Construction, Development, Commercial Property and Conveyancing
Drafting cross-border joint venture agreements, building/ construction contracts as well as negotiating terms of appointments on behalf of national construction companies, notably in relation to the Peace Hawk V project in Saudi Arabia as well as development/ building projects in Kuwait, Iraq, Dubai, Abu Dhabi and Libya.
Preparing finance, security and ancillary documents to be used by a local finance institution and its customers for the purchase of apartment units in an upcoming project in Karachi, which is being constructed by a Dubai based developer. In addition, we have reviewed and advised our client, from time to time, on its side agreements, documentation and understandings with the said developer in light of our knowledge of the construction industry.
Advising a large local industrial group in negotiations with a French group on a long term lease of land and on the construction and development of the subject project. Reviewing and suggesting amendments to the MOU as well as playing an active role in negotiations.
Advising on a large joint venture construction project in Islamabad, which includes review and drafting in respect of a joint venture agreement between private parties and local government authorities and the creation of a SPV for the purposes of the construction and development of the project. Reviewing and advising on the Contract for Works, Memorandum and Articles of Association as well as the subordinated debt documents in relation to the SPV.
Review and preparation of documents pertaining to the development of a prestigious project in Karachi, which includes review of local partners’ documents as well as the considerations of foreign sponsors/ brand name holders. Structuring of lease and sale transactions for the proposed service apartment units, as well as maintenance contracts has also been undertaken. The proposed transaction is now being considered in view of a possible REIT structure.
Review of title deeds of immovable properties and advising banks on financing against immovable property and preparation of sale deeds, assignments deeds and mortgage documents.
Rendering advice on Government Request for Proposals (RFPs). Notably negotiating and drafting a joint venture agreement between a leading local firm of architects, a leading UK based firm of architects/ consultants as well as Kuwait based investors in their collective bid for a construction project concerning the development of a large piece of land owned by the Government of Pakistan.