Mongolian Economy and Finance

Hogan Lovells Anthony Woolley and Solongoo Bayarsaikhan

The government of Mongolia is considering anti-discrimination legislation to protect its LGBT citizens.

LGBTI people and ethnic minorities will be protected from being subjected to hate crimes in Mongolia if a government proposal goes forward.

Ulaanbaatar, Mongolia - The government here has embarked on a series of sweeping reforms to the country's legal system, including provisions that aim to prevent crimes of hate, bigotry and discrimination.

On 16 January 2014, the Parliament of Mongolia approved the State Policy of Mongolia in respect of the Minerals Sector for 2014 – 2025 (Minerals Policy).

DePauw University awards Edward Lehman, resident in mainland China for the past 27+ consecutive years, with the 2014 Distinguished Alumni Achievement Award for Management and Entrepreneurship.

BEIJING , April 28, 2014 /PRNewswire/ --  DePauw University  awards Edward Lehman (Connect on  Linkedin ), resident in mainland China for the past 27+ consecutive years, with the 2014 Distinguished Alumni Achievement Award for Management and Entrepreneurship.

Berwin Leighton Paisner (BLP) has been engaged by the Mongolian government to redraft the country's arbitration laws, along with local outfit New Grata.

For more than 70 years, one fixture of Mongolian life was not unlike that of its closest neighbors.

Changes being considered to Mongolia’s minerals law are expected to pave the way to the end of a three and a half year moratorium on new exploration licenses, according to an official from the Ministry of Mining.

Mongolia's new law is expected to encourage billions of dollars of Chinese investments, said speakers at the Mongolia 2013 Investment Summit in Hong Kong yesterday.

Leading law firm Michelmores’ London office has advised private equity groups Bamboo Finance and Triodos Investment Management on the sale of a significant stake in Tenger Financial Group (TFG) to a consortium led by Japanese bank ORIX Corporation and which included the International Finance Corporation and Mongolyn Alt Corporation.

Further to the recent client note on the proposed amendments to the investment regime in Mongolia, on 3 October 2013 Parliament approved the Law of Mongolia on Investment along with other supporting amendments.

In a bid to reverse the slump that has gripped the economy, Mongolia would be replacing its 2012 Strategic Entities Foreign Investment Law (SEFIL) with a new measure.

A new foreign investment law in Mongolia has caused quite an international stir for a landlocked country with about 3m people and a GDP of little over US$10bn.

Mongolia on Monday passed a new law aimed at attracting fresh capital to the mining sector.

September 19 (National Securities) Proposed changes to the "Law to Prohibit Mineral Explorations and Mining Operations at Headwaters of Rivers, Protected Zones of Water Reservoirs and Forested Areas (the 'Long Name Law'), which are being discussed at the extraordinary parliamentary session; have been the cause of protestors actions, including an attempted armed entry of the national Parliament building by several nationalistic group members.

Member of Parliament Su.Batbold has submitted a draft bill to the Speaker of Parliament, Z.Enkhbold, on Monday, to make some amendments to the law on public holidays and occasional days.

The Government of Mongolia has proposed to amend its regulatory framework for investment activities in a bid to reverse a decline in foreign investment and to revive the economy.

The Government is preparing to renew a set of tax laws to be ready to be passed during the Autumn session of Parliament according to resolution 37th of Parliament dated 2012.