KhanLex pick up mandate on Khan Bank IPO
KhanLex Partners have picked up a mandate to advise Khan Bank of Mongolia on IPO. Appointment of KhanLex as IPO counsel has followed enactment by the Mongolian legislature of new banking regulations earlier in 2021. In particular, under these regulations the so-called “systemic banks” of Mongolia – such as Khan Bank – must become publicly-traded […]
IPO in Mongolia: 1) brief regulatory overview and 2) legal considerations for bank IPOs
A bill has been enacted by the Mongolian Parliament on January 29, 2021, amending the Banking Law of Mongolia. According to the bill, the so-called “systemic” commercial banks in Mongolia will need to become publicly-traded companies and, thus, conduct an IPO by June 30, 2022. Also, by December 31, 2023, any shareholder must not hold […]
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 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 […]
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 16 million senior loan facility to Mongolia’s Gobi Cashmere
KhanLex advised its long-standing client, European Bank for Reconstruction and Development, on a USD 16 million senior loan facility to Gobi Cashmere. The EBRD loan of USD 16 million will finance Gobi Cashmere’s expansion of retail and production. In particular, the EBRD financing will support the opening of a new flagship store of Gobi Cashmere […]
KhanLex advises European Bank for Reconstruction and Development on a EUR 10 million senior loan facility to Mongolian car dealer
KhanLex advised European Bank for Reconstruction and Development on its EUR 10 million senior loan facility to Tavan Bogd LLC. The EBRD loan of 23.4 billion tugrik (equivalent of €10 million) will help Tavan Bogd to finance the construction of a state-of-the-art Toyota repair and maintenance center and expand its new car distribution and sales […]
KhanLex advises European Bank for Reconstruction and Development on a USD 12 million senior loan facility to Mongolian retailer
KhanLex advised European Bank for Reconstruction and Development on its USD 12 million senior loan facility to Nomintav Trade LLC. Nomintav Trade is one of Mongolia’s leading retailers for fast-moving consumer goods, apparel and consumer electronics. It is also a subsidiary of Nomin Group, one of the largest and successful Mongolian conglomerates with diversified businesses […]
