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 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 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 […]