KhanLex advises U.S. International Development Finance Corporation on a USD 5.0 million senior loan facility to a Mongolian cashmere producer
KhanLex advised the U.S. International Development Finance Corporation (DFC) on its 5.0 million senior loan facility to Goyol Cashmere LLC, a fast-growing cashmere producer of Mongolia. The loan will help Goyol Cashmere LLC to construct a new factory and to purchase additional equipment in order to expand its production. Parts of the loan proceeds will […]
KhanLex appointed by an international software company as outside counsel to advise on enforcement of IPRs in Mongolia
KhanLex has been instructed by a Fortune 50 software company to provide legal services related to IPR protection, as well as to represent its interests in possible legal actions in the field of cybersecurity. The client, a Fortune 50 large software company, develops software for 3D product design, simulation, manufacturing and more. “We are excited […]
KhanLex advises Asian Development Bank on a US$ 30 million loan facility to Xac Bank
KhanLex advised Asian Development Bank on its US$ 30 million loan to XacBank LLC. The loan will support expansion of XacBank’s financing to micro, small, and medium-sized enterprises in Mongolia, focusing on those owned by women and located outside Ulaanbaatar. XacBank is one of the largest commercial banks in Mongolia and a market leader of […]
KhanLex advises European Bank for Reconstruction and Development on a loan facility to VisionFund Mongolian NBFI
KhanLex advised European Bank for Reconstruction and Development on its loan to VisionFund Mongolia NBFI LLC. The loan will support VisionFund Mongolia to offer financing to MSMEs in Mongolia. VisionFund Mongolia is a microfinance institution working with low income clients living in vulnerable and rural communities of Mongolia by offering financial and livelihood solutions. The […]
KhanLex advises European Bank for Reconstruction and Development on a MNT 3,0 billion senior loan facility to the largest microfinance institution of Mongolia
KhanLex advised European Bank for Reconstruction and Development on its MNT 3,0 billion senior loan facility to the largest microfinance institution in Mongolia – Transcapital NBFI LLC. Transcapital, one of the first and most reputable microfinance institutions in the country, has been an EBRD client since 2013. The loan is the fourth loan by EBRD […]
KhanLex advises European Bank for Reconstruction and Development on a USD 5.0 million convertible loan to the dual-listed Erdene Resource Development Corporation
KhanLex advised European Bank for Reconstruction and Development on its USD 5.0 million convertible loan to Erdene Resource Development Corporation (Erdene).The loan will help complete a pre-feasibility study, carry out an environmental and social impact assessment and obtain the licenses and permits necessary to advance the Khundii Gold project, the flagship asset of Erdene in […]
KhanLex advises U.S. International Development Finance Corporation on a senior loan facility to a Mongolian financial institution
KhanLex advised the U.S. International Development Finance Corporation (DFC) on its senior loan facility to Gobi Finance NBFI LLC (Gobi Finance), one of the largest non-banking financial institutions of Mongolia. The loan will help Gobi Finance to expand its current micro and SME portfolio. The loan is expected to have a developmental impact on Mongolia […]
KhanLex advises Asian Development Bank on a USD 18.7 million senior loan facility to 15 MW solar power plant
KhanLex advised Asian Development Bank and the Leading Asia’s Private infrastructure Fund (LEAP) on their USD 18.7 million loan facility to Tenuun Gerel Construction LLC (TGC) for building, operating, and maintaining a 15 MW solar power plant in Mongolia. The solar power plant is located near the new Ulaanbaatar International Airport near Ulaanbaatar. The solar […]
KhanLex advises European Bank for Reconstruction and Development on a EUR 3,850,000 senior loan facility to Mongolian retailer
KhanLex advised its long-standing client, EBRD, in its financing of Khanburgedei, a Mongolian retail company, of EUR 3,85m. The loan will refinance some existing debt of Khanburgedei as well as be used by Khanburgedei for working capital. This financing is provided by EBRD under its Direct Financing Framework SME programme which allows EBRD to offer […]
KhanLex issues recommendations to improve Mongolia’s legislation for NPL resolution
KhanLex has published a report – “Mongolia: Strengthening the Legal Framework for Non-Performing Loans Resolution and Debt Restructuring – Gaps in Mongolian laws”. The report was commissioned by EBRD’s Legal Transition team and contains in-depth review of key existing laws governing resolution of non-performing loans in Mongolia. The report identifies gaps and recommendations for necessary […]
