During the period of our practice, we have accumulated a unique experience of effective work that allows us to find a solution in the most difficult situations.
Finance and Capital Markets
Commerce and real Estate
We provide advice on foreign direct and in-direct investments, public-private partnerships (PPP), mergers and acquisitions, private equity, corporate governance, licensing, employment, business restructuring and insolvency.
Since 2007, we have been assisting more than 50 foreign investors in establishing their presence in Mongolia by way of equity investment. Majority of these investments involve licensed activities in various sectors, such as mining, construction, banking and energy facilities. ING Bank, N.V, Standard Chartered Bank, Peabody Energy Corporation, BG Group, Louis Vuitton, ENGIE and GE Corporation are just the few of many of our clients whom we have assisted on their entry into Mongolia.
With the adoption of the PPP Policy by the Parliament of Mongolia in 2007 followed by Concessions Law of 2010, PPP or concession projects became popular. In this regard, we have been advising sponsors in the national scale concession projects ranging from combined heat and power plant project (CHP5) to new international airport operation project (NUBIA).
M&A is one of our core areas of expertise. While mergers happen relatively seldom, acquisitions are quite common in Mongolia. 35% of our work in corporate transactions involve acquisitions of companies in general.
Licensing and employments advice come hand in hand in all of our corporate works. Statistically, 914 business licenses and permits are being issued by 54 authorities in Mongolia as of 2016. This indicates the demand and volume of work in this field. Employment law in Mongolia is also unique as it provides more protection towards the employees. Corporates must carefully engage in the employment relationship and comply with all the relevant laws as well as standards in order to avoid any potential claims and proceedings. Accordingly, our experience in this area helps our clients to adopt clear and best quality advice on preparing of the internal employment documentations and initial hires that sure shield them from any unwanted future outcomes.
We are here to support our clients not only in good times, but also in bad times. We have been assisting foreign creditors in insolvency matters involving local debtors and gained accumulated experience in dealing with judicial and court decision enforcement actions in Mongolia as well as arbitration proceedings outside of Mongolia.
Projects includes energy, engineering, procurement and construction (EPC), infrastructure, transportation and mining.
Finance and Capital Markets
Finance and Capital Markets includes asset finance, asset management, general lending, leveraged finance, project finance, debt capital markets, derivatives and structured finance and equity capital markets.
Commerce and Real Estate
Commerce and Real Estate includes commerce, real estate construction, leasing, real estate planning and development, real estate investments and joint ventures.
Intellectual Property includes trademark and patent prosecution, copyright and related rights and enforcement of IP rights.
DB & GTS LLP has years of experience in advising complex and groundbreaking capital markets, energy, infrastructure, mining, and construction projects. We have experts with the ability to work alongside and guide our clients from step one to completion with unrivaled know-how, experience, and confidence.
We advise leading domestic and international companies in the most challenging and revolutionary projects. We offer our specialists in:
- Engineering, Procurement and Construction (EPC)
- Mining and Metals
US$ 300,000,000 bond issuance by Trade and Development Bank of Mongolia
Acted as ING Bank, N.V’s local legal counsel on the US$300,000,000 European Medium Term Note Program by Trade and Development Bank of Mongolia
Secondary listing of South Gobi Energy Resources
We advised on the secondary listing of South Gobi Energy Resources on the Main Board of the Hong Kong Stock Exchange
European Bank for Reconstruction and Development on its financing transactions
Acted for the European Bank for Reconstruction and Development on its financing transactions involving G-Mobile LLC, APU JSC, Centerra Gold, Petro Matad, MCS Holding, and Monos Group.
Advised the lenders on the Salkhit Wind Farm Project
Advised the lenders on the Salkhit Wind Farm Project, the first and landmark renewable energy project implemented in Mongolia.
US$ 1,500,000,000 bond issuance by the Government of Mongolia (Chinggis Bonds)
Acted as the local legal counsel for the underwriting banks on the issuance of the Government of Mongolia’s US$1,500,000,000 notes (Chinggis Bond)
Assisted International Finance Corporation (IFC)
Assisted International Finance Corporation (IFC) on its subordinated lending transaction to one of the major commercial banks in Mongolia.
Acted for Samsung C&T Corporation on its litigation against Savings Bank of Mongolia
Acted for Samsung C&T Corporation on its litigation against Savings Bank of Mongolia in respect of an insolvency matter.
US$ 500,000,000 sovereign guaranteed bond issuance by Trade and Development Bank of Mongolia
Acted as the local legal counsel for the underwriting banks on the Trade and Development Bank’s sovereign guaranteed US$500,000,000 notes due in 2020.
US$ 500,000,000 bond issuance by the Government of Mongolia (Mazaalai Bonds)
Acted as the local legal counsel for the underwriting banks on the Government of Mongolia’s US$500,000,000 senior notes under the Global Medium Term Program (Mazaalai Bonds).
US$ 650,000,000 bond issuance and exchange by the Government of Mongolia
Acted as the local legal counsel for the underwriting banks on the Government of Mongolia’s US$650,000,000 senior notes offered in exchange for the Development Bank of Mongolia’s notes due in 2017.
Acted for the sponsors (Ferrostaal, ENGIE, and local investor) on the project financing of a 55MW windfarm project in Sainshand, Dornogobi worth US$ 120,000,000.
Acted as local legal counsel on the Development Bank of Mongolia
Acted as local legal counsel on the Development Bank of Mongolia’s US$500,000,000 senior notes due in 2023.