asialaw Analysis

General business law
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 Namuun Odkhuu.

Work highlights

Advising Mongolyn Alt, one of the largest conglomerates in Mongolia, on the restructuring of its debt obtained from international financial institutions.

Advised UPC Renewables Mongolia on its acquisition of AB Solar Wind in Mongolia.

Key clients

Achit Ikht, Blanco Resources, Big Agdir, Wattkraft, 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. Partner Bayartuul Chimed-Ochir left the firm in September 2021.

Client feedback

“Fulfil customer’s need in any possible legal way and advise accordingly.” – Capital markets

“Reliable professional service.” – Capital markets

Dugerjav Dash-Onolt

“She is a very responsive and experienced lawyer in capital markets.”

Work highlights

Advised APU Company on implementing business and human rights principles and conducting human rights due diligence.

Advised Securities Finance Corporation on the offering of asset-backed security.

Key clients

LendMN, Mobifinance, Rocbolt Technology Mongolia,Ikh Bit

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.


Work highlights 

Advised the Ministry of Finance of Mongolia on its exchange offer and new issuance of $500 million sovereign bonds under Mongolian law.

Advised Talon Petroleum on the farm-in arrangements with Telmen Resource regarding a 33% interest in the proposed Gurvantes XXXV production sharing agreement.

Key clients

European Bank for Reconstruction and Development