Reliable Legal Support for Investors

ELC LLP Advocates, founded in 2000, has positioned itself as the ideal legal partner for investors in Mongolia. The firm provides a wide range of services, including support for investors starting a business. Managing Partner Bayar Budragchaa explains, “We do not specialise in any one field. We offer every kind of legal service. Most of our clients are involved in the mining, construction and financial-services industries, although we have experience in all sectors. We served many multinationals, including Samsung and Boeing. Many of our customers are from Hong Kong.”

The firm has a very strong reputation in Mongolia and attracts most of its clients through word-of-mouth recommendations, a testament to its outstanding customer service and legal expertise. “We offer services of 21 lawyers including our bilingual staff and 14 years of in-depth experience in the Mongolian economy. Our main focus is on satisfying our clients,” Bayar Budragchaa points out.

Commitment to ethics and transparency

Bayar Budragchaa is also involved in improving Mongolia’s business climate. He worked with other attorneys to develop a code of ethics for the legal sector and is committed to maintaining ethical practices at ELC. He says, “Mongolian attorneys debated a new code of ethics through our Facebook page. I have always been committed to ethical practices in my law office and we continue to focus on transparency, honesty and reliability.”

In an effort to support the development of Mongolia’s economy, Bayar Budragchaa provides advice to the Mongolian Government concerning ways to improve conditions for the country’s rapidly developing private sector, including new investment laws as well as business-friendly tax legislation. He is also strong promoter of Mongolia as a target for international investors.

“Mongolia is stuck between the Dragon (China) and the Bear (Russia). This country is not a priority for the West, and yet Mongolia is working hard to support an open market and democracy and offers many high-potential investment opportunities, as Russian investors are aware. We would like to see more investors from Europe,” Bayar Budragchaa says.

Thanks to ELC, foreign investors will find the legal support they need in Mongolia. As Bayar Budragchaa points out, “Mongolia has made rapid progress over the past two decades but we still need help in the economic, political and social spheres. We welcome the chance to learn from European companies and investors, and at ELC we are ready to help them make a success of their ventures here.”