China Road and Bridge Corporation’s Development Agreement For Rashakai Special Economic Zone

Herbert Smith Freehills has advised China Road and Bridge Corporation on the development agreement for Rashakai Special Economic Zone in Pakistan.

Pakistan’s prime minister Imran Khan witnessed the signing of the agreement on 14 September by the joint venture formed by CRBC and Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) and the federal government, provincial government and KPEZDMC.

The agreement concludes all preparatory negotiations and marks the commercial closing of the SEZ in Pakistan’s northwestern province, part of the China Pakistan Economic Corridor.

Beijing projects and infrastructure partner Ellen Zhang (Picture) has led the team advising CRBC, with support from senior associate Sunday Wang and associate Andrew Lin on the design, drafting and negotiation of the agreement package.

Involved fees earner: Andrew Lin – Herbert Smith Freehills; Sunday Wang – Herbert Smith Freehills; Ellen Zhang – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: China Road and Bridge Corporation;

Author: Michael Patrini