Hogan Lovells has entered into its first alliance since its 1 May merger after sealing an entente with Mongolian firm GTs Advocates.
The two firms have been loosely affiliated for the last three years and Hogan Lovells partner Michael Aldrich has been seconded to GTs since April 2009 and will continue to be resident in Ulaanbaatar.
GTs Advocates is a full- service firm and represents Mongolian companies as well as multinational corporations, investment banks, private equity firms and funds from North America, Europe and Asia. It recently advised Citigroup and Macquarie Bank as sponsors of the US$439m Hong Kong secondary listing of South Gobi Energy.
Michael Aldrich and GTs executive director, Byamba Batbayar, both said that the timing of the alliance was opportune given the robustness of the country’s economy.
"Mongolia's rich natural resources give the country an extraordinary opportunity to fulfil its ambitious plans to develop its industrial infrastructure and social fabric,” Aldrich said.
“We foresee the years ahead to be ones of accelerated growth, stimulated by the government's extensive plans to further develop the country’s industrial and social infrastructure," added Batyabar.
Hogan Lovells’ alliance means it is the only international firm with a meaningful presence in the increasingly lucrative Central Asian nation. To date, only two PRC firms have opened offices in Mongolia: Longan opened earlier this year in association with local firm Zata while Lehman, Lee & Xu says it opened an office Ulaanbaatar in 2002.ALB
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