KhanLex advises EBRD on a MNT 10.0 billion loan facility to a Mongolian micro lender
KhanLex advised European Bank for Reconstruction and Development on its up to MNT 10,0 billion (€2.9 million equivalent) loan facility to Mongolia’s leading micro lender – Transcapital NBFI LLC. Transcapital, one of the first and largest microfinance institutions in the country, has been an EBRD client since 2013. The loan is one of the several […]
Amendments to Banking Act of Mongolia seek to introduce important reforms to both the banking sector and the securities market
On January 29, 2021, the Parliament of Mongolia approved amendments to the 2010 Banking Act of Mongolia. These Amendments introduce potentially sweeping reforms not only to the banking industry, but also to the Mongolia’s stock market. The attached summary highlights some of the key features of the Amendments. Please click here to read more
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 […]
Proposed Amendments to the Banking Law of Mongolia May Kick-start Landmark Reforms
In August 2020 a bill proposing amendments to the 2010 Banking Act of Mongolia has been presented to the Parliament of Mongolia. If adopted, the amendments would introduce some sweeping reforms not only to the banking industry, but also to the Mongolia’s capital markets. Our summary highlights some of the key features of the proposed […]
KhanLex advises “Frankfurt School Financial Services” Gmbh on a USD 4.8 million Senior Loan Facility to the Largest Commercial Bank of Mongolia
KhanLex has advised “Frankfurt School Financial Services” Gmbh, an asset management firm for development projects, on its USD 4.8 million loan to KhanBank LLC, Mongolia’s largest commercial bank. The loan will support expansion of KhanBank’s financing to private micro, small and medium-sized enterprises across Mongolia.The loan also blends USD 20.0 million of BlueOrchard, a leading […]
Amendments to Renewable Energy Act of Mongolia introduce caps on feed-in tariffs as and competitive procurement of renewable energy
On 6 June 2019 the Mongolian Parliament has passed amendments to the Renewable Energy Act of Mongolia. These amendments have come into force immediately – on 6 June 2019. The attached advisory highlights some of the key features of the amendments. Please click here to read more
