Ibaad Hakim
Biography
Overview
Ibaad Hakim is a partner in the Construction and Engineering group based in the UAE.
His experience includes advising on major, high-end, oil and gas, infrastructure, and power projects, many of which have been project financed. He provides strategic advice and risk analysis on a wide variety of construction procurement arrangements, including traditional, design and build, EPC/turnkey, construction management and collaborative contracting, as well as drafting and negotiation of construction contracts. He has considerable experience of advising sponsors, government agencies, contractors and consultants on standard form of contracts including FIDIC, NEC, JCT, ICE, IChemE, as well as EPC, BOT/BOOT, PFI contracts, and bespoke agreements relating to a wide range of industries, in many different jurisdictions.
Ibaad is dual-qualified in England and Wales and in Pakistan.
Experience
Advising Nord Stream 2 on the construction and engineering contracts for the approx. EUR 10 billion twin gas pipeline project between Russia and Germany and under the Baltic Sea, including contracts for line pipe supply, line pipe coating, dredging, ploughing, pre-lay and post-lay rock placement, shallow water and landfall pipelay and offshore pipelay (LOGIC based) and onshore construction (FIDIC based).
Acting for the project sponsor in relation to the engineering, procurement and construction of a large petrochemicals processing complex in Egypt involving five separate major EPC contracts for different work packages. The project was ECA-financed.
Advised International Finance Corporation and a group of other lenders on a series of eight solar power projects in Jordan relating to both Round 1 and Round 2 of the Jordan's solar programme.
Advising Woodside as co-venturer on the procurement strategy and the various constructions contracts for the multi-billion dollar SNE Deepwater Oilfield project, including the bespoke contracts for the FPSO (Floating Production Storage Offloading) vessel and the FEED and EPCI of the subsea systems.
Advising IFC, ADB and a syndicate of local banks on the project financing of the Engro Elengy LNG facility close to Karachi, Pakistan.
Advising the lenders on two separate off-shore wind projects (Project Norther (370MW) and Project Nobelwind (165MW)).
Danger of over wide liability limits, Construction Law 25 2 Cons. Law 17, 2014
