Manging Partner: Sanchir Sukhtumur ([email protected])
Partner: Zoljargal Dashnyam ([email protected]), Battushig Batsuren ([email protected])
Number of partners: 3
Number of lawyers: 9
Languages: English, Mongolian (Russian and Chinese Mandarin in addition)
In January 2019, GTS Advocates LLP was rebranded as DB>S LLP. The firm is recognized internationally and domestically as the leading law firm in Ulaanbaatar, Mongolia. What distinguishes DB>S is the hard working team of lawyers who are always on the offense for knowledge and greater experience. The firm has risen in the rankings to a Band One firm for Mongolia focused in General Business Law for the last 8 years. Furthermore, senior partner Zoljargal Dashnyam has been ranked as the leading lawyer from 2010-2020 in the clients’ guide to the Asia Pacific’s Leading Lawyers for Business by Chambers and Partners Asia Pacific.
Banking & Finance
Mining & Energy
Main Areas of Practice:
Banking & Finance:
Lawyers at DB>S routinely advise on banking and financing transaction involving foreign banks and multinational institutions. Zoljargal Dashnyam assisted on the establishment of the representative offices of ING Bank N.V and the Standard Chartered Bank in Mongolia. The firm’s recent notable works include representation of JP Morgan Chase, European Bank for Reconstruction and Development, International Finance Organization, Asian Development Bank, VTB Commodities Trading DAC in a bilateral and multilateral financing transactions involving commercial banks, state development bank, petroleum traders, food and beverage companies of Mongolia.
Key Clients: EBRD, ING, IFC, JP Morgan Chase, ADB
DB>S stands out in the market on its capital markets deal experience and capabilities. Zoljargal has advised on the Trade and Development Bank ('TDB')'s bond issuance in 2008, which marks the first ever international capital markets transaction out of Mongolia. Since then, the firm has been advising the international underwriters in all of TDB’s as well as Mongolia’s sovereign and semi-sovereign bond issuances on the international capital markets. The firm is currently engaged to act for a major state owned mining company on its international and domestic IPO.
Key Clients: HSBC, Credit Suisse, Bank of America Merrill Lynch, JP Morgan Chase Bank, ING Bank., N.V
The firm has extensive experience in mining. The most recent mining related transactions by Battushig include advice on acquisition of minerals assets and financing of mining projects by Canadian and Chinese investors and multinationals. Zoljargal regularly provides legal service to Oyu Tolgoi LLC, a subsidiary of Rio Tinto in Mongolia holding a minerals license over the world’s third largest copper deposit.
Key Clients: Oyu Tolgoi LLC, Erdenes Tavan Tolgoi Mining LLC, EBRD
Zoljargal and the team advised on the combined heat and power plant project from the procurement through concession and PPA signing. She also advised on the financing of Salkhit Wind Farm Project, the first renewable energy project in the country. The firm is a market leader in the renewable energy law field. The recent notable projects by Battushig and the team include Tsetsii Wind Farm Project, Sainshand Wind Farm Project. The team has recently helped Akuo Energy LLC on its acquisition of solar power project in Mongolia.
Key Clients: Engie, POSCO, Sojitz, Newcom LLC, Khan Bank, EBRD, Sainshand Windfarm LLC, Akuo Energy