Ropes & Gray Team Advises on Restructuring of Mongolian Mining Corporation
A cross-office and cross-practice Ropes & Gray team advised the steering committee of noteholders on the restructuring of more than $760 million of Mongolian Mining Corporation’s offshore liabilities. Mongolian Mining Corporation is a Hong Kong-listed coal mining company operating in Mongolia, through schemes of arrangement in the Cayman Islands and Hong Kong, and Chapter 15 recognition in the United States. The restructuring, which was completed on May 4, is believed to be the first and largest of its kind by a Mongolian company.
The deal team included special situations partners Daniel Anderson (Hong Kong).