Clyde & Co has entered the Mongolian market by signing an alliance with local law firm Khan Lex Advocates.

The association with Khan Lex is the next step in Clyde & Co’s venture into Mongolia. The law firm already had a Mongolian-qualified lawyer, Khandsuren Khuu, based in its London office.

Clyde & Co international trade partner Stephen Tricks comments: “Clyde & Co has been steadily increasing the range of advice we provide to Mongolian clients and to other clients looking to do business in Mongolia. This association with Khan Lex Advocates provides us with the opportunity to develop our Mongolian practice yet further.

“We can now link our clients to a law firm that is not only first rate in terms of its ethos and quality but also has a unique experience of the legislative codes and considerable insight into the government of the country.”

The Mongolian law firm was launched in 2011 and is based in Ulaanbaatar. It advises clients on both their dealings with legislative, executive and judicial branches of government and offers services covering securities, corporate, projects, contracts, tax and foreign investment. The company worked on the drafting of various pieces of legislation including the first minerals code and the foreign investment code.

Khan Lex Advocates managing partner B. Enkhbat comments: “The growth of the market and rising demand for legal services is well known as the number of foreign-owned or joint ventures that have begun operating in Mongolia has mushroomed with many more on the horizon.

“This association with Clyde & Co enables us to work with an international law firm that has a long track record of assisting its clients in emerging markets and particularly in the areas of mining, energy, financial services, infrastructure and international trade.”

A number of other law firms have moved into the Mongolian market, with DLA Piper signing an alliance with C&G Partners last March and Hogan Lovells entered into a formal association with Mongolian firm GTS Advocates back in 2010.