Jurisdiction - Mongolia
News
Mongolia – Country Revises Its Regulatory Framework For Foreign And Domestic Investment: Index.

5 November, 2013

 

Legal News & Analysis – Asia Pacific – Mongolia

 

Further to our recent client note on the proposed amendments to the investment regime in Mongolia, we wish to update our clients that on 3 October 2013, Parliament approved the Law of Mongolia on Investment (“Investment Law“) along with other supporting amendments. The official version of the Investment Law was made available on the Mongolian Parliament’s website on 30 October 2013.


The Investment Law comes into effect on 1 November 2013 and replaces the Law of Mongolia on Foreign Investment, enacted on 10 May 1993, as amended (“Foreign Investment Law“) and the Law of Mongolia on the Regulation of Foreign Investment in Business Entities Operating in Sectors of Strategic Importance, enacted on 17 May 2012, as amended (“SFI Law“).


As expected, the Investment Law eases the regulatory approval requirements for foreign private investment and streamlines the registration process for foreign direct investment. Further, it sets out certain legal guarantees and incentives so as to promote investment activities in Mongolia.

 

1. Overview

2. Scope Of The Law, State Regulation Of Investment

3. General Framework For Investment

4. General Legal Guarantees And Obligations

5. Promotion Of Investment

6. Sanctions, Conclusion

 

Hogan Lovells

 

 

For further information, please contact:

 

Michael Aldrich, Partner, Hogan Lovells
[email protected]

 

Chris Melville, Partner, Hogan Lovells
[email protected]

 

Anthony Woolley, Hogan Lovells
[email protected]

 

Nominchimeg Odsuren, Hogan Lovells
[email protected]

 

Solongoo Bayarsaikhan, Hogan Lovells
[email protected]

 

Comments are closed.