Hall Of Fame

Firms To Watch: Leading firms

PricewaterhouseCoopers, under the leadership of Munkhjargal Ragchaakhuu and Amarjargal Batchuluun, offers its clients advice on a diverse range of legal matters, including, employment, immigration, energy, M&A transactions, and construction.

Leading firms in Mongolia

KhanLex Partners LLP

Utilising its dedicated practice area departments and boasting 'a strong team of lawyers', KhanLex Partners LLP advises its clients on matters across a wide range of sectors, including banking, infrastructure, regulation, and dispute resolution. The firm also fosters a strong practice in the emerging area of climate finance in Mongolia, advising on green finance projects contributing to greenhouse gas reductions. Enkhbat Batsukh specialises in cross-border transactions, financing, banking, capital markets, and regulation; his clients include multinational institutions and state-owned enterprises. Batjargal Gombosuren is also noted for his cross-border and financial work, in addition to his experience advising on mining matters. Uchralbayar Iderkhangai’s focus is on investment and dispute resolution, and at the associate level, Namuun Odkhuu has worked on banking, finance, capital markets, and securities matters.

Other key lawyers:

Uchralbayar Iderkhangai; Enkhbat Batsukh; Batjargal Gombosuren; Namuun Odkhuu


Testimonials

‘A strong team of lawyers who are collaborative and communicable, with a great team-working approach.’

‘Enkhbat Batsukh is a knowledgeable and ethical lawyer.’

‘The team is dedicated and flexible to time demands.’

Key clients

Frontclear


Steppe Beverage Kft


URECA Pte Ltd


UPC Renewables Mongolia Pte Ltd


Bank of China


Binance Holdings


PCG Limited


BlueOrchard Microfinance Fund


MonBeef LLC


Numur Capital Credit NBFI


BlueOrchard Microfinance Fund and Covid-19 Emerging


Frontier Markets MSME Support Fund SCSp SICAV-RAIF


European Bank for Reconstruction and Development


Enabling Microfinance Fund


Kiva


Innova Mineral LLC


National Investment Bank of Mongolia


International Finance Corporation


United States International Development Finance Corporation


Melville Erdenedalai LLP

Melville Erdenedalai LLP’s practice encompasses a broad range of sectors, and the firm has experience in commercial, corporate, energy, and banking law. Its association with Hogan Lovells International LLP allows the firm to provide greater assistance to its clients on cross-border matters. The firm has assisted major mining companies, conglomerates, international development banks, and the Bank of Mongolia with matters ranging from M&A transactions to Mongolia’s first ISDA agreements. Managing partner Chris Melville, who has advised private and public entities across the Mongolian market, heads the practice alongside Erdenedalai Odkhuu, whose focus is mining, renewable energy, infrastructure, natural resources, and telecoms-related mandates.

Practice head(s):

Chris Melville; Erdenedalai Odkhuu


Testimonials

‘The team combines strong business acumen with solid legal advice that is practical and straightforward.’

‘Chris Melville provides clear and sound legal advice. They provide timely feedback and are always available to respond to follow-up queries.’

‘The firm has deep knowledge of the Mongolian business environment, as well as international expectations and practices. This gives them a unique edge over other firms.’

Key clients

Government of Mongolia


Morgan Stanley & Co International plc


European Bank for Reconstruction and Development


World Bank Group


International Finance Corporation


Work highlights


  • Advised the Government of Mongolia on its $517m bond exchange and tender offer.
  • Advised Morgan Stanley as underwriter to Mongolian Mining Corporation (HK) on its $100m tender offer.
  • Advised the World Bank on its technical assistance project aimed at improving Business Regulations and Competitiveness.

MDS & KhanLex LLP

With each transaction led and supervised by a suitable partner, MDS & KhanLex LLP ensures its clients are best assisted on every issue that may arise. The firm is heavily involved in the Mongolian securities market, particularly in relation to asset or mortgage-backed securities. Its assistance with international development banks’ deals in Mongolia is also of note. Managing partner Dugerjav Dash-Onolt advises private and state-owned companies, as well as public bodies, on capital markets, securities, and legislative policy research. Another key name is Maizorig Janchivdorj, who assists with project financing, M&A transactions, and corporate matters. Batbuyan Sodnomjamts’ practice includes advising on energy and infrastructure projects and M&A mandates.

Other key lawyers:

Dugerjav Dash-Onolt; Maizorig Janchivdorj; Batbuyan Sodnomjamts


Testimonials

‘The firm has accumulated industry leading experts in finance and commercial transactions. It has also maintained its reputation by providing excellent legal assistance on up-to-date challenges.’

‘Dugerjav Dash-Onolt is renowned for her professional integrity and solution-oriented approach.’

‘The firm has good knowledge and skills.’

Key clients

State bank LLC


Mongolian Stock Exchange State owned closed JSC


Sendly NBFI LLC


Invescore NBFI LLC


WWF-Mongolia Programme office


APU JSC


IWFCI Mongolia


Money market fund LLC


MIK 29 SPV Mongolian Mortgage Corporation LLC


Bers ABS Active SPV


Bichil ABS Plus SPV


Daxen LLC


IC REIT LLC


Work highlights


  • Assisted the State Bank with conducting legal due diligence, issuing legal opinion, and providing legal advisory service on the issuance of the first initial public offering of shares at the Mongolian Stock Exchange.
  • Assisted a client with conducting a human rights due diligence assessment on labour relations of employers included in the CONSCIOUS LEADERSHIP pilot programme and determining whether there are human right risks, directly or indirectly, or any negative impacts or violations in the operation of the entities.

GRATA International Mongolia Law firm

GRATA International Mongolia Law firm has a wide-ranging practice in the Mongolian market, with an especial focus on commercial contracts, corporate and M&A mandates, data protection, and dispute resolution. The firm has conducted due diligence work, advised on liquidations and restructurings, and assisted with the incorporations of legal entities. The firm is also noted for its provision of tax advice. Bolormaa Volodya leads the practice and specialises in corporate, labour, competition, IP, and data protection law.

Practice head(s):

Bolormaa Volodya


Key clients

Cryogas Inc.


Mygreen Market LLC


EPIROC Mongolia LLC


Liteforex (Europe) Ltd


Work highlights


  • Advised Cryogas Inc. on the incorporation of a foreign-invested company in Mongolia.
  • Advised Mygreen Market LLC on the acquisition of a foreign-invested company.

Mayer Brown

Mayer Brown regularly represents domestic and international clients, including international banks, lenders, and development finance institutions. The firm’s experience with cross-border matters enables it to advise its clients on a wide range of issues, including mandates regarding capital markets, financing transactions, and real estate development. The firm also maintains a strong practice in corporate trust matters concerning bond issuances, liability management, and restructurings. The practice is led by Jason Elder, whose focus is on high-yield bonds issues, alongside Thomas Kollar, who advises on cross-border capital markets transactions and general corporate matters.

Practice head(s):

Jason Elder; Thomas Kollar