Legal Framework
From The Report: Mongolia 2013
View in Online Reader

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.

Articles from this Chapter

Overview

Outside looking in: Foreign investors welcome as the reform process continues
OBG
plus

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 treasures its independence, but as a functioning democracy, it recognises the need to respect the rights of its citizens and foreigners alike. Significant…

Viewpoint

Stephen Tricks, Consultant, Clyde & Co, on legal prospects for foreign investment
OBG
plus

Following two years of rapid expansion of foreign investment, the political and economic developments in Mongolia during 2012 have provoked much debate. Two topics on which many prospective investors seek guidance are the incoming government’s position on the Oyu Tolgoi investment agreement and the new Law on Foreign Investment in Sectors of Strategic Importance (LFISSI), passed shortly before the general election in May 2012. The political issues surrounding Oyu Tolgoi remained uncertain in 2012,…