LONDON, June 22, 2026 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, advised on the International Finance Corporation’s (IFC) equity investment in Ipoteka Bank, one of Uzbekistan’s leading financial institutions.

The transaction involved IFC’s conversion of its outstanding convertible debt into Ipoteka Bank equity. Baker Botts also advised IFC on the original convertible debt financing in 2020. 

Baker Botts acted as international transaction counsel on the matter, building on its existing relationship with IFC.

Baker Botts Lawyers/Offices Involved:

Finance: Stuart McIntyre (Partner, London); Jennifer O’Donoghue (Associate, London)

Corporate: Costa Smith (Partner, London)

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