Operating under its motto ‘Local Knowledge to Global Players’, KhanLex Partners is one of Mongolia’s premier law firms, with strong expertise in finance, infrastructure, general commercial and corporate law, and dispute resolution. The firm has advised on many of Mongolia’s landmark deals over the past decade. An innovator in law practice, the firm is now developing its expertise in the area of climate finance in Mongolia. Key figures include partner and chief executive Uchralbayar Iderkhangai, Batjargal Gombosuren and Enkhbat Batsukh.
Work highlights
Advised Trafigura on restructuring and recovering debts due by its Mongolian partners, employing creative legal strategies to balance local financial limitations with the client’s need for liquidity.
Advised the European Bank for Reconstruction and Development on the merger of XacBank with its parent company, TenGer Financial Group, navigating complex regulatory requirements and providing comprehensive legal support throughout the process.
Key clients
Asian Battery Metals, Asian Development Bank, Khan Bank, Monlogistics Holding
One of the largest law firms in Mongolia, MDS & KhanLex is regularly involved in the mortgage-backed securities (MBS) market in Mongolia. Its work ranges from the early stages of designing and incorporating special purpose vehicles to the actual issuance of MBS. Key partners include Maizorig Janchivdorj, Dugerjav Dash-Onolt and Batbuyan Sodnomjamts.
Work highlights
Advised Sendly NBFI JSC on a $5.6 million (MNT 20 billion) public bond fully placed on the Mongolian Stock Exchange, securing growth capital for the digital-remittance platform’s cross-border payment network.
Advised on the issuance of public asset-backed securities by the Invescore ABS SPV on the Mongolian Stock Exchange. Invescore ABS represents the largest amount of ABS ever raised in a single tranche in the Mongolian securities market.
Key clients
Mongolian Fintech Group, Sendly NBFI
Melville Erdenedalai provides legal services related to banking, finance, corporate and M&A, and international arbitration. Its industry strengths are in the energy, mining and infrastructure sectors. The firm’s founders, Chris Melville and Erdenedalai Odkhuu, frequently lead its key deals and cases. The firm acquired the Mongolian business and assets of Hogan Lovells on December 1, 2017, after the latter’s decision to withdraw from the market. It has now entered into an association agreement with Hogan Lovells.
Work highlights
Acted as legal adviser to the IFC on matters of Mongolian law in connection with the subscription and purchase by the IFC on its and IFC-BCFP’s behalf of private placement bonds issued by the capital city of Ulaanbaatar.
Acted as Mongolian counsel to the banks in connection with the issuance of a $300 million international bond by Golomt Bank, one of Mongolia’s five systemic banks. This was the first Mongolian commercial bank bond issuance in the market on a standalone basis in the last 12 years.
Key clients
Asian Development Bank, European Bank for Reconstruction and Development
GRATA International Mongolia is one of the integrated offices of GRATA International Law Firm, having alliances in most of the Eurasian region and some big players including China, the US and the UK. The firm has more than 10 years of experience in rendering legal services to foreign and local clients in business laws. Bolormaa Volodya, the manging partner of the firm, specialises in corporate and M&A, tax and dispute resolution.
Work highlights
Advised a multinational IT company on establishing its foreign-invested subsidiary in Mongolia. This case is significant not only for the client’s successful entry into the Mongolian market but also for its broader impact on the local mining sector.
Advised a mining research and development company on a thorough understanding of the Mongolian legal landscape, particularly in the context of establishing and operating a mining-related business.
