Legal Framework
From The Report: Mongolia 2012
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In partnership with Hogan Lovells, OBG takes a look at Mongolia’s legal system. Key points include the mining regulations, developments in the banking sector, and the Concession Law.

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Overview

Open for business: The government is looking to increase levels of foreign investment
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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 mining companies, mining support businesses, accounting firms and even law firms entering a market that has heretofore been regarded as the “back…

Viewpoint

Michael Aldrich, Partner, Hogan Lovells, on the legal system governing foreign direct investment in Mongolia
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I like to use the image of a glass of water to describe my views on Mongolia’s legal system and the current business climate for foreign investment. Depending upon one’s disposition, the glass is half full, providing an unusual opportunity for foreign investors in a legal system surprisingly light on approval procedures, contending approval authorities, and internal or classified regulations. Or is it half empty, woefully short of the transparency and predictability that are the hallmarks…