Mongolia

asialaw Analysis

General business law
Grata International Mongolia

A new entry into asialaw’s 2023 edition, 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 on business laws. Bolormaa Volodya, the managing partner of the firm, specialises in corporate and M&A, tax and dispute resolution.


Work highlights

Advised Isource Supply International on preparation of legal memorandum on corporate issues and provision of day-to-day legal services.

Advised the Representative Office of Multivac Trading on reviewing and revising the equipment and consumables sales agreement.

Key clients

Dentons Europe, Epiroc Mongolia, Nagashima Ohno & Tsunematsu, Oriflame Mongolia

KhanLex Partners

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.

Client feedback

“KhanLex is knowledgeable and experienced in Mongolia on setting up financial structures and providing legal due diligence.” – Banking and finance

“The firm provides good legal arguments on working projects.” – Banking and finance

“The firm has good research on the law. Their legal opinion is relatively qualified.” – Banking and finance

“KhanLex Partners is very professional and agile.” – Capital markets

Enkhbat Batsukh

“Enkhbat is resourceful and responsive to clients' needs.”

Uchralbayar Iderkhangai

“He has good knowledge and information about the asset-backed securities market.”

“He is a good listener.”

“Uchralbayar is very professional and has a vast knowledge about the sector.”


Work highlights  

Advised the largest commercial bank of Mongolia – Khan Bank – on its green bond programme, which comprises two tranches: (i) Tug17 billion ($5 million) for the public and (ii) a US dollar tranche of $25 million exclusively for foreign strategic investors in the Mongolian securities market.

Advised Munkhiin Useg, the largest publisher in Mongolia, on offering bonds in the amount of $1.5 million on Mongolia’s OTC market for the purpose of increasing its working capital.

Key clients

Asian Development Bank, European Bank for Reconstruction and Development, Monlogistics Holding, Omni Capital

MDS & KhanLex

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.

Client feedback

“One of the standout attributes of MDS & KhanLex is their ability to offer tailor-made and high-quality advice that specifically addresses the unique needs of our company.” – Banking and finance

“As of my knowledge, MDS & KhanLex is more focused on, but not limited to, financial market transactions, including IPOs, issuance of bonds on regulated markets, M&As, and so on.” – Capital markets

“The firm delivers swift service to ensure excellent customer satisfaction. Alongside prompt assistance, empowering customers with knowledge through effective training enhances their overall experience.” – Labour and employment

Dugerjav Dash-Onolt

“She could find solutions to innovative financial products and services.”

Batbuyan Sodnomjamts

“He is very responsible and very well researched the job and the client. A highly communicative and creative mind, is a pleasure to work with.”

“Batbuyan offers a wide range of legal services across various practice areas, including corporate law, commercial transactions, litigation, arbitration, intellectual property, and more. He takes the time to understand the intricate details of their client's business, industry, and specific legal challenges, allowing them to provide bespoke advice that is both practical and strategic.”


Work Highlights

Advised Monlaa and its sole shareholder regarding the acquisition of Monlaa by Kumyang from shareholder Khishigjargal Enkhsaikhan.

Advised on the Mongolian first mutual exchange-traded fund named Invescore Global Q, which is offered on the Ulaanbaatar Securities Exchange.

Advised nine companies on human rights due diligence on labour relations.

Key clients

Bers Finance, Innovation Investment, LendMN

Melville Erdenedalai

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 its decision to withdraw from the market. It has now entered into an association agreement with Hogan Lovells. The firm has welcomed four key partners in the last 12 months. 


Work highlights

Advised the client on Mongolian law applicable to the design and structure of a request for proposal process and associated documentation for the construction and operation of a copper smelter in Sainshand, Mongolia.

Advised the government of Mongolia on matters of Mongolian law in relation to its exchange and tender offer in respect of existing sovereign bonds due in 2023 and 2024 and the issuance of new $450 million sovereign bonds, called “Hunnu”.

Key clients

Mongolian Mortgage Corporation HFC