Firm Profile > Mohsin Tayebaly & Co > Karachi, Pakistan

Mohsin Tayebaly & Co
1ST FLOOR DIME CENTRE
BC-4 BLOCK 9 KEHKASHAN, CLIFTON
KARACHI 75600
Pakistan

Banking and finance Tier 1

Mohsin Tayebaly & Co has recently been involved in numerous large conventional financing transactions as well as Islamic financing deals, redeemable capital issuances (such as term finance certificates) in addition to various restructurings and settlement agreements. The team is also experienced in aviation and shipping finance. Irfan Tayebaly is a key member of the team along with Mehreen Manto. Vaseeq Khalid is a known name for his work on corporate syndications, asset financing, acquisition financing as well as on bond issues.

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Key clients

K-Electric Limited

Meezan Bank Limited

Habib Bank Limited

National Bank of Pakistan

Hascol Petroleum Limited

BankIslami Pakistan

Limited

The Hub Power Company

Limited

Standard Chartered Bank

(Pakistan) Limited

Askari Bank Limited

Amreli Steels Limited

Capital markets Tier 1

Mohsin Tayebaly & Co frequently acts as legal counsel for both issuers and trustees on the issue of corporate debt instruments by way of redeemable capital and term finance certificates. Head of department Irfan Tayebaly is well regarded.  Vaseeq Khalid and Mehreen Manto  are the other main contacts - all of whom frequently advise on the structuring of international and local debt and equity financing matters. The team is adept at advising on a myriad of issues from Sukuk to commercial papers and restructurings as well as syndicated based financing.

Corporate and M&A Tier 1

Mohsin Tayebaly & Co is one of the leading firms in Pakistan for corporate and commercial transactions. It has a particular emphasis on mergers/demergers and acquisitions as well as on IPOs and private equity. The firm also boasts considerable experience in advising on the incorporation and establishment of businesses in the country. Its client base includes major international and local corporate entities and financial institutions. Irfan Tayebaly leads the team that has an array of other well-established practitioners including Mehreen Manto, Vaseeq Khalid and Mikael Rahim.

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Key clients

Bank Al Habib Limited

Saudi Bugshan Group

Karandaaz Pakistan

Vava Cars Pakistan

The Searle Company Limited

Pakistan Stock Exchange Limited

BankIslami  Pakistan Limited

Hascombe  Business Solutions (Private) Limited

Coastal Refinery (Private) Limited

Engro CorporationLimited

Projects and energy Tier 2

Mohsin Tayebaly & Co has an excellent reputation for its work in project financing and in the power sector with a particular focus on renewable energy projects. Irfan Tayebaly heads the team that includes the well-respected practitioner Vaseeq Khalid  – both are based in Karachi. In Lahore Salman Rahim is the key partner who regularly advises on renewable energy projects.

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Dispute resolution Tier 4

At Mohsin Tayebaly & Co the department under the leadership of Arshad Tayebaly has particular expertise in advising on banking and finance litigation as well as contentious company matters. The team represents a sizeable number of banks that operate in the country as well as several major corporations and advises clients on constitutional, commercial and civil matters before the High Courts and Supreme Court of Pakistan.  The team also receives plaudits for its work on contentious competition matters. In addition it has considerable skill in all forms of alternative dispute resolution.

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Testimonials

The lawyers are readily available at the time of need and are always willing to extend the service in the best possible way‘.

‘Led by the committed, astute, experienced and user friendly Arshad Tayebaly, the disputes team provides exceptional service in both domestic and international disputes‘.

Key clients

Nestle Pakistan(subsidiary of Nestle S.A)

K-Electric Limited

Gul Ahmed Energy Limited& group companies

Royal Group Pharmaceutical

Amreli Steels Limited

Standard Chartered Bank(Pakistan) Limited

EY (Ernst & Young) FordRhodes – Pakistan

Engro Corporation Limited

Byco Petroleum Pakistan Limited

Pakistan International Container Terminal Limited

The firm: MTC has been providing high-quality legal services in Pakistan for over 50 years and specialises in advising domestic and international financial institutions, companies, and state and regulatory bodies on their most complex and challenging legal issues.

Given the evolving legal environment in which it operates, the firm applies a multi-disciplinary approach to analyse and address all aspects of client needs. It is the combination of departmental depth and practice breadth that sets the firm apart from its peers and allows it to provide clients with strategic counsel to meet their commercial needs. The firm’s lawyers have a thorough understanding of the commercial environment in which its clients operate and a substantive insight into their business needs, enabling them to provide practical and meaningful solutions to meet varied client requirements.

The firm has extensive experience in advising on and dealing with all areas of corporate, financial, commercial and civil law and practice, including, but not limited to, projects, infrastructure and energy matters, banking and finance transactions and specifically transactions based on Islamic modes of finance, mergers and acquisitions, IPOs, private equity, privatisations, company formation and corporate matters, property matters, labour and industrial relations matter, as well as all types of civil litigation before all legal forums in Pakistan.

The firm’s extensive client base includes international and domestic financial institutions, banks, leasing companies, investment finance companies, modarabas, corporate stock brokerage houses, multinational companies and various other commercial and industrial concerns.

Areas of practice: MTC is one of the leading law firms in Pakistan for banking and finance matters and provides specialist advice in relation to the full spectrum of financial transactions, including syndicate financing, leveraged and acquisition finance, bond/TFC issues, derivative products, project finance and restructuring.

MTC enjoys the privileged position of being one of the most experienced firms in Pakistan as far as structuring of Islamic/Shariah-compliant financing transactions are concerned and has regularly undertaken ijara, istisna’a, murabaha, musharaka and diminishing musharaka transactions and sukuk issues backed by underlying Shariah-compliant transactions. The firm’s expertise also extends to Shariah-compliant acquisition and real estate financing transactions, which often involves merging conventional and Shariah-compliant financing modes.

The firm has extensive experience in capital market transactions, with an emphasis on domestic and international equity and debt placements, as well as the structuring of financial investment packages.

The firm regularly represents local and foreign lenders and companies in respect of project financing transactions including power, steel, cement, and oil & gas related projects. The team drafts, negotiates and reviews all project-related and financing documents and advises on the laws governing such projects in Pakistan, at every stage.

The firm also has the capability to provide complete services in respect of transactions relating to mergers and acquisitions and has advised leading international and local banks, companies and financial institutions on some of the most challenging, high-profile and significant transactions in Pakistan.

The firm provides extensive litigation services, with a specialization in banking and finance, property and contractual dispute matters.  The firm’s lawyers have rights of audience from the Subordinate Courts all the way to the Supreme Court of Pakistan. The firm also has extensive experience in both local and international arbitration and has represented clients in several arbitration proceedings under Pakistani Law and at different international arbitration forums including ICC Arbitration as per the ICC Rules of Arbitration in London, Dubai and Singapore.

Department Name Email Telephone
Corporate and Commercial Irfan M. Tayebaly (Senior Partner) irfan.tayebaly@mtclaw.com.pk
Litigation and Dispute Resolution Arshad M. Tayebaly (Senior Partner) arshad.tayebaly@mtclaw.com.pk
Corporate and Commercial Vaseeq Khalid (Partner) vaseeq.khalid@mtclaw.com.pk
Photo Name Position Profile
Mr Vaseeq Khalid  photo Mr Vaseeq Khalid Partner – Banking and Finance, Islamic Finance, Bond Issues, Corporate Advisory, Mergers…
Mr Arshad Tayebaly  photo Mr Arshad Tayebaly Senior Partner – Litigation, Arbitration, Mergers and Acquisitions, Property, Intellectual Property, Insurance,…
Number of Partners : 10
Number of lawyers : 50
English
Urdu
Contacts: : Irfan M. Tayebaly (Senior Partner)
Contacts : Arshad M. Tayebaly (Senior Partner)
Contacts: : Vaseeq Khalid (Partner)

Irfan Mohsin Tayebaly, Managing Partner

The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. Mohsin Tayebaly & Co. and managing partner Irfan Mohsin Tayebaly talks about her successful work as a lawyer and predicts the biggest challenge for clients over the next year.

What has been your greatest achievement, in a professional and personal capability?

In a career spanning over 39 years I have achieved many professional and personal milestones but my greatest achievement perhaps is having been able to develop and create a top-tier law firm which is considered by my peers as one of the leaders in the legal community as also having trained and developed the next generation of lawyers with impeccable legal skills and a result orientated business-minded approach.

What do you do differently from your peers in the industry?

In-depth knowledge of the law and understanding every aspect of our clients’ business needs, situation and legal requirements. Advice to clients is solution oriented and rendered on the basis of practical implication and implementation of the legal requisites and stipulations along with the commercial environment. Additionally, being part of a full-service law firm enables us to provide comprehensive and complete advice to our clients. My approach is to find effective and easy-to-implement out-of-the-box structuring solutions which require least involvement of discretionary approvals of regulators and keeping timelines in control of the client.

What advice would you give to your younger self?

To always put yourself in the shoes of the client for understanding the requirement of the client, understanding the business and facts of the client and to try and find solutions with the legal knowledge and experience, which best suits the client. The first job is to ask the correct questions to streamline instructions, which is half the solution going forward.

Can you give me a practical example of how you helped a client add value to the business?

Taking advantage of having an MBA degree and experience as an international corporate and banking legal advisor has allowed me to structure commercially viable transactions for clients to ensure not just absolute legal compliance but also commercially feasible and sustainable arrangements, ventures and projects. While my clients would be best placed to comment on the value addition, my firm’s advice and structuring of mergers and schemes of arrangement

through Court to achieve results where contractual negotiations have failed can be an important value addition element.

Within your sector, what do you think will be the biggest challenge for clients over the next 12 months?

Given the current situation being faced the world over as a result of the Covid-19 virus the next 12 months are going to exceedingly challenging for both our banking and commercial clients, varying from regulatory compliance to recoveries to reorganisations and restructurings. While the State Bank of Pakistan (the central bank) and the Securities and Exchange Commission of Pakistan (regulatory authority for companies and company related matters) are already taking steps in order to attempt to curtail the fallout from the impending recession, further concessions in the form of additional regulatory initiatives will be needed during this period to assist in the recovery of the economy. Our firm expects to be actively involved in advising and assisting our clients in mitigating their losses and facilitating the rehabilitation of their businesses.