor Mittal France

Puma Energy South Asia Holdings B.V.

Fatima Gobi Ventures (Private) Limited

Mari Petroleum Company Limited, Government Holdings Private Limited, Pakistan Petroleum Limited, and Oil and Gas Development Company Limited.

Dalda Foods (Private) Limited

Insitor Impact Asia Fund

Vitol Dubai Limited

Arif Habib Group

Fauji Foundation (FF)

Finnish Fund for Industrial Cooperation Ltd (“Finnfund”). a Finnish development financier and impact investor owned by the Government of Finland, that offers long-term investment loans and venture capital to private companies for projects in developing countries.

Frontier Digitization Services (Private) Limited (“Creditbook”)

dLocal LLP

Dawlance Group of Companies

Metro Wind Power Company Limited (MWPL) and its shareholders

Swat Ceramics Company (Pvt.) Ltd.

PublishEx Solutions (Private) Limited

Sindh Engro Coal Mining Company Limited

Saif Cement Limited (SCL)

Shareholders of Autosoft Dynamics (Private) Limited

Bullish (GI) Ltd

The Hub Power Company Limited

Amazon.com

Next Capital and Habib Bank Limited (together “Financial Advisors”)

Orthopaedic and Medical Institute (Private) Limited

Wasl Investment Finance Limited

MCB Bank Limited, EY Ford Rhodes, Elixir Securities (“Financial Advisors”)

Insitor Asia Impact Fund and various individual local and international investors (the “Investors”).

EFU Services (Pvt.) Ltd. and other shareholders in Allianz EFU Health Insurance Limited

Central Depository Company of Pakistan Limited

Work highlights

  • Advised a consortium, comprising a mix of the large energy sector players in Pakistan, on participation in the reconstituted Reko Diq mining project, to be established alongside the Government of Balochistan and Barrick Gold.
  • Advised Nasser Abdulla Hussain Lootah, who intends to increase his consolidated shareholding in Summit Bank, thereby bringing its consolidated shareholding to an aggregate of at least 51% of the total paid-up capital of the listed entity on the Pakistan Stock Exchange.
  • Engaged as the legal counsel in relation to the establishment, registration and launch a large Real Estate Investment Scheme through a REIT Management Company established by TPL Properties.

Pakistan > Dispute resolution Tier 1

Haidermota & Co Advocates offers particular expertise and experience in complex commercial disputes. Key areas of focus include construction, banking, telecoms, labour and anti-trust cases; fraud and white-collar crimes; insolvency investigations; and constitutional and land law. The practice is well versed in dealing with arbitrations, often involving an international element. Practice head Jahanzeb Awan operates across the firm’s Karachi and Islamabad offices. Shahan Karimi was promoted to the partnership in January 2022, and continues to expertly represent clients in civil, commercial, constitutional, real estate and banking disputes.

Practice head(s):

Jahanzeb Awan

Other key lawyers:

Testimonials

‘Particularly satisfied in matters pertaining to financial and corporate disputes.’

‘Jahanzeb Awan stands out with his legal acumen.’

‘Highly proficient team.’

‘Professionally sound and exhibit excellent people traits and values in their communication and dealings.’

‘The firm has also employed young lawyers which gives the firm diversity in terms of having young and energetic lawyers.’

‘Highly proficient team lead by very visionary senior partners and managing director.’

‘The firm embeds a well-thought-out and empowered environment which allows out-of-the-box thinking to operate.’

Key clients

IGI Holdings Limited

State Life Insurance Corporation of Pakistan

Swisstex Chemicals (Private) Limited

Pakistan Tobacco Company Limited

iTecknologi (Private) Limited

Telenor Microfinance Bank Limited

Pakistan Mobile Communications Limited

Zona Pakistan (Private) Limited

Meezan Bank Limited

Bank Islami Pakistan Limited

Work highlights

  • Intsituted proceedings under the Code of Civil Procedure of Pakistan 1908 before the High Court of Sindh on behalf of IGI Holding.
  • Instituted 63 appeals before the Supreme Court of Pakistan to challenge the judgment of the High Court of Sindh, whereby Telenor Microfinance Bank was not allowed to initiate summary proceedings against its creditors by enforcing a negotiable instrument signed by its customers.
  • Challenged the decision of Pakistan Mobile Communications being declared as representative of M/s Veon by the Federal Board of Revenue in terms of Section 172 (5) of the Income Tax Ordinance, 2001.

Pakistan > Environment Tier 1

Pakistan > Projects and energy Tier 1

Haidermota & Co Advocates handles projects across a range of sectors including energy generation and distribution, mining, roads and bridges, mass transit systems, urban safety and surveillance, information and technology, manufacturing, education and healthcare. The practice deals with the breadth of work in the project development space, including supporting clients in relation to policy and regulatory frameworks, equity and debt arrangements, concession structures and land matters. From an energy perspective, the firm advises on a whole spectrum of technologies, including both alternative and conventional sources of energy. In the infrastructure sphere, the firm focuses on the development of PPP transactions on behalf of provincial governments. Umar Shereef leads the team alongside Owais Aziz. Babar Zaman and Rahmat Kamal Ghanghro are other key names to note.

Practice head(s):

Umar Shereef; Owais Azizr

Testimonials

‘The vast experience of the practice, particularly in structuring project finance transactions of various deals in Pakistan, makes it unique.’

‘Their strong legal expertise in transactions is extremely impressive.’

‘Umar Shereef is a well-known and reputable legal expert in the sector, especially for independent power producer projects.’

‘Phenomenal depth and breadth of experience. They have a deep bench of partners and associates with market leading projects and energy experience.’

‘Umar Shereef is a truly pre-eminent lawyer in Pakistan projects and energy and has excellent relationships with the government and private Pakistan stakeholders, as well as international investors and lenders.’

Key clients

CDC Group plc

GuarantCo Ltd

Lucky Electric Power Company Limited

TNB Liberty Power Limited

Engro Energy Limited

Fauji Foundation

National Bank of Pakistan

Javedan Corporation Limited

Tenaga Generasi Limited

Act2 Wind (Private) Limited

Gul Ahmed Electric Limited

Metro Wind Power Limited

Liberty Wind Power 1 (Private) Limited

Liberty Wind Power 2 (Private) Limited

NASDA Green Energy (Private) Limited

Artistic Wind Power (Private) Limited

Lucky Renewables (Private) Limited

Din Energy Limited

Sindh Engro Coal Mining Company Limited

Shanghai Electric Group Corporation

Power Cement Limited

Faysal Bank Limited

China Power Hub Generation Company Limited

Bank Alfalah Limited

MCB Bank Limited

Sindh Mass Transit Authority, Government of Sindh

UniEnergy Limited

Local Government Department, Government of Sindh

Lahore Ring Road Authority, Government of Punjab

International Finance Corporation

Shanghai Electric Power Generation Group

Thar Coal Block-1 Power Generation Company (Private) Limited

Sino Sindh Resources (Private) Limited

Pak Matiari-Lahore Transmission Company (Private) Limited

Sindh Carbon Energy Limited

Punjab Health Initiative Management Company

Eco Trade and Development Bank

Deutsche Investitions-und Entwicklungsgesellschaft mbH

Islamic Development Bank

Asian Development Bank

Mitsubishi Corporation Limited

The Hub Power Company Limited

Fauji Cement Company Limited

Zephyr Power (Private) Limited

Tapal Group

IB Vogt GmbH

K-Electric Limited

Habib Bank Limited

United Bank Limited

Bank of Punjab

Harbin Electric International Company Limited

Zonergy Group of Companies

Attock Gen Limited

Sapphire Wind Power Company Limited

UEG Renewable Energy Group (Private) Limited

Engro Powergen Thar (Private) Limited

Sphere Logic Partners

UGGC Avocats

China CAMC Engineering Co. Limited

Yellow Door Energy

Data Steel Private Limited

Traktion Tyre & Rubber Manufacturing Company

Engro Elengy Private Limited

Ministry of Railway, Government of Pakistan

Vitol Capital

Burj Capital

GSolar Private Limited

Governance & Policy Project, Balochistan

Work highlights

  • Advised Karachi Water and Sewerage Board, Government of Sindh through the International Finance Corporation on the rehabilitation of the 22km Karachi Hub Water Canal, including construction of a new pipeline along with ancillary/associated facilities to curtail water loss at the canal due to leakages.
  • Advised the Government of Balochistan on the preparation of a legislative framework for implementation of the new provincial Public Private Partnership Act 2021 and creation of a framework for development of new PPP projects.
  • Advised the Ministry of Railways on the development of the Karachi Circular Railway project.

Pakistan > Capital markets Tier 2

Pakistan > TMT Tier 3

Haidermota & co. has been one of Pakistan’s top law firms with more than 60 years of experience as a premier provider of legal services. The firm has a dedicated team of over 40 lawyers and offices in Karachi, Lahore, Islamabad and an affiliated office in Dubai. The firm is recognized as one of the top firms in the country across key sectors.

DepartmentNameEmailTelephone
Banking
Corporate
Privatisation
Securitisation
Mergers and acquisitions
Oil and gas
Telecoms
Project finance
Power generation projects
Structured finance
Islamic modes of finance
Foreign investment
Conveyancing
Information technology
Venture capital
Charitable trusts
Real estate/construction
Commercial litigation
Domestic and international
Arbitration
Dispute resolution
Cross-border joint ventures
Number of partners : 11
other lawyers : 41
English
Gujarati
Urdu
Contacts : Kazim Hasan
Contacts : Khozem A Haidermota
Contacts : Mohammad Anwer
Contacts : Ali Akber Vasi
Contacts : Shabbir Harianawala
Contacts : Zahra Abid
Contacts : Jahanzeb Awan
Contacts : M Umar Shereef
Contacts : Owais Aziz
Contacts : Babar Zaman
Contacts : Rahmat Kamal Ghanghro