Mongolia Legal Framework

With the dramatic decrease of foreign direct investment (FDI) over the past year or so, Mongolia’s lawmakers have done much – including consulting with various stakeholders – to kick-start the economy. A number of new laws and regulations have been passed in the hope of creating a legal framework that will be more appealing to foreign investors.

As may be expected in a fast-growing emerging market, Mongolia’s legal framework – like many other aspects of Mongolian society – is in a constant state of flux. At first blush, since foreign investors tend to crave legal certainty, this would appear to be a weakness of the country’s legal system. However, investors should take comfort in the fact...

As may be expected in a fast-growing emerging market, Mongolia’s legal framework – like many other aspects of Mongolian society – is in a constant state of flux. At first blush, since foreign investors tend to crave legal certainty, this would appear to be a weakness of the country’s legal system. However, investors should take comfort in the...

Two issues facing any prospective investor in a developing nation are what is permitted and whether the laws of that country will protect their investment. For several years it has been recognised that Mongolia has tremendous potential, not just in terms of mineral resources, but also in agriculture and renewable power generation. The country...

Mongolia has begun to attract the attention of the global business media as the next success story to come out of Asia. While it may still be early days, such optimism does not seem to be unfounded. Since October 2006, there has been a veritable “gold rush” of investment banks, hedge funds, private equity funds, construction firms, major and junior...