Tajamal is a structured finance specialist with over 25 years of extensive experience in asset-based leveraged financing, especially in the field of aircraft and property finance. He has worked on plain finance facilities, syndicated loans, as well as utilization of capital markets and securitization products. Has accumulated considerable experience in finance structures to meet the needs of clients, such as leveraged leases, sale and lease-back structures, and tax-driven Japanese, German, and USA Pickle-Dole leveraged leases. He has in-depth knowledge of security tools such as mortgages, assignments, floating and fixed charges, liens, and different types of guarantees and trade finance products.
Before joining Tasheel Law Firm as partner, he worked in private practice as a senior associate in the international law firm DLA Piper in its banking division and as a Managing Partner for the niche corporate commercial law firm THS & Co whose clients included multinationals such as Sanofi Aventis, Telenor, Coca-Cola Export Corp., Huwaei, Jazz etc.
He has considerable in-house experience including as South Asia – Regional Head of Legal and External Affairs for the UK multinational BAT plc, Senior Legal Advisor to the UK Export Agency, and Legal Advisor to the UK Department of Trade and Industry regulating the financial services industry.
As assistant company secretary for BEAMA (UK), he drafted precedent terms and conditions for the electrical and mechanical industry to be used in construction contracts.
With private practice and in-house experience, he has a considerable understanding of client challenges and issues and how private practicing lawyers should meet the client’s needs.
Education and Qualifications Barrister (UK)
Solicitor (England & Wales)
LLB(Hons) – UCLan. (UK)
LLM – UCL (UK)
Practice Areas and Industry Sectors
Practice Areas
Structured and Asset-Based Financing
Project and Infrastructure Financing
Aviation Financing and Leasing
Corporate Law
Commercial Law
Construction and Property Development
Securitization and Capital Markets
Industry Sectors
Aviation
Real Estate and Construction
Infrastructure Development
Financial Services
Energy and Utilities
Export Financing and Trade
Telecommunication
Defense and Aviation
Tobacco Industry
Notable Experience
The following are an example of the types of some the Transactions involved in-
Various property development projects which included the UK Private Finance Initiative (PFI);
Project financing transactions including Qatargas, Maharashtra Power Project, and property developments in the UK for council housing.
Construction contracts for building Office buildings, apartments, and shopping plazas.
$1.375 billion syndicated loan facility for the purchase of 21 Airbus aircraft using various leveraged leases and equity structures for Cathay Pacific Airline.
$550 million syndicated facility for the purchase of 10 aircraft involving various financial structures for ILFC.
$273 million facility to finance the purchase of 3 aircraft via a simple finance lease using a Cayman Island SPC.
$100 million facility to finance the sale of 2 aircraft via a straight loan secured with mortgages on the aircraft to Sri Lanka Airlines.
Sale of Boeing 777 to Emirates with Rolls Royce engines via Japanese leveraged lease structure;
Sale of an aircraft by the use of a Japanese leveraged leases, with and without Yen deposits and with and without the use of strip guarantees
Sale of two aircraft was financed with a plain vanilla loan to Air Malta, from a local bank, which was funded by lenders based outside the jurisdiction.
Sale of five Airbus aircraft using a German leveraged lease to Air Canada, with an option to further utilize a Hong Kong lease.
US Pickle-Dow lease used for the financing of an aircraft for Air Canada
$40 million facility to buy Citation X for a private businessman
Drafted various security documents such as mortgages, assignment agreements, floating and fixed charges, liens, and pledge agreements;
Syndicated and simple loan facilities varying in size from $40m to $1.3 billion for financing the purchase of aircraft and property;
Various transactions for property sales and developments ranging from £30m to £130m;
Transactions backed by export-financing guarantees from agencies such as ECGD, COFACE, and HERMES;
The first government-guaranteed Islamic securitization involving Daiwa Bank and ECGD to fund the sale of an aircraft to Malaysian Airlines.
Various property financing transactions utilizing facilities over £30m for property developments;
Formation of corporate structure by setting up a new foreign-owned subsidiary in Pakistan;
Establishment of a joint venture company in Myanmar, and later acquisition of partner’s shareholding
Corporate financing transactions from term loans to overdraft facilities, as well as term deposits;
Acquisitions and mergers of various property development companies in the UK;
$40m shares rights issue to inject additional capital into the listed company;
£500m SWAP agreement for USD currency, as well as other capital market instruments including issuing of bonds and securitization of government guarantee;
Refinancing agreements, involving Novation and Sub-participation arrangements.
$150 Million multi-currency revolving facility
$500 million fixed-rate guaranteed bond issued by Guaranteed Export Finance Corporation PLC (“GEFCO”) and guaranteed by ECGD issued in 1993 to finance ECGD’s refinancing program. Negotiation of documentation for bond and associated currency and interest–rate swaps. Drafting and signing of formal legal opinion on ECGD vires in connection with the guarantee on the bond
$100 million fixed-rate guaranteed bond issued by GEFCO and guaranteed by ECGD in 1992
Professional Affiliations and Memberships
Member, The Honorable Society of Lincoln’s Inn
Solicitor, Solicitors Regulation Authority (SRA), United Kingdom
