AIM listing gives Norton Rose first Mongolian client

Norton Rose has landed a deal for its first Mongolian-based client, advising oil company Petro Matad on its AIM listing.

Corporate finance partner Simon Cox, leading for Norton Rose, said Mongolia is attractive as it has a vast array of natural resources.

“Mongolia is a country on which there is an increasing international focus and this project is one in a long line of innovative projects in emerging economies in which we’ve been involved,” Fox told The Lawyer.

Petro Matad, which commenced dealing this month, is the parent company of a group focused on oil exploration and the development and production of oil in Mongolia.

Norton Rose advised on the UK elements for Petro Matad, while Conyers Dill & Pearman received the Cayman Islands mandate. Dickinson Cruickshank provided legal expertise in the Isle of Man and Mongolian law firm Bona Lex advised on local law. Memery Crystal acted for nominated adviser Hanson Westhouse.