Legal Framework

Two issues facing any prospective investor in a developing nation are what activity is permitted and whether the laws of that country will protect their investment. For several years Mongolia’s tremendous potential has been recognised, not just in terms of its mineral resources, but also in agriculture and renewable power generation. The country treasures its independence, but as a functioning democracy, it recognizes the need to respect the rights of its citizens and foreigners alike. Significant strides have been made in the past 20 years to produce a body of Mongolian law that achieves this aim. In this section, Clyde & Co gives an overview of the legal framework for conducting business in Mongolia and features a viewpoint from Stephen Tricks, Consultant at Clyde & Co.