Legal Framework
From The Report: Mongolia 2015
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This chapter outlines the Mongolian legal environment, focusing on changes that include a new Investment Law, Petroleum Law and an amendment to the Minerals Law that is expected to boost FDI. It also contains a viewpoint from David Beckstead, Foreign Legal Consultant at Lehman, Lee & Xu.

Articles from this Chapter

Overview

Attracting foreign investment to Mongolia the motivation for new laws
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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…

Interview

David Beckstead, Foreign Legal Consultant at Lehman, Lee & Xu, on reviving Mongolia’s appeal as an investment destination
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Throughout 2014 there was a continuation of the drastic decline of foreign direct investment (FDI) in Mongolia, a shift that began in early 2013. With global commodity prices remaining low, and the dispute between the Mongolian government and Rio Tinto over the Oyu Tolgoi copper and gold mine ongoing, an economic recovery does not seem likely in the short term. However, I believe that in the long term the Mongolian economy has no direction to go but up. The Mongolian government has recognised the…