We acted as international counsel to Asian Development Bank in relation to its $30 million secured loan facility for cashmere manufacturer Gobi JSC in Mongolia. The facility is sustainability-linked to support the cashmere value chain in Mongolia and provide stable incomes and employment for 1,200 herders and 1,300 industry employees. The loan will be used to procure raw cashmere from herders, as well as for cashmere processing activities.