Practices

Mandviwalla & Zafar regularly advise local and foreign banks on secured and unsecured financial transactions, including local and cross border syndications, multi-currency facilities and financial products and bond issues.

Multilateral Finance

M&Z has historically represented multilateral lenders and international development banks in their debt and equity investment in Pakistan. With the establishment of our Dubai and Kabul offices we are now representing multilateral institutions such as IFC in Afghanistan and Dubai, with whom we have been working since 1994.

International Finance Corporation

  • Air Blue Limited
  • Askari Leasing Limited
  • Atlas Investment Bank Limited
  • B. R. R. International Modarba
  • Crescent Bahuman Limited
  • Crescent Standard Investment Bank Limited
  • D G Khan Cement Limited
  • Dewan Petroleum (Private) Limited
  • Dewan Salman Fibre Limited
  • Dewan Salman Fibre Limited
  • Engro Asahi Polymer And Chemicals Limited
  • Fauji Cement Company Limited
  • First Crescent Modarba
  • First Dawood Investment Bank Limited
  • First Microfinance Bank Pakistan Limited
  • First Standard Investment Bank Limited
  • First UDL Modarba
  • Habib Bank Limited
  • Hala Spinning Mills Limited
  • Institute Of Business Management
  • Karachi Electric Supply Corporation Limited
  • Maple Leaf Cement Factory
  • Network Leasing Corporation Limited
  • Orix Investment Bank Pakistan Limited
  • Orix Leasing Pakistan Limited
  • Packages Limited (Debt)
  • Packages Limited (Equity)
  • Pakistan International Container Terminal Limited (Phase I)
  • Pakistan International Container Terminal Limited (Phase II)
  • Pakistan International Container Terminal Limited (Phase III)
  • Pakistan International Container Terminal Limited
  • Paktel Limited
  • Regent Knitwear Limited
  • Sarah Textile Mills Limited
  • Tameer Microfinance Bank Limited
  • Tourism Promotion Services Pakistan Limited
  • Trade Enhancement Facility
  • Trade Finance Guarantee Facility
  • TRG Pakistan Limited

DEG - Deutsche Investitions -Und Entwicklungsgesellschaft MBH

M&Z has continued to represent DEG-Deutsche Investitions- Und Entwicklungsgesellschaft MBH (DEG) in most of their transactions in Pakistan since 1980s.

List of recent DEG transactions

  • Atlas Investment Bank Limited (Equity Investment)
  • Azgard 9 Limited (Debt Investment)
  • Crescent Greenwood Limited (Guarantee Facility)
  • Fauji Cement Company Limited (Guarantee Facility)
  • Orient Power Limited (Equity And Debt Investment)
  • Sapphire Electric Company Limited (Equity And Debt Investment)
  • Pak Arab (Debt Investment)
  • Azgard 9 Limited (Restructuring)
  • M&Z has also advised DEG on transactions in Afghanistan.

Agence Française De Developpment

M&Z regularly acts for the Agence Française de Développement (AFD) out of its offices in Afghanistan.

M&Z acted as the local counsel for AFD in respect of the loans extended to the First Microfinance Bank Afghanistan for an aggregate amount of € 1,000,000 and US$ 4,000,000 disbursed as two separate loans.

M&Z acted as the local counsel for the Framework Agreement entered into between AFD and the Government of Afghanistan setting out the general framework, institutional arrangements and legal and financial aspects of the AFD Group’s status and activities in Afghanistan. AFD Group with regard to the Framework Agreement includes PROPARCO.

M&Z acted as the legal advisors to AFD with regard to a € 9,000,000 grant to French Medical Institute for Children (FMIC) the Afghan branch of the French NGO Enfants Afghan.

OPEC Fund for International Development

M&Z acted as the local counsel OPEC Fund for International Development (OFID) in respect of several transactions in Pakistan.

In addition to transactional work, M&Z also provides advisory services to OFID from time to time. M&Z acted as the local counsel for OFID in respect of a loan of US$ 7,750,000 extended to the Pakistan International Container Terminal by OFID for the project related to the construction of a common user container terminal at the Port of Karachi on existing berths 6 to 9, East Wharf.

M&Z acted as the local counsel for OFID in respect of a loan of US$ 6,000,000 extended to the Pakistan International Container Terminal by OFID for Phase II of the construction of a common user container terminal at the Port of Karachi on existing berths 6 to 9, East Wharf.

M&Z acted as the local counsel for OFID in respect of a loan of US$ 3,000,000 extended to the Pakistan International Container Terminal by OFID for Phase III of the construction of a common user container terminal at the Port of Karachi on existing berths 6 to 9, East Wharf.

M&Z acted as the local counsel for OFID in respect of a loan of US$ 3,000,000 extended to the Pakistan International Container Terminal by OFID for expansion of the Project set up by Pakistan International Container Terminal as a common user container terminal at the Port of Karachi on existing berths 6 to 9, East Wharf.

ECO Trade and Development Bank

M&Z acts as the local counsel for the ECO Trade and Development Bank (ETDB) in relation to their investments in Pakistan. M&Z also advised ETDB on their local documentation and legal opinions.

M&Z acted as the local counsel for ETDB in respect of the loan extended by ETDB to D. G. Khan Cement Company Limited.