Mongolian Mining and Gas Companies

O’Melveny obtained a significant victory for two Mongolian mining and gas companies in an arbitration arising from a series of sales contracts entered into with a leading Japanese trading company for the purchase of mining equipment. The trading company had alleged that the mining and gas companies defaulted on payments of approximately US$100 million. An Arbitral Tribunal accepted O’Melveny’s argument about the validity of the contracts, and dismissed over 95 percent of the trading company’s claims.