Firm Profile > Akhund Forbes > Karachi, Pakistan

Akhund Forbes
D-21, BLOCK 4, CLIFTON
KARACHI 75600
Pakistan

Capital markets Tier 1

Akhund Forbes is skilled at handling high-value and complex transactions. It advises on a broad spectrum of capital markets matters including advising central depository companies, stock exchanges and real estate investment funds on various matters. The agile team frequently advises on IPOs, rights and bonus issues in addition to the issue of bonds, sukuks and other capital market products. Head of department Rabel Akhund is well-respected for his advice to local companies on various capital market regulations and continues to advise on some of the largest and most novel transactions that come to the market. Sahar Iqbal is another recognised name for her work in this area and advises many important asset management companies.

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Key clients

Arif Habib Dolmen REIT Management

MCB Arif Habib Investments and Savings Limited

UBL Fund Managers Limited

NBP Fund Management Limited

Habib ADM Limited

Privatisation Commission, Government of Pakistan

National Investment Trust Limited

King & Wood Mallesons

Curtis, Mallet-Prevost, Colt & Mosle LLP

Corporate and M&A Tier 1

Akhund Forbes is a known name for its vast experience in high-value corporate and commercial deals. With Rabel Akhund at the helm the 'highly responsive' team is notable for its expertise in M&A, joint ventures and corporate regulatory work in particular. It is also recommended for its work with foreign lawyers on complicated multi-jurisdictional deals as well as advising on a myriad of complex issues from leveraged buy-outs to hostile bids and friendly offers. The group garners praise too for its advice on joint venture projects in the power and energy sectors. Sahar Iqbal heads its venture capital practice and is also well-regarded for her work in private equity, M&A, capital markets and joint ventures.

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Testimonials

The team’s advice is cleanly presented, eminently readable, precise and delivered always on time. The scale of the project with which we have engaged the firm requires laser-like focus on a specific legal area and provides little room for error or deviation from the project specification‘.

We require regular updates on the state of the law in Pakistan and Sahar Iqbal and Rabel Akhund keep us abreast of developments around the clock‘.

Akhund Forbes provides a high level of partner attention to transactions and mandates on which we have engaged it.  Rabel Akhund has the unique ability to get the parties to reach a consensus in tough deal breaking negotiations. He gives us a lot of time and attention and is personally vested in our success‘.

‘Highly skilled at what the team does, and as a team is capable of working extremely well with any international peer (counsel, advisor or otherwise)’.

‘Really understands the local market on any complex transaction matter and also knows how cross-border deals work‘.

I really appreciate the support provided by Mr. Rabel Z. Akhund. He is fluent in English and very pedagogical. He provided clear advice in quite complex matters and was able to explain the relevant local regulations in an easy way‘.

The team is focused on the matter that is being referred to it and on achieving the committed deadline. It adopts a holistic approach and is flexible. It takes into account the client’s viewpoint‘.

Key clients

Edotco Group SDN Berhad

Kojima Law Offices

Applus

Aisha Steel Mills Limited

Arif Habib Group

Edotco Pakistan (Private) Limited

Edotco Towers (Private) Limited

Zhong Lun Law Firm

Cheez Group, Shanghai

Cheezmall (Private) Limited

Baker & McKenzie LLP

Stanley Electronic CO., LTD

THAI STANLEY ELECTRIC PUBLIC CO., LTD.

Facebook

Indus Associated Consultants

Latham & Watkins LLP

Privatisation Commission, Government of Pakistan

Norton Rose Fulbright

Chongqing Changan Automobile Co. Ltd

China Power Hub Generation Company (Pvt.) Limited

MCB Arif Habib Savings and Investments Limited

UBL Fund Managers Limited

NBP Fund Management Limited

Novartis Pharma Pakistan Limited

Herbert Smith Freehills LLP

Jun He Law Offices

House of Habib

The Abraaj Group

Adidas

Al Tamimi & Co.

Allied Advertising Group LLC

TM Lewin

Gemini Office Holdings Limited

Stevens and Bolton LLP

Weye Cement and Construction Materials (Private) Limited

Rukula

Rotopack

Elixir Securities Limited Pakistan

Saudi Research Publishing Company

Media Arabia Limited

Vox Asia Productions (SMC Private Limited)

Osborne Clarke

InterContinental Hotels Group (Asia Pacific) Pte. Ltd

Kantoor van Notaris Jean-Philippe Claesen

Sumitomo Chemical Asia Pte Ltd

Nawan Laboratories (Pvt) Ltd.

Caterpillar

Labour and employment Tier 1

Akhund Forbes fields a capable and experienced team that advises on the full array of labour and employment matters to local, national and international clients. It has been active in drafting HR policies in accordance with Pakistan’s labour laws and has been busy working in conjunction with a number of international law firms on local employment law matters. Sahar Iqbal heads the team and is a well-respected practitioner.

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Testimonials

Its advice is cleanly presented, eminently readable and delivered always on time and, crucially, it manages all that while being precisely to the point. The scale of the project with which we have engaged the firm requires laser-like focus on a specific legal area and provides little room for error or deviation from the project specification‘.

‘We require regular updates on the state of the law in Pakistan and Sahar Iqbal  keeps us abreast of developments around the clock, finding not only changes to the legal regime as they happen but marshalling her legal understanding to spotlight early initiatives that are likely to lead to change’.

Knowledge of the labour laws of Pakistan and how to deal with court cases. The individuals have sound knowledge of the labour laws of Pakistan and they guide us in best possible way‘.

 

Key clients

MCB-Arif Habib Savings and Investments Limited

DLA Piper Middle East LLP

UBL Fund Managers Limited

China Power Generation Hub Company

Saudi Research Publishing Company

Media Arabia Pvt Limited

Zoetis Inc.

Allied Advertising LLC

Deutsche Bank

Adidas AG

Osborne Clarke

Cialfo Pte Ltd

Baker & McKenzie LLP

AEI Legal

Microsoft

Proofpoint

Banking and finance Tier 2

Akhund Forbes has a solid reputation for its work on a variety of high-value and complex deals that involve acquisition financing, Islamic financing and project financing in particular. Rabel Akhund heads the team and is well-regarded for his advice to financial institutions and corporate borrowers on substantial domestic and multi-jurisdictional transactions. Sahar Iqbal is another key member of the team. The practice is known too for its work on asset financing (ship finance and capital asset financing). It is also rated for its real estate financing advice as it often acts for property developers and financial institutions.

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Testimonials

 ‘If any partner is not available, another partner will take his/her place immediately. He/she can then provide a concise opinion in the required time at reasonable rates‘.

‘The firm is sufficiently small for internal communication to be very good and a consistent service to be provided‘.

‘Rabel Akhund is a reassuring presence with his excellent international experience. Sahar Iqbal is steady and thorough in her work‘.

The knowledge of the law, understanding of issues and timely responses to the queries are all key to what makes this firm stand out from the rest‘.

I have worked with Sahar Iqbal and my other colleagues have worked with the other partners as well. It is pertinent to mention that Sahar is agile in understanding any queries and responds to any queries swiftly‘.

Personal attention from the main partner and understanding of financing documents. Rabel Akhund has a good understanding of the commercial issues that arise out of the financing documents‘.

Key clients

Act Polyols (Pvt) Limited

edotco Group Sdn Berhad

Asian Development Bank

Edotco Pakistan (Private Limited)

Aisha Steel Mills Limited

The Abraaj Group

Facebook

Mastercard

Deutsche Bank

Clifford Chance Pte Ltd

Credit Suisse

Projects and energy Tier 2

Akhund Forbes is known for its work on complex projects which frequently have an international dimension. Recently the firm has been active in a variety of sectors from infrastructure, mining and minerals to energy projects. The team is well-equipped to advise on all aspects of these projects from the regulatory and legal to the financial aspects of these transactions under the leadership of Rabel Akhund. Akhund has been busy advising on various projects and energy related deals.

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Key clients

Privatisation Commission, Government of Pakistan

Chongqing Changan Automobile Co. Ltd

China Power Hub Generation Company (Private) Limited

Zhong Lun Law Firm

Government of Sindh (Karachi Circular Railway)

Weye Cement and Construction Materials (Private) Limited

Gemini Office Services UK Limited

edotco Pakistan Pvt Limited

Edotco Group SDN Berhad

Edotco Towers (Private) Limited

Facebook

JunHe LLP

Central Depository Company of Pakistan Limited

Association of Builders and Developers of Pakistan

InterContinental Hotels Group (Asia Pacific) Pte. Ltd

Bank of Shanghai , Beijing Branch

Baker & McKenzie

China Development Bank

FenXun Partners

China Electric Power Equipment and Technology Co.Ltd.

China Zhongyuan Engineering Corporation

TMT Tier 2

Under the leadership of Rabel Akhund and Sahar Iqbal at Akhund Forbes it is best known for its ability to advise on a variety of high-value and complex TMT matters. Increasingly it has been acting for a number of its telecoms clients on the acquisition of telecom towers across the country. The practice has also been busy advising on the regulatory framework for the provision of telecom services in Pakistan.

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Key clients

Edotco Group SDN Berhad

NBP Fund Management Limited

Baker & McKenzie LLP

MCB Arif Habib Investments and Savings Limited

Edotco Pakistan (Private) Limited

Edotco Towers (Private) Limited

Allied Advertising LLC

Rukula

Cheez Group, Shanghai

Cheezmall (Private) Limited

Applus

Mastercard

Facebook

Saudi Research Publishing Company

Media Arabia Limited

Vox Asia Productions (SMC Private Limited)

UBL Fund Managers Limited

Central Depository of Pakistan Limited

Association of Builders and Developers

Nawan Laboratories (Pvt) Ltd.