Our team regularly represents bidders in privatizations conducted in Pakistan. In this respect, we advise parties in all legal matters including undertaking due diligence, participating in all pre-bid meetings and negotiations with the Privatization Commission.
The firm has acted on behalf of the Privatization Commission in the landmark largest Privatization transaction, for divestment of the Government’s shares in Habib Bank Limited, a transaction which resulted in proceeds of over USD 1 Billion for the Privatization Commission and the Government.
The lawyers at LMA have advised the successful bidder in the privatization and acquisition of Pak Arab Fertilizers (Pvt.) Limited by the Fatima Group. Our firm was also involved in the first privatization of a bank in Pakistan, Muslim Commercial Bank Limited, whereby the 100% shareholding of the Government was acquired by the National Group, which acquisition was structured by the Chairman & Managing Partner of LMA, Mr. Liaquat H. Merchant.