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Hogan Lovells has cemented its three-year relationship with Mongolian firm GTs Advocates by entering into a formal association.
Hogan Lovells partner Michael Aldrich, who has been seconded to GTs since April 2009, will continue to be the firm’s partner on the ground in Ulan Bator, making Hogan Lovells the only international firm with a dedicated presence in the country.
GTs Advocates is a full-service firm advising Mongolian companies, multinational corporations, investment banks, private equity firms and funds from the US, Europe and Asia. Parties from both firms said they believe Mongolia’s economy is set to experience a surge.
Executive director of GTs Advocates, Byamba Batbayar 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.”
Aldrich said: “Mongolia’s rich natural resources give the country an extraordinary opportunity to fulfil its ambitious plans to develop its industrial infrastructure and social fabric.”
Crispin Rapinet, Hogan Lovells managing partner for Asia and the Middle East added: “The combination of GTs’s local expertise and Hogan Lovells’ global experience and reach has already proved uniquely valuable to our clients looking to develop business opportunities in Mongolia and to Mongolian enterprises seeking to attract inbound investment and expand their markets aboard.”
Aldrich added that Hogan Lovells plans to move a number of associates to Ulan Bator over the coming months.