KhanLex advised Overseas Private Investment Corporation on its USD $7.25 million loan facility to Tavan Bogd Foods LLC and its subsidiary Tavan Bogd Foods Pizza LLC.
The loan will finance the borrowers’ establishment, construction, and start-up operation of KFC and Pizza Hut restaurants in Ulaanbaatar, Mongolia under franchise agreements. The US sponsor is significant U.S. business involvement by Yum! Brands, Inc.
“We’re proud and excited to have assisted OPIC, the U.S. Government’s development finance institution, to support introduction of the world-famous food chain to the Mongolian customers” said Enkhbat Batsukh, a KhanLex partner who led the KhanLex team on this deal. “The assignment presented us with interesting legal questions of not only finance, but also IPR “. Enkhbat was supported by Uchralbayar Iderkhangai, senior associate of of KhanLex, on this transaction.
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”.