KhanLex advised Türk Eximbank (Türkiye İhracat Kredi Bankası A.Ş.) on a Trade Facility Agreement of USD 20 million with Khan Bank. The Facility’s objective is to support financing needs of Mongolian borrowers’ cross-border trade with Turkish companies.
“Türk Eximbank is the Turkish Government’s major export incentive instrument. We are glad to have been able to advise, as a local counsel, this esteemed bank on its major operation in Mongolia. We are also pleased that the counterparty to the transaction was Khan Bank, one of the largest and most successful banks of Mongolia”, said Enkhbat Batsukh, Partner, who led the KhanLex team on this deal. Senior associate Uchralbayar Iderkhangai supported Enkhbat Batsukh on this transaction.
Türk Eximbank is a state-owned bank in Turkey. It represents the major export incentive instrument of the Government of Turkey. Consequently, Türk Eximbank has been mandated to support foreign trade and Turkish contractors/investors operating overseas.
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N.B.: Enkhbat Batsukh led the above work while being a partner with the merged firm “MDS KhanLex LLP” (now de-merged). In 2018, Enkhbat Batsukh together with Uchralbayar Iderkhangai, another former lawyer of “MDS KhanLex” who advised on the above transaction, have relaunched their pre-merger firm “KhanLex Partners LLP”.