
TIP position concerning a law firm
Meanwhile, seperately, TIP has also clarified its earlier stance and explained that its allegations against the Privatization Commission had been misunderstood and mis-interpreted with respect to the law firm of HaidermotaBNR & Co. It has instead specifically stated in a letter to HaidermotaBNR that TIP “has nothing against HaidermotaBNR & Co.”
The background to the clarification is that TIP had through its letter dated 1 August 2014 accused the Privatization Commission of violating PPRA Rules. The letter had included a specific allegation that HaidermotaBNR should have been disqualified since it had submitted multiple bids with different entities.
HaidermotaBNR had subsequently clarified to TIP that it had never bid for, nor been awarded, a single privatization mandate by the Privatization Commission. Instead, the firm had explained that bids had been placed by different entities, primarily investment banks, wanting to be appointed as Financial Advisors for privatization mandates. Those investment banks had then indicated that they would sub-contract part of the work to law firms such as HaidermotaBNR. Finally, the firm had noted that in many cases the Privatization Commission had expressly clarified that sub-contractors could be involved in more than one bid.
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