Mongolian Investment Regulation and Arbitration
Mongolian Investment Regulation and Arbitration

Summary/Abstract: The author of the study presents the Mongolian legal environment regulating foreign direct investment. The evolution of the rules governing this field is presented in a chronological order from the democratization of Mongolia in the early 1990s to the present day. The author remarks the changes in the rules over time, which show an evolution towards a more level playing field between foreign investors, who were initially in a privileged position when compared to domestic investors. Other changes concern the authorization requirements for foreign investments, which evolved in order to hinder the activity of foreign state-owned enterprises in Mongolia and also to safeguard Mongolian mineral wealth. Investor protection mechanisms are emphasized, such as state commitments to not modifying the taxation environment. The study analyses international arbitration case-law pertaining to foreign investment protection in Mongolia.

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