23 May 2024 – Bangladesh
We acted for Asian Development Bank in relation to its $10 million secured loan facility for Rupshi Seed Crushing Limited, a member of City Group in Bangladesh. The facility is to be used to finance the construction of a green field energy-efficient, multi-oilseed crushing plant within the City Economic Zone in the Narayanganj District of Bangladesh.
16 April 2024 – Armenia
We acted as English law counsel to Asian Development Bank in relation to the sale of its 13.9% shareholding in Ameriabank CJSC, the largest bank in Armenia by assets, to purchasers Bank of Georgia Group plc and Bank of Georgia JSC.
26 February 2024 – Georgia
We acted for Asian Development Bank in relation to its GEL 65,000,000 credit facility for Credo Bank JSC.
21 November 2023 – Mongolia
We acted as international counsel to Asian Development Bank in relation to its $30 million secured loan facility for cashmere
17 October 2023 – Azerbaijan
We advised Asian Development Bank on its AZN 34,000,000 loan facility for Bank Respublika OJSC.
29 June 2023 – Mongolia
We have advised Asian Development Bank in relation to its US$10 million loan facility for Mongolian non-bank lender InvesCore NBFI JSC for the financing of micro, small, and medium-sized enterprises. Half of the facility will be funded by B Loans, with ADB as the lender of record. The loan facility provides for a significant proportion of the facility to be disbursed in local currency.
16 December 2022
We have acted as international counsel to Asian Development Bank in relation to its secured loan facilities totalling $18 million for Ulaanbaatar Flour LLC, Tavan Bogd Foods LLC and Tavan Bogd Foods Pizza LLC, members of the Tavan Bogd group of companies in Mongolia. The facilities are intended to support food security and job creation and to help mitigate supply chain disruptions caused by the COVID-19 pandemic and the Russian invasion of Ukraine.
5 October 2022
We advised Asian Development Bank in relation to its US$30 million loan facility for Smartchem Technologies Limited, a subsidiary of Deepak Fertilisers and Petrochemicals
5 July 2022
We advised Asian Development Bank on its $15 million (or KZT equivalent) loan facility for LLC Microfinance Organization KMF. The facility is to be used for the expansion of access to credit for micro, small, and medium-sized enterprises in Kazakhstan.
21 June 2022
We have advised Asian Development Bank on its $5.9 million equivalent local currency secured loan facility for Avrora LLC, one of the largest food and beverage manufacturers and distributors in Azerbaijan.