Mohsin Tayebaly & Co > Karachi, Pakistan > Firm Profile
Mohsin Tayebaly & Co Offices
1ST FLOOR DIME CENTRE
BC-4 BLOCK 9 KEHKASHAN, CLIFTON
KARACHI 75600
Pakistan
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Mohsin Tayebaly & Co > The Legal 500 Rankings
Pakistan > Banking and finance Tier 1
From its offices in Karachi and Lahore, the agile team at Mohsin Tayebaly & Co is well placed to advise on a variety of complex and cross-border financing matters. Under the joint leadership of Irfan Tayebaly and Vaseeq Khalid, the department receives a regular stream of instructions from local and foreign banks, as well as other financial institutions. The practice is well-equipped to advise on issues such as acquisition and asset financings, as well as on Shariah-compliant bonds. Mikael Rahim is a seasoned practitioner who handles a variety of corporate financing transactions and debt restructurings. Mehreen Manto has considerable experience acting for banks and other corporates on key project financing deals.Practice head(s):
Irfan Tayebaly; Vaseeq Khalid
Other key lawyers:
Testimonials
‘MTC has a large team of highly capable partners, senior associates and associates with vast experience in various banking and finance transactions.’
‘In addition to a deep understanding of the key legal principles, the team’s understanding of common market practices sets them apart from other law firms.’
‘Exceptional turnaround times.’
‘Vaseeq Khalid’s experience in banking and finance matters is exceptional, and his solution-oriented approach is highly valued.’
Key clients
Bank Alfalah Limited
Askari Bank Limited
Habib Bank Limited
Pak Oman Investment Company Limited
Meezan Bank Limited
MCB Bank Limited
Allied Bank Limited
Dubai Islamic Bank Pakistan Limited
The Bank of Punjab
National Bank of Pakistan
Work highlights
- Engaged by Bank Alfalah Limited as transaction legal counsel in relation to the finance facility of approximately PKR10bn being availed of by U Microfinance Bank Limited.
- Engaged by Habib Bank as transaction legal counsel with respect to the syndicated running finance facilities, under both conventional and Shariah-compliant modes of financing, in the aggregate amount of up to PKR50bn.
- Engaged by Habib Bank as transaction legal counsel of the lenders with respect to the finance facilities availed by Power Holding Limited for the purposes of settling the circular debt crisis within the power sector of Pakistan, under conventional and Islamic modes of financing.
Pakistan > Capital markets Tier 1
Irfan Tayebaly and Vaseeq Khalid jointly head the busy practice at Mohsin Tayebaly & Co. It regularly works on transactions involving international and local debt and equity financings. The agile team is recognised for its ability to work on complicated IPOs and frequently advises on corporate debt instruments. It is recommended for its work on term finance certificates, and for its advice on the issue of preference shares in Pakistan. The practice continues to act as legal counsel for numerous issuers and trustees.Practice head(s):
Irfan Tayebaly; Vaseeq Khalid
Key clients
The Bank of Punjab
Askari Bank Limited
Habib Bank Limited
Pak Brunei Investment Company Limited
Pak Oman Investment Company Limited
Next Capital Limited
Meezan Bank Limited
Faysal Bank Limited
Value Team (Private) Limited
JS Bank Limited
Work highlights
- Appointed as the transaction legal counsel with respect to the first issuance of an unsecured, privately placed, short-term, Shariah Compliant Sukuk Certificates by Pakistan Mobile Communications Limited (operating under the brand name “Jazz”) in the aggregate amount of PKR15bn.
- Engaged as legal counsel on behalf of various unit holders (acting as anchor investors), with respect to the fixed-price listing of the REIT Scheme on the Pakistan Stock Exchange.
- Engaged as transaction legal counsel for the issuance of rated, unsecured, privately placed, Short Term Sukuk by Thar Energy Limited in the amount of PKR 5bn.
Pakistan > Corporate and M&A Tier 1
Jointly led by Irfan Tayebaly and Vaseeq Khalid, the experienced team at Mohsin Tayebaly & Co is recommended for its work across a broad array of corporate and commercial matters. It excels in advising on mergers and demergers, as well as acquisitions, and initial public offerings. The department has considerable strength in private equity matters as well. Mehreen Manto is particularly sought after for her handling of complex mergers and acquisitions, and project financing deals for banks and other corporates. Mikael Rahim is another noteworthy member of the department and covers a wide range of issues from corporate restructuring and joint venture agreements to advising on public offerings and payment systems.Practice head(s):
Irfan Tayebaly; Vaseeq Tayebaly
Other key lawyers:
Testimonials
‘What we love most about MTC is the team’s professionalism and competence. They truly understand the client’s needs and consistently deliver services that are tailored to meet those needs.’
‘We work closely with Vaseeq Khalid, a partner at MTC, who stands out for his exceptional understanding of our group. His expertise in handling legal matters, conducting legal due diligence on potential acquisitions, and negotiating contracts has been invaluable to us.’
Key clients
OBS Group
Archoma Pakistan Limited
Atlas Group
Lucky Cement Limited
TPL Group
Indus Motors
Raqami Islamic Digital Bank Limited
Lotte Chemical Corporation
The Searle Company Limited
Pfizer Group
Work highlights
- Engaged as the legal advisor for Pfizer Inc. and Pfizer Pakistan Limited on the sale of various items.
- Engaged as legal counsel with respect to the establishment and operation of Raqami Islamic Digital Bank Limited.
- Engaged as transaction legal counsel with respect to the amalgamation by way of reverse merger of TPL Life Insurance Limited with and into Dar Es Salaam Textile Mills Limited in accordance with a scheme of arrangement.
Pakistan > Dispute resolution Tier 2
Arshad Tayebaly heads the department at Mohsin Tayebaly & Co, which excels in commercial and contractual disputes. It is recommended for its work on winding up and merger/de-merger petitions, as well as shareholder disputes, taxation cases and banking and finance litigation. Other core areas of focus span real estate cases and public procurement contentious matters. It has been busy advising on a growing number of white-collar crime cases too. Tayebaly regularly appears before the Supreme Court and the High Courts in Pakistan, as well as successfully handling a number of arbitration matters. Omer Memon is another name to note.Practice head(s):
Arshad Tayebaly
Other key lawyers:
Testimonials
‘Absolutely first class in every regard, in technical ability, commercial sense and client service skills. I cannot rate them highly enough. Areas of focus in which they excel include arbitration, energy, financial services and appeals. I recommend Arshad Tayebaly.’
Key clients
EY Ford Rhodes
Unity Foods Limited
Engro Corporation Limited
K-Electric Limited
Nestle Pakistan (Subsidiary of Nestle S.A)
Fujitsu General Limited
Meezan Bank Limited
Afiniti Ltd
Bank Alfalah Limited
Multinet Pakistan
Pakistan > Projects and energy Tier 2
Under the joint leadership of Irfan Tayebaly and Vaseeq Khalid, the seasoned team at Mohsin Tayebaly & Co regularly works with banks and companies on an array of power-related projects. It is skilled at advising its clients on the full scope of project financing transactions. Mehreen Mantohandles a myriad of project financing matters, as well as infrastructure development projects. This includes advising on public-private partnership projects, in addition to engineering and construction contracts. The firm is well-placed to advise on obtaining approvals and consents for these projects.Practice head(s):
Irfan Tayebaly; Vaseeq Khalid
Other key lawyers:
Key clients
Meezan Bank Limited
Asian Infrastructure Investment Bank
K-Electric Limited
Askari Bank Limited
The Bank of Punjab
Nizam Power (Private) Limited
Hunza Steel (Private) Limited
United Bank Limited
Faysal Bank Limited
Armstrong ZE (Private) Limited
Work highlights
- Engaged by Meezan Bank Limited and various other banks / financial institutions to advise on the project financing and the sukuk issue pertaining to a PKR69bn public-private partnership project being conducted by Enertech Water (Private) Limited.
- Advised Nizam Power (Private) Limited on a transaction involving a local currency project financing facility for the development of multiple solar power generation facilities with a cumulative capacity of 7.85 MWp in various army garrisons across Pakistan.
- Advised The Bank of Punjab on a transaction involving the financing for the acquisition and development of real estate land for the ‘Naya Nazimabad Apartment REIT’ and ‘Gymkhana Apartment REIT’ projects to be availed by Naya Nazimabad Apartment REIT and Gymkhana Apartment REIT in the collective amount of PKR12bn.
Mohsin Tayebaly & Co > Firm Profile
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 and 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.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Corporate and Commercial | Irfan M. Tayebaly (Senior Partner) | [email protected] | |
| Litigation and Dispute Resolution | Arshad M. Tayebaly (Senior Partner) | [email protected] | |
| Corporate and Commercial | Vaseeq Khalid (Partner) | [email protected] |
Lawyer Profiles
| Photo | Name | Position | Profile |
|---|---|---|---|
|
Mr Vaseeq Khalid | Partner – Banking and Finance, Islamic Finance, Bond Issues, Corporate Advisory, Mergers… | View Profile |
|
|
Mr Arshad Tayebaly | Senior Partner – Litigation, Arbitration, Mergers and Acquisitions, Property, Intellectual Property, Insurance,… | View Profile |
Staff Figures
Number of Partners : 10 Number of lawyers : 50Languages
English UrduOther
Contacts: : Irfan M. Tayebaly (Senior Partner) Contacts : Arshad M. Tayebaly (Senior Partner) Contacts: : Vaseeq Khalid (Partner)- Banking and finance
- Capital markets
- Corporate and M&A
Top Tier Firm Rankings
- Dispute resolution
- Projects and energy