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 “Frankfurt School Financial Services” Gmbh on a USD 4.8 million Senior Loan Facility to the Largest Commercial Bank of Mongolia
KhanLex has advised “Frankfurt School Financial Services” Gmbh, an asset management firm for development projects, on its USD 4.8 million loan to KhanBank LLC, Mongolia’s largest commercial bank. The loan will support expansion of KhanBank’s financing to private micro, small and medium-sized enterprises across Mongolia.The loan also blends USD 20.0 million of BlueOrchard, a leading […]
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 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 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 […]
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 […]
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 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 […]
KhanLex advises KT on divestment in Mongolia
KhanLex advised Republic of Korea’s KT Corp, a telecom company, on divestment of its stake in Mongolia Telecom Company. The shares of KT, which KT had first acquired in 1995 and constituted 40 percent in Mongolia Telecom Company, have been successfully sold to the Government of Mongolia. Mongolia Telecom Company is Mongolia’s incumbent fixed line […]
