Batbayar & Partners LLP is a Mongolian business law firm established in 2013, advising international investors, project sponsors, and domestic enterprises on the transactions, projects, and disputes that drive Mongolia’s economy.
Founded on the principle that Mongolia’s most significant opportunities require both local insight and international standards, the firm has built a strong reputation in complex cross-border and domestic matters.
Our lawyers have advised foreign sponsors, multilateral lenders, and Mongolian public and private sector clients on matters involving capital markets, infrastructure, construction, finance, and strategic investments. We work in English and Mongolian, allowing international clients to rely on us as trusted local counsel while coordinating efficiently with overseas law firms and advisors.
Our core practice areas are strategic legal consultancy, litigation and arbitration, and FIDIC-based construction and engineering matters.
Batbayar & Partners LLP is a member of the Mongolian Bar Association and maintains affiliations with the FIDIC training community through its long-standing collaboration with ECV Consultancy Ltd.
OUR EXPERIENCE
Legal Services in the Securities Market
2024
- Mongolian Mortgage Corporation HFC LLC: Issuance of Senior Notes (USD 225m)
2023
- XacBank JSC: Initial Public Offering (IPO) on the Mongolian Stock Exchange
- BID NBFI LLC: Issuance of “BID Bonds” on the Mongolian Stock Exchange
- Ashid Capital NBFI LLC: Issuance of “Simple Bonds” I and II on the Mongolian Stock Exchange
2022
- State Bank JSC: Initial Public Offering (IPO) on the Mongolian Stock Exchange
- Simple Asset SPC LLC: Asset-Backed Securities (ABS) issuance
2021
- Central Express CVS JSC (CU Mongolia): Initial Public Offering (IPO) on the Mongolian Stock Exchange
- Mongolian Mortgage Corporation HFC LLC: Issuance of Senior Notes (USD 250m)
- MIK: Issuance of Residential Mortgage-Backed Securities (RMBS)
2019
- Mongolian Mortgage Corporation HFC LLC: Issuance of Senior Notes (USD 300m)
2018
- Mandal Insurance JSC: Initial Public Offering (IPO) on the Mongolian Stock Exchange
- APU & Heineken: Legal counsel on Merger & Acquisition (M&A)
2014–2023
- Mongolian Mortgage Corporation (MIK): Ongoing issuance of Residential Mortgage-Backed Securities (RMBS)
2010
- Mongolian Mining Corporation JSC: Initial Public Offering (IPO) on the Stock Exchange of Hong Kong (USD 600m)
2009–2013
- Project Financing:
- Issuance of Senior Notes (USD 600m)
- EBRD, DEG, and FMO Syndicated Loan Facility Agreement (USD 180m, secured)
- Standard Bank Commodity Sale Prepayment Loan Facility (USD 400m, secured)
INFRASTRUCTURE & CONSTRUCTION
Our Experience
2023
- Uranium Project: Consultancy services for investment contracts related to the project.
- Millennium Challenge Account (MCA), Mongolia: Consultancy services for water supply infrastructure for a power plant, based on the FIDIC Red Book model.
- International Arbitration: Legal representation in FIDIC EPC contract disputes.
2022
- Tavan Tolgoi Power Plant Project: Drafting of the EPC contract.
2021
- Erdeneburen Hydropower Plant Project: Legal consultancy and EPC contract drafting.
- Coal Processing Plant Project: Legal consultancy and EPC contract drafting.
2019
- Ulaanbaatar New Central Wastewater Treatment Plant: Legal consultancy for the EPC contract.
2017
- Mineral Processing Plant Project: Represented the contractor in EPCM contract drafting and negotiation.
- Darkhan City Wastewater Treatment Plant Project: Legal advisory services.
2016
- Tsogttsetsii Wind Farm Project: Advisory for the BOP (Balance of Plant) project (Vestas).
- Oyu Tolgoi Underground Development: Construction and operation contract advisory.
- Boroljuut Mine and Power Plant: Advisor to the Invest Mongolia Agency.
2015
- Erdenet–Ovoot Mining & Railway: Advised the concessionaire on the concession agreement.
2014
- City Hall Construction Turnkey Project: Advised the Ulaanbaatar City Governor’s Office on all aspects of project development.
2013
- Ukhaa Khudag–Gashuun Sukhait Railway: Advised the EPC contractor, Samsung C&T.
- New Ulaanbaatar International Airport (NUBIA): Legal advisory for the EPC contract.
2012
- Social Infrastructure Project: Advised on local government PPP (Public-Private Partnership) arrangements for a school, kindergarten, and dormitory complex.
2010–2011
- Heavy-Haul Paved Road (247 km): Legal advisory for project development.
2009–2013
- UHG–GS Railway: Preparation of bidding documents, contract drafting, negotiation, and review for the Concession Agreement and EPC contract.
2009–2011
- 18MW Power Plant: Advised on operational arrangements and contracts.
- 15 MTPA Coal Handling and Preparation Plant (CHPP): Legal consultancy services.
FIDIC TRAINING
Since 1999: FIDIC Conditions of Contract training in partnership with ECV, England.
2013: Organized specialized training for lawyers, engineers, and project managers.