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 […]
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
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 […]
Prominent Business Lawyers Announce Re-Launch of Their Original Firm
Nationally and internationally known business lawyers Enkhbat Batsukh and Batjargal Gombosuren today announced the formation of their new law firm, KhanLex Partners LLP, focusing on high-stakes transactions. Batsukh and Gombosuren leave their former law firm MDS KhanLex LLP, where they were partners and chairs of Finance/Infrastructure, Corporate/Natural Resource practices, respectively, and have established KhanLex Partners. […]
KhanLex advises Accor on Novotel hotel in Mongolia
KhanLex advised Accor on establishment and management of Novotel hotel in Ulaanbaatar, Mongolia. The international-standard hotel was built by Khurd International LLC. Accor Hotel will operate the hotel based on a hotel management agreement and a hotel consultancy agreement. Accor is a France-based company which is one of the largest hotel operators in the world. […]
KhanLex advises European Bank for Reconstruction and Development on a USD 31.6 million syndicated loan facility to the largest solar plant in Mongolia
KhanLex advised European Bank for Reconstruction and Development, on a USD 31.6 million syndicated loan facility to the largest solar plant in Mongolia operated by Desert Solar Panel LLC. Triodos Investment Management and FMO participated in the facility. The syndicated loan of USD 31.6 million will support the construction and operation of 30 MW solar […]
