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Our industries

Financial services

We offer expert financial services advice to make the best use of your capital.

Our work in the financial services industry sees our specialists advising financial institutions, investors, funders, corporates and individuals seeking capital. We offer expert advice on making the best use of capital, including securing new capital and protecting existing capital from ongoing tax and other costs.

Practice areas

Financial Institutions

We advise institutions across the financial sector on the full range of their commercial operations. Working with both lenders and borrowers, we combine commercial awareness with regulatory expertise. Our leading transactional banking practice, universally recommended by leading legal directories, is regularly involved in local and cross-border financing, including major regional deals, and has pioneered new financial instruments and structures. We offer specialist Shariah law expertise and extensive experience in traditional interest-based financings. Our dispute resolution department regularly represents major financial institutions in claims against borrowers and also defends borrowers against creditor claims.

Insurance

We represent some of the world’s largest insurance and reinsurance companies. We regularly advise on various insurance matters, including insurance contracts, incorporation and licensing of insurance companies, litigation involving insurance claims, and significant amendments to insurance laws.

Private Client

Our financial services team advises high-net-worth individuals and families, trustees and private wealth industry professionals on the full legal issues connected to their investments. Our advice balances secure investments with global transparency and international capital mobility. The team advises on all legal concerns affecting private clients and families, including estate planning and trusts, family offices, family disputes, investments and real estate.

At a glance
  • Acumen Fund, represented client in connection with their financing projects in Pakistan.
  • Adamjee Insurance Company Limited, represented client and consortium of insurance companies in arbitration proceedings and successfully negotiated a settlement in respect of one of the largest insurance claims relating to crude oil in Pakistan.
  • Al-Meezan Investment Bank Limited, represented client in the Initial Public Offer of Rs. 270m.
  • ICI Pakistan Limited, represented client in relation to Rs.1b term finance certificates issued by client.
  • MetLife, advised on a range of insurance-related issues.
  • OGDC, represented client in GDRs of USD 1b.
  • Overseas Private Investment Corporation, represented client in its USD 10 m credit facility to Tameer Micro Finance Bank Limited and in relation to finance worth USD 9.89m provided to SSJD Bio-Energy Limited for a 12 MW power plant project based in Sindh, Pakistan.
  • Pakistan Chemists and Druggists Association, represented client and obtained an interim order restraining the operation of section 7 of the import pricing policy as issued by the Drug Regulatory Authority of Pakistan on behalf of the Defending American Life Insurance Company (Pakistan) Limited (ALICO Pakistan) (now known as IGI Life Insurance Limited) and American Life Insurance Company (ALICO) in two suits filed before the High Court of Sindh at Karachi by employees of American Life Insurance Company (Pakistan) Limited, against the intended sale of ALICO’s majority shareholding in ALICO Pakistan, to IGI Insurance Limited.
  • PICIC Insurance Limited, represented clients in the High Court and Civil Courts.
  • PTC, represented client in GDRs of USD 900m.
  • United Bank Limited, Habib Bank Limited and National Bank of Pakistan, represented the consortium in the USD 70m Murabaha financing of Pakistan International Airlines for the acquisition of aircraft.

Contact one of our lead financial services partners today: Bilal Shaukat, Shafaq Rehman or Adil Tirmizey.

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News/Insight

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What clients say...

  • Chambers Asia Pacific 2022
    "RIAA are responsive, professional and polite in explaining their advice, well researched in their opinions, and reliable in their response time… they also share commercial and operational consequences of the options presented in their advice. We are very happy with their support…." - Chambers Asia Pacific 2022

  • The Legal 500 2022
    “RIAA has an excellent litigation practice that advises on the full range of contentious issues as well as international arbitrations. The practice regularly handles all forms of civil, commercial, corporate, regulatory and white-collar crime matters before all the courts in Pakistan. It has extensive experience in a diverse range of industry sectors …” – The Legal 500 2022

  • Chambers Asia Pacific 2022
    "We find them to be extremely professional and responsive. They are meticulous in raising all the right legal points but at the same time are very solution-oriented in helping to structure the transactions in the right way to fully protect our legal rights." – Chambers Asia Pacific 2022

  • The Legal 500 2022
    “The team has an excellent track record of working on some of the most significant projects in Pakistan throughout the years.” – The Legal 500 2022 

  • Legal 500 2021
    We have worked with RIAA Barker Gillette for many years on a number of matters, including regulatory issues, labor, general corporate, competition law, and tax matters…..We have found high-quality lawyers across disciplines, who are able to balance the requirement for technically sound advice while also being practical and solution-orientated - Legal 500 2021

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