Partner
Karachi

Shomaila Loan

A highly accomplished corporate and financial law expert with extensive experience in M&A, corporate governance, regulatory compliance, and transactional law, having advised leading corporations, financial institutions, and government bodies on complex legal matters.

Education

Stanford Law School,
Stanford University (USA) LLM
(Corporate Governance & Practice)

University of London (UK)
LL.B. (Hons)

Smith College (USA)
Bachelor of Arts Economics & Development Studies

Partner
Karachi

Shomaila Loan

A highly accomplished corporate and financial law expert with extensive experience in M&A, corporate governance, regulatory compliance, and transactional law, having advised leading corporations, financial institutions, and government bodies on complex legal matters.

Ms Loan is a partner in the firm and heads the Karachi office. An Advocate of the High Courts of Pakistan, Ms. Loan holds an LLM in Corporate Governance & Practice from Stanford Law School, Stanford University (USA).

Prior to joining the firm, Ms Loan served as Chief Legal Officer at Engro Corporation Limited, where she oversaw all legal, litigation and corporate governance matters for the conglomerate. Notably, she has advised Engro on  complex  contentious  and  non-contentious  matters  related  to petrochemicals, energy, off-shore LNG projects, mining and telecom infrastructure. She has also represented and advised the company on its M&A transactions including the carve-out and sale of its thermal energy asset portfolio and its bid for Veon’s stake in Jazz telecom infrastructure.

Before joining Engro, Ms Loan headed the legal division at HBL, where she developed the legal framework for a number of innovative products and services. Notable amongst these were financial technology solutions/ payment  system  platforms,  financing  &  security  arrangements  and derivatives (Islamic & conventional). Furthermore, she advised and represented HBL in relation to its strategic investments, both domestic and foreign—playing a key role in the merger/amalgamation of Barclays (Pakistan) business into HBL and the sale of HBL’s branch businesses in East Africa and Europe. She also represented and advised HBL in relation to the secondary offering by the GoP of its remaining shares in HBL to the general public, and HBL’s acquisition of shareholding in PSX, as part of a Chinese led consortium.

Ms Loan’s earlier professional experience extends to her transactional work with well-renowned law firms, Haidermota & Co. and Vellani & Vellani, where she advised and represented major domestic and foreign companies, investors and financial institutions on a wide range of matters—on substantial acquisition of shares in listed companies under takeover law, joint ventures, public offerings of shares and redeemable capital (including Sukuks), complex financing and security arrangements, debt restructuring, competition law and IP related matters. Ms. Loan has also advised international clients in relation to foreign direct investment rules and (disclosure) requirements.

Ms Loan has substantial experience in corporate governance and has advised companies on matters related to effective governance and stakeholder  management.  She  has  represented  companies  before government authorities and regulatory bodies on numerous legal and legislative matters, including before the Government of Pakistan in the country’s first ever FSRU dry-docking matter. Her recommendations on certain amendments in the buy-back law and long term incentive program/stock option scheme were incorporated into company law. Ms. Loan has in-depth knowledge and experience with anti-money laundering regime and regulatory compliance matters with regard to banks. Her skills as a legal practitioner extend to legislative drafting and she has served on State Bank regulatory committees—in relation to drafting of the Financial Institutions (Secured Transactions) Act, 2016, and the committee formed to draft Rules in relation to foreclosure laws. In the past, she has also regularly contributed to the World Bank’s “Ease of Doing Business” guide. In 2020, Ms. Loan was appointed Member, Competition Commission of Pakistan by the Federal Government. She has served as an independent director on the board of Pakistan’s first corporate restructuring company and was a member of the governing body of an eminent public interest law organization. She is the author of several papers on corporate governance and holds a Certificate of Director Education from the Pakistan Institute of Corporate Governance.

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