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“The arbitration team of Pioneer Law Associates, comprising of Mr. Anup Raj Upreti, Mr. Tilak Bikram Pandey and Ms. Prakritee Yonzon completed a five day training on arbitration, conducted by Nepal International Arbitration Centre, Kathmandu in cooperation with Asia Pacific Centre for Arbitration and Mediation.
“The arbitration team of Pioneer Law Associates, comprising of Mr. Anup Raj Upreti, Mr. Tilak Bikram Pandey and Ms. Prakritee Yonzon completed a five day training on arbitration, conducted by Nepal International Arbitration Centre, Kathmandu in cooperation with Asia Pacific Centre for Arbitration and Mediation. Mr. Upreti conducted a session on Enforcement of Arbitral Awards for all the participants. Further as part of the practical sessions, Mr. Upreti and Mr. Pandey gave policy level recommendations for enhancing the arbitration regime in Nepal”.
Chambers And Partners, a leading law firm in UK has recognized Anup Raj Upreti as Band 1 lawyer in Nepal.
Pioneer Law Associates has been recommended in The Legal 500 Asia Pacific 2021 guide. This is an excellent achievement and is credit to the outstanding work we have done over the last 12 months.
Chambers and Partners, widely recognized as an authority on global legal rankings has recognized Anup Raj Upreti, Managing Partner of Pioneer Law Associates as Band 1 lawyer in Nepal.
Pioneer Law Associates recognized by Chambers And Partners for Asia-Pacific 2021. Chambers and Partners, widely recognized as an authority on global legal rankings has ranked Pioneer Law Associates as a Band 1 law firm in Corporate/Commercial practice area for Asia-Pacific 2021.
On February 6, 2020, Arun-3 hydropower project, the 900-MW export-oriented project, which is the largest hydro project as of now in Nepal, secured more than Rs 101 Billion from a consortium of Nepali and Indian banks for its construction.
India’s Satluj Jal Vidyut Nigam (SJVN) through its wholly owned subsidiary SJVN Arun-3 Power Development Company is developing this project.
The project inked financial closure agreement five banks from India and two from Nepal. From India, the banks involved were State Bank of India (SBI), Export-Import Bank of India (EXIM), Punjab National Bank (PNB), Canara Bank, Union Bank of India from India and Everest Bank and Nabil Bank were involved from Nepal. The seven banks have pledged a total of Rs 101.34 billion to the project in the form of structured debt. The Indian banks will levy interest rate of 8.35% whereas Nepali banks are charging 8.80% interest rate.
Pioneer Law Associates (“PLA“) acted as a legal counsel on behalf of all the lenders for financing of the project, which is the highest private sector lending in the history of Nepal till date. The team from PLA was led my Mr. Anup Raj Upreti, the managing partner of PLA followed by Ms. Lajula Maharjan, Senior Associate, Mr. Sameep Khanal and Mr. Sahadev Khatri, Associates of PLA.
PLA was involved in (a) preparing legal due diligence report of the documents (b) working along with Cyril Amarchand Mangaldas, the lenders legal counsel India for comments on their due diligence report (c) review the financing and security document governed by Indian law from Nepalese law perspective (d) drafting of the Master Security Agreement (e) managing the signing ceremony of whole transaction on behalf of all parties.
IFC, a member of the World Bank Group, and a consortium of eight other lenders finalized a 3 million debt financing package for construction of 216 MW hydropower project in Nepal. The Project is being developed by Nepal Water and Energy Development Company (NWEDC) and is the largest FDI in Nepal’s hydropower sector.
The Lenders involved in the Project were IFC, Asian Development Bank, Asian Infrastructure Development Bank, Exim Bank of Korea, Netherlands Development Finance Company, Commonwealth Development Corporation, Korea Trade Insurance Corporation, Proparco Development Bank; and Organization of the Petroleum Exporting Countries.
Pioneer Law Associates (“PLA“) acted on behalf of the syndicate lender’s counsel. The Project was the highest private sector lending in the history of Nepal and is currently the second largest lending in history of Nepal. The team from PLA was led my Mr. Anup Raj Upreti, the Managing Partner followed by Ms. Lajula Maharjan, Senior Associate of PLA, Mr. Sameep Khanal and Mr. Kripesh Shrestha, Associates of PLA.
The role of PLA was to; (a) prepared legal due diligence report and title search due diligence report on behalf of the lenders (b) review financing documents from Nepalese law perspective (c) draft security documents for the project. PLA also undertook and managed the signing ceremony on behalf of all parties to transaction.
Pioneer Law Associates has been recognized as the largest tax-paying law firm by the Taxpayer Service Office, Putalisadak for the Fiscal Year 2070/71.
This website is launched in memory of Mr. Bharat Raj Upreti, Founder of Pioneer Law Associates.
This website is launched in memory of Mr. Bharat Raj Upreti, Founder of Pioneer Law Associates.
Pioneer Law Associates recognized by Chambers And Partners for Asia-Pacific 2022. Chambers and Partners, widely recognized as an authority on global legal rankings has ranked Pioneer Law Associates as a Band 1 law firm and Mr. Anup Raj Upreti as Band 1 Lawyer (Nepal )in the Corporate/Commercial practice area for Asia-Pacific 2022.