asialaw Analysis

General business law
MDS & KhanLex

Work highlights 

Acted for LendMN NBFI, a Mongolian fintech company, on its issuance of bonds on the Mongolian Stock Exchange (MSE). 

Acted for Invescore Activ on its issuance of asset backed securities on the MSE. Invescore Activ’s special-purpose vehicle is the first company that publicly offered asset backed securities on the MSE. 

Advised Ministry of Finance of Mongolia on the law amendments of the Debt Management Law of Mongolia. 

Key clients 

Ard Financial GroupFar East Asia Coal MiningMongolian Association of Securities Dealers (MASD)Mongolian Mortgage CorporationSuu 

Melville Erdenedalai

Work highlights 

Acted as Mongolian law legal advisers to European Bank for Reconstruction and Development (EBRD) in connection with a long-term dollar-MNT swap facility with Bank of Mongolia. This is one of very few derivatives transactions entered into in the Mongolian market under the ISDA contractual framework. 

Advising Talon Petroleum, an ASX-listed oil and gas explorer on farm-in arrangements with Telmen Resource JSC in respect of a 33% interest in the proposed Gurvantes XXXV Production Sharing Agreement, located onshore in Mongolia. This transaction will represent a high-profile investment into the Mongolian methane gas sector and will be important for investor confidence in the country. 

Advised the Ministry of Finance of Mongolia on Mongolian law aspects of its exchange offer and new issuance of $600 million sovereign bonds, called Nomad’. 

Key clients 

Progress Rail Locomotives 

Nomin & Advocates

Work highlights 

Acted for Wagner International (Denver, CO), Wagner Asia (UK), their Mongolian subsidiaries including Wagner Asia Spin and Wagner Asia Automotive on the sale of assetof Wagner Equipment in relation to its divestment from Mongolia. 

Advised a group of contractors on the development of the Myangad 10MW solar power projectThis is the first project that is being commissioned by the Ministry of Energy of Mongolia since the Renewable Energy Law of Mongolia was amended. 

Advising Mandal Insurance JSC on all aspects of its corporate governance and daily operational matters.