Maham Ayub

Counsel
Contact
Education

LLB Bachelor of Laws (Honours) | University of London International Programmes | 2010

Maham Ayub

Counsel


Maham joined the Firm in January 2025 and is a Counsel, enrolled as an Advocate of the Civil Court since 2012. She brings with her experience from a number of reputable law firms, having practised in the areas of energy and power, public-private partnerships, privatization, mergers and acquisitions, EPC contracts, project financing and corporate/commercial advisory. Maham primarily advises on matters relating to energy and power, and advises on power purchase agreements, implementation agreements, EPC and O&M contracts. Maham also advises on privatisation matters, including acting as legal counsel for the privatisation of state-owned entities. Additionally, Maham advises on the structuring of PPP projects across sectors such as roads and renewable energy, including drafting concession agreements, preparing bidding documents, and advising on regulatory frameworks. Maham has also led due diligence and transaction execution in cross-border acquisitions in the energy, infrastructure, and industrial sectors, and has advised on share purchase agreements, shareholder arrangements, company formations, and security documentation.



Privatization

•   Advising the Privatization Commission of Pakistan in connection with the privatization of three power distribution companies.

•   Advising the Privatization Commission of Pakistan in connection with the privatization of a state-owned bank.

 

Public Private Partnerships

•   Advised a government ministry in the Sultanate of Oman on the rehabilitation of a hospital on a PPP basis, including preparation of a draft partnership agreement for the project.

•   Advised a government ministry in the Sultanate of Oman on the construction of 42 schools on a PPP basis and assisted with the bidding process.

•   Preparation of bidding documents for 120MW and 150MW Solar Independent Power Plants (IPPs) in Sindh, Pakistan under site specific Tariff Based Competitive Bidding.

•   Preparation of bidding documents for a 50MW (PV) Solar Independent Power Plant (IPP) at Taluka Manjhand, District Jamshoro, Sindh, Pakistan under site specific Tariff Based Competitive Bidding.

•   Preparation of bid documents and contract negotiation for the dualization, development, operation, and maintenance of a road in Punjab.

•   Preparation of bid documents for the construction, development, operation and maintenance of a motorway in Sindh.

•   Preparation of bid documents for the construction, development, operation and maintenance of a motorway in Khyber Pakhtunkhwan.

•   Preparation of bid documents and contract negotiation for the dualization, development, operation, and maintenance of a road in Punjab.

 

Power Generation

•   Advised Engro Vopak Private Limited on the Implementation Agreement to be executed with Port Qasim Authority.

•   Advised the lenders in respect of a 50 MW wind power project during the conditions precedent satisfaction process.

•   Advised an independent power producer in the matter of the wrongful award of bid and the appeal before the grievance redressal committee.

•   Advised Shams Power Limited on Power Purchase Agreements, Lease Agreements, Equipment Sale Agreements, and other regulatory matters for projects including AkzoNobel, Fauji Foundation, Metro, Nishat Hyundai and Packages Mall.

•   Advised an independent power producer on the preparation of project documents for a 50 MW Solar Power Project.

•   Advised an EPC contractor on Engineering, Procurement and Construction Contracts, Simple Cycle and Operation and Maintenance Agreement and Long-Term Supply Agreement for a 1263.2 MW (Gross) RLNG project.

•   Advised an independent power producer on the Power Purchase Agreement and Engineering, Procurement and Construction Contracts for a 200 MW Dual Fuel (RLNG/RFO) project.

•   Advised an EPC contractor on claims against the project company for extension of time and increase in cost, and other regulatory matters, in connection with a solar power project.

•   Assisted with the incorporation of a project company for a 1320MW Coal Power Plant and advised on the Power Purchase Agreement, Engineering, Procurement and Construction Contracts, feasibility report and construction of the coal jetty.

•   Advised an independent power producer on the preparation of a cost-plus generation tariff application for a 120 MW gross co-generation thermal power project based on bagasse and coal fuel.

•   Advised Lucky Electric Private Limited on the Power Purchase Agreement, Implementation Agreement, application for Generation Licence and other regulatory matters for a 660 MW Super-critical Coal Power Plant.

•   Advised Siddiqsons Energy Limited on the Power Purchase Agreement, Implementation Agreement, application for Generation Licence and other regulatory matters for a 330 MW Coal Power Plant.

 

Mergers and Acquisitions

•   Advising Fauji Cement Company Limited and Kot Addu Power Company Limited on the acquisition of a majority stake in Attock Cement.

•   Advised Maticmind S.p.A on the acquisition of General Dynamics Mission Systems Gulf and related matters.

•   Carried out a due diligence exercise for an Omani company in the fragrance and perfume industry in connection with the acquisition of a target company valued at USD 31.2 million.

•   Advised Iv3 Aqua Corporation on the acquisition of the Qurrayat Desalination Plant in Oman.

•   Carried out a due diligence exercise in respect of Engro Powergen Qadirpur Limited, Engro Powergen Thar Limited and Sindh Engro Coal Mining Company for the purposes of a potential acquisition.

•   Advised on the acquisition of TNB Liberty Power Limited by AsiaPak Investments Limited.

 

Corporate Advisory and Shareholders Matters

•   Advised a mining company on shareholders’ matters, prepared minutes of meetings and drafted mining term sheets and agreements.

•   Incorporation of a foreign company’s branch office in Pakistan in connection with a major mining project.

•   Advised a power company on the drafting of Articles and Memorandum of Association, Shareholders Agreement and Joint Venture Agreement in connection with a joint venture.

•   Advised a power company on the drafting of shareholders agreements and other regulatory matters.

 

Financing

•   Advised National Bank of Pakistan and BankIslami, as lenders, on the preparation of security documents for the issuance of a guarantee.

•   Advised lenders’ counsel on the preparation of a share pledge agreement, convertible loan agreement and options agreement in Oman.

 

EPC Contracts

•   Advised Indus Cloud, subsidiary of Master Group Limited, on the preparation of onshore and offshore contracts for the provision of cloud services.

•   Advised Sindh Engro Mining Company on the preparation of onshore and offshore contracts for train loading services.

•   Advising K-Electric on the negotiation of onshore and offshore contracts for the procurement of an Advanced Distribution Management System with a prospective bidder.

 

PROFESSIONAL DEVELOPMENT

•   April – May 2024, United States of America: Selected from Pakistan to participate in the International Visitors Leadership Programme (IVLP), a multi-regional programme on Renewable Energy as an Economic Driver hosted by the US State Department.



•   Lahore Bar Association – Member since 2012

Contact
Education

LLB Bachelor of Laws (Honours) | University of London International Programmes | 2010