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Day: February 18, 2021

IPO in Mongolia: 1) brief regulatory overview and 2) legal considerations for bank IPOs

A bill has been enacted by the Mongolian Parliament on January 29, 2021, amending the Banking Law of Mongolia. According to the bill, the so-called “systemic” commercial banks in Mongolia will need to become publicly-traded companies and, thus, conduct an IPO by June 30, 2022. Also, by December 31, 2023, any shareholder must not hold […]

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