Legal Framework.
From The Report: Mongolia 2014
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This chapter explores the laws and regulations that affect businesses and investors in Mongolia. It also features a legal framework viewpoint from OBG partner, David Beckstead, Foreign Legal Consultant with Lehman, Lee & Xu Mongolia.

Articles from this Chapter

Overview

More clarity: A look at recent revisions to laws affecting foreign investors
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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 that over the long term the changes to Mongolia’s legal system tend to be in the “right” direction; i.e. towards more stability, predictability…

Viewpoint

David Beckstead, Foreign Legal Consultant, Lehman, Lee & Xu Mongolia, on building a stronger legal structure
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I am often asked by foreign investors about my perception of Mongolia’s economic prospects. In the short term, there are a number of hurdles that need to be overcome in order to improve the country’s legal framework and facilitate greater economic activity. Over the long run, however, there seems to be a strong political will to continue strengthening Mongolia’s legal structure in the effort to facilitate foreign direct investment. In many ways, a country’s legal system is the primary form…