Privatization

Privatization is the process by which state-owned assets and enterprises are transferred to private ownership. The motivations, methods, and consequences of privatization are diverse.

Lawyers at ULC have plenty of experience in the creation and operation of public-private partnerships for the restructuring of government-owned or managed facilities both in Pakistan and abroad.

Because of ULC’s broad experience in this area, the firm has addressed in all issues whether legal or political involved in privatization, including balancing public and private needs and goals, securities law concerns, valuation and collateral issues, environmental liability issues, cultural concerns, the changing role of regulatory structures, legislative and regulatory drafting and the negotiation and drafting of financial and other contract documentation.

For private purchasers, we undertake a legal evaluation of the entity to be privatized and analyze the existing and/or proposed legal and regulatory framework. We make recommendations as to the structure of the entity and, if necessary, the framework of the legal and regulatory environment that the entity will function in after privatization. In addition, we evaluate the prevailing and anticipated political climate; make specific project-related recommendations; assist in obtaining and structuring any required financing (including export/import bank guarantees); and negotiate and prepare the necessary documentation required to carry the proposal through to completion.

Practice Spotlight:

Advice on regulatory aspect of the transactions

Legal Due Diligence

Liaison with various Departments of the Government

Negotiations with the Government

Tender Documents