diff --git a/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2Native.kt b/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2Native.kt
index 754ba6a3f6b..46fa929ec51 100644
--- a/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2Native.kt
+++ b/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2Native.kt
@@ -318,15 +318,6 @@ class K2Native : CLICompiler<K2NativeCompilerArguments>() {
                     configuration.report(ERROR, "-Xgc-aggressive is only supported for -memory-model experimental")
                 }
                 put(GARBAGE_COLLECTOR_AGRESSIVE, arguments.gcAggressive)
-                put(CHECK_LLD_COMPATIBILITY, when (val it = arguments.checkLldCompatibility) {
-                    "enable" -> true
-                    "disable" -> false
-                    null -> true
-                    else -> {
-                        configuration.report(ERROR, "Unsupported '-Xcheck-compatibility-with-lld' value: $it. Possible values are 'enable'/'disable'")
-                        true
-                    }
-                })
                 put(RUNTIME_ASSERTS_MODE, when (arguments.runtimeAssertsMode) {
                     "ignore" -> RuntimeAssertsMode.IGNORE
                     "log" -> RuntimeAssertsMode.LOG
diff --git a/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2NativeCompilerArguments.kt b/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2NativeCompilerArguments.kt
index 5900a617a7a..1e795c90812 100644
--- a/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2NativeCompilerArguments.kt
+++ b/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2NativeCompilerArguments.kt
@@ -317,13 +317,6 @@ class K2NativeCompilerArguments : CommonCompilerArguments() {
     @Argument(value = "-Xir-property-lazy-initialization", description = "Initialize top level properties lazily per file")
     var propertyLazyInitialization: Boolean = false
 
-    @Argument(
-            value = "-Xcheck-compatibility-with-lld",
-            valueDescription = "{disable|enable}",
-            description = "Check that linker flags are compatible with LLD."
-    )
-    var checkLldCompatibility: String? = null
-
     @Argument(value="-Xruntime-asserts-mode", valueDescription = "<mode>", description = "Enable asserts in runtime. Possible values: 'ignore', 'log', 'panic'")
     var runtimeAssertsMode: String? = "ignore"
 
diff --git a/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/Linker.kt b/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/Linker.kt
index fe23c3c51c3..d719daf5f0f 100644
--- a/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/Linker.kt
+++ b/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/Linker.kt
@@ -146,7 +146,6 @@ internal class Linker(val context: Context) {
                     linkerInput.caches.dynamic +
                     libraryProvidedLinkerFlags + additionalLinkerArgs
 
-            checkLldCompatibility()
             val finalOutputCommands = linker.finalLinkCommands(
                     objectFiles = linkerInput.objectFiles,
                     executable = executable,
@@ -178,23 +177,6 @@ internal class Linker(val context: Context) {
         return executable
     }
 
-    private fun checkLldCompatibility() {
-        if (linker is MingwLinker && config.getBoolean(KonanConfigKeys.CHECK_LLD_COMPATIBILITY)) {
-            linker.lldCompatibilityChecker = { command ->
-                command.logWith(context::log)
-                val result = command.getResult(withErrors = true)
-                if (result.exitCode != 0) {
-                    val message = """
-                        Kotlin/Native will switch from ld to LLD linker in future releases and this warning will become an error. 
-                        See https://youtrack.jetbrains.com/issue/KT-47605 for details.
-                        ${result.outputLines.joinToString("\n")}
-                        """.lineSequence().map { it.trim() }.joinToString("\n")
-                    context.reportCompilationWarning(message)
-                }
-            }
-        }
-    }
-
     private fun shouldPerformPreLink(caches: CachesToLink, linkerOutputKind: LinkerOutputKind): Boolean {
         // Pre-link is only useful when producing static library. Otherwise its just a waste of time.
         val isStaticLibrary = linkerOutputKind == LinkerOutputKind.STATIC_LIBRARY &&
diff --git a/kotlin-native/backend.native/tests/build.gradle b/kotlin-native/backend.native/tests/build.gradle
index 8e38205ea52..9dc38d77f1e 100644
--- a/kotlin-native/backend.native/tests/build.gradle
+++ b/kotlin-native/backend.native/tests/build.gradle
@@ -4441,48 +4441,6 @@ interopTest("interop_cppSkiaSignature") {
     UtilsKt.dependsOnPlatformLibs(it)
 }
 
-/**
- * Check that compiler properly reports linker options that aren't supported by LLD.
- * @param withImportLibrary create an import library if true. Thus, LLD shoudn't complain.
- * @param shouldShowWarning compiler should show warning from LLD if true.
- * @param compilerFlags additional flags that will be passed to Kotlin/Native.
- */
-void driverCheckLldCompatibilityTest(String taskName, boolean withImportLibrary, boolean shouldShowWarning, List<String> compilerFlags) {
-    tasks.register(taskName, KonanDriverTest) {
-        source = "interop/mingw_dll_linkage/main.kt"
-
-        flags = ["-linker-option", "-lrary", "-linker-option", "-L", "-linker-option", "$buildDir/$taskName"] +
-                compilerFlags
-
-        compilerMessages = true
-        goldValue = "lld doesn't support linking directly against"
-        outputChecker = { out ->
-            shouldShowWarning ? out.contains(goldValue) : !out.contains(goldValue)
-        }
-
-        doBeforeBuild {
-            mkdir("$buildDir/$taskName")
-            execClangForCompilerTests(project.target) {
-                args "$projectDir/interop/mingw_dll_linkage/library.c"
-                args '-shared', '-o', "$buildDir/$taskName/library.dll"
-                if (withImportLibrary) {
-                    args "-Wl,--out-implib", "-Wl,$buildDir/$taskName/library.dll.a"
-                }
-            }
-            copy {
-                from("$buildDir/$taskName/library.dll")
-                into("$testOutputLocal/$name/$target/")
-            }
-        }
-    }
-}
-
-if (isWindowsTarget(project)) {
-    driverCheckLldCompatibilityTest("driver_lld_with_import_library", true, false, [])
-    driverCheckLldCompatibilityTest("driver_lld_without_import_library", false, true, [])
-    driverCheckLldCompatibilityTest("driver_lld_without_import_library_no_check", false, false, ["-Xcheck-compatibility-with-lld=disable"])
-}
-
 /*
 TODO: This test isn't run automatically
 task interop_echo_server(type: RunInteropKonanTest) {
diff --git a/kotlin-native/konan/konan.properties b/kotlin-native/konan/konan.properties
index b74a96982d2..c92289b9fdd 100644
--- a/kotlin-native/konan/konan.properties
+++ b/kotlin-native/konan/konan.properties
@@ -875,7 +875,7 @@ targetToolchain.mingw_x64 = msys2-mingw-w64-x86_64-clang-llvm-lld-compiler_rt-8.
 libffiDir.mingw_x64 = libffi-3.3-windows-x64-1
 windowsKitParts.mingw_x64 = windows-kit-x64-v1-alpha2
 msvcParts.mingw_x64 = msvc-x64-v1-alpha2
-lldLocation.mingw_x64 = lld-11.1.0-windows-x64/ld.lld.exe
+lldLocation.mingw_x64 = lld-12.0.1-windows-x64/ld.lld.exe
 
 windows-kit-x64-v1-alpha2.default = \
   remote:internal
@@ -888,7 +888,7 @@ targetToolchain.macos_x64-mingw_x64 = msys2-mingw-w64-x86_64-clang-llvm-lld-comp
 # for Windows we are currently using LLDB 9
 dependencies.mingw_x64 = \
     lldb-2-windows \
-    lld-11.1.0-windows-x64 \
+    lld-12.0.1-windows-x64 \
     msys2-mingw-w64-x86_64-clang-llvm-lld-compiler_rt-8.0.1
 
 targetTriple.mingw_x64 = x86_64-pc-windows-gnu
@@ -904,8 +904,7 @@ linkerNoDebugFlags.mingw_x64 = -Wl,-S
 linkerDynamicFlags.mingw_x64 = -shared
 linkerKonanFlags.mingw_x64 =-static-libgcc -static-libstdc++ \
   -Wl,--dynamicbase \
-  -Wl,-Bstatic,--whole-archive -lwinpthread -Wl,--no-whole-archive,-Bdynamic \
-  -Wl,--defsym,__cxa_demangle=Konan_cxa_demangle
+  -Wl,-Bstatic,--whole-archive -lwinpthread -Wl,--no-whole-archive,-Bdynamic
 linkerOptimizationFlags.mingw_x64 = -Wl,--gc-sections
 mimallocLinkerDependencies.mingw_x64 = -lbcrypt
 runtimeDefinitions.mingw_x64 = USE_GCC_UNWIND=1 USE_PE_COFF_SYMBOLS=1 KONAN_WINDOWS=1 \
@@ -913,10 +912,10 @@ runtimeDefinitions.mingw_x64 = USE_GCC_UNWIND=1 USE_PE_COFF_SYMBOLS=1 KONAN_WIND
 
 # Windows i686, based on mingw-w64.
 targetToolchain.mingw_x64-mingw_x86 = msys2-mingw-w64-i686-clang-llvm-lld-compiler_rt-8.0.1
-lldLocation.mingw_x86 = lld-11.1.0-windows-x64/ld.lld.exe
+lldLocation.mingw_x86 = lld-12.0.1-windows-x64/ld.lld.exe
 dependencies.mingw_x64-mingw_x86 = \
     msys2-mingw-w64-i686-clang-llvm-lld-compiler_rt-8.0.1 \
-    lld-11.1.0-windows-x64
+    lld-12.0.1-windows-x64
 targetToolchain.linux_x64-mingw_x86 = msys2-mingw-w64-i686-clang-llvm-lld-compiler_rt-8.0.1
 targetToolchain.macos_x64-mingw_x86 = msys2-mingw-w64-i686-clang-llvm-lld-compiler_rt-8.0.1
 dependencies.linux_x64-mingw_x86 = \
@@ -941,8 +940,7 @@ linkerNoDebugFlags.mingw_x86 = -Wl,-S
 linkerDynamicFlags.mingw_x86 = -shared
 linkerKonanFlags.mingw_x86 = -static-libgcc -static-libstdc++ \
   -Wl,--dynamicbase \
-  -Wl,-Bstatic,--whole-archive -lwinpthread -Wl,--no-whole-archive,-Bdynamic \
-  -Wl,--defsym,__cxa_demangle=_Konan_cxa_demangle
+  -Wl,-Bstatic,--whole-archive -lwinpthread -Wl,--no-whole-archive,-Bdynamic
 mimallocLinkerDependencies.mingw_x86 = -lbcrypt
 linkerOptimizationFlags.mingw_x86 = -Wl,--gc-sections
 runtimeDefinitions.mingw_x86 = USE_GCC_UNWIND=1 USE_PE_COFF_SYMBOLS=1 KONAN_WINDOWS=1 \
diff --git a/kotlin-native/shared/src/main/kotlin/org/jetbrains/kotlin/konan/target/Linker.kt b/kotlin-native/shared/src/main/kotlin/org/jetbrains/kotlin/konan/target/Linker.kt
index c6abd78fe46..e91e7e1e2b8 100644
--- a/kotlin-native/shared/src/main/kotlin/org/jetbrains/kotlin/konan/target/Linker.kt
+++ b/kotlin-native/shared/src/main/kotlin/org/jetbrains/kotlin/konan/target/Linker.kt
@@ -441,11 +441,6 @@ class MingwLinker(targetProperties: MingwConfigurables)
         return if (dir != null) "$dir/lib/windows/libclang_rt.$libraryName-$targetSuffix.a" else null
     }
 
-    /**
-     * Handle to command that runs LLD -### (i.e. without actual linkage) with arguments from [finalLinkCommands].
-     */
-    var lldCompatibilityChecker: ((Command) -> Unit)? = null
-
     override fun finalLinkCommands(objectFiles: List<ObjectFile>, executable: ExecutableFile,
                                    libraries: List<String>, linkerArgs: List<String>,
                                    optimize: Boolean, debug: Boolean,
@@ -482,29 +477,11 @@ class MingwLinker(targetProperties: MingwConfigurables)
             +additionalArguments
         }
 
-        if (HostManager.hostIsMingw) {
-            lldCompatibilityChecker?.let { checkLldCompatibiity ->
-                // -### flag allows to avoid actual linkage process.
-                val konanCxaDemangleSymbol = when (target) {
-                    KonanTarget.MINGW_X64 -> "Konan_cxa_demangle"
-                    KonanTarget.MINGW_X86 -> "_Konan_cxa_demangle"
-                    else -> error("Unexpected target: $target")
-                }
-                val lldCommand = Command(linker).constructLinkerArguments(
-                        // Add -fuse-ld to the end of the list to override previous appearances.
-                        additionalArguments = listOf("-fuse-ld=$absoluteLldLocation", "-Wl,-###"),
-                        // LLD doesn't support defsym.
-                        skipDefaultArguments = listOf("-Wl,--defsym,__cxa_demangle=$konanCxaDemangleSymbol")
-                )
-                checkLldCompatibiity(lldCommand)
-            }
-        }
-
         return listOf(when {
             HostManager.hostIsMingw -> Command(linker)
             else -> Command("wine64", "$linker.exe")
         }.constructLinkerArguments(
-                additionalArguments = listOf("-fuse-ld=${absoluteTargetToolchain}/bin/ld.exe")
+                additionalArguments = listOf("-fuse-ld=$absoluteLldLocation")
         ))
     }
 }