MTC Acts For BAFL For PKR 1.3 Billion Performance Guarantee Facility Of Daewoo

Mohsin Tayebaly & Co. acted as transaction legal counsel on behalf of Bank Alfalah Limited for the non-funded facility being availed by Daewoo Pakistan Express Bus Service Limited (“Daewoo”) from BAFL by way of issuance of multiple performance guarantees in the aggregate amount of up to PKR 1,300,000,000/- (Pak Rupees One Billion Three Hundred Million) for the purposes of meeting Daewoo’s obligations with respect to the bidding process held by the Government of Punjab for outsourcing solid waste management services to various tehsils of Punjab.

The firm’s scope of work included full scope bank-side advisory with respect to the non-funded facility as well as review and advice on the bidding documents and project documents.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Kamil Tayebaly (Senior Associate) and Salal Malik (Associate).