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 appointed by an international software company as outside counsel to advise on enforcement of IPRs in Mongolia
KhanLex has been instructed by a Fortune 50 software company to provide legal services related to IPR protection, as well as to represent its interests in possible legal actions in the field of cybersecurity. The client, a Fortune 50 large software company, develops software for 3D product design, simulation, manufacturing and more. “We are excited […]
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 […]
