Melville Erdenedalai LLP as the Mongolian associated partner of Hogan Lovells International LLP, recently launched a multijurisdictional FDI Guide across nine APAC jurisdictions including: Australia, India, Indonesia, Japan, Mongolia, People’s Republic of China (Hong Kong and Mainland China), Singapore and Vietnam. You can access the complete Legal Guide on below link.

On 17 June 2022, the Parliament of Mongolia adopted the Law of Mongolia on Permits (“Permit Law”). The Permit Law will become effective on 1 January 2023. Below we provide brief information on some of the key changes introduced by the Permit Law.

In January 2021, the Parliament of Mongolia adopted the Law of Mongolia on Amendments to the Banking Law which required systemically important banks to become open joint stock companies by 30 June 2022. In light of this, on 5 October 2021, the BoM and the FRC adopted a Joint Order approving the “Regulation on the Approval of Changes to the Share Capital and Shareholding Structure of a Bank in the form of a Joint Stock Company”.

On 7 July 2021, the Government of Mongolia adopted Resolution No.192 which approved the Regulation on Issuance of Mongolian Visas (the “Visa Regulation”). The Visa Regulation became effective on 16 August 2021. Below we highlight some of the key changes introduced by the Visa Regulation.

It has been nearly one year since the amendments to the Constitution of Mongolia, enacted on 13 January 1992 (“Constitution”) became effective. On 14 November 2019, the State Great Khural of Mongolia (“Parliament”) made significant amendments (“Amendments”) to the Constitution and the amendments became effective on 25 May 2020. This was the second time that the Constitution was amended since its adoption in 1992.

On 29 January 2021, the Parliament of Mongolia adopted the Law of Mongolia on Amendments to the Banking Law (“Amendments”). Together with the Amendments, the Parliament of Mongolia adopted the Law of Mongolia on Procedures for Implementing the Law on Amendments to the Banking Law (“Implementation Law”). The Amendments and the Implementation Law entered into force on 25 February 2021. Please CLICK THE LINK: https://bit.ly/3dVIZVj

As majority of the top-ranked international arbitration legal practices are based in the U.S., it is therefore worth considering the rapid changes in U.S. arbitration jurisprudence over the last few years. The ways in which U.S.-licensed attorneys learn and deploy the law can have practical ramifications for key Asian arbitration centers, and even for Mongolian companies.

We provide information on key legislative changes introduced during the previous Parliamentary session and legislation to be discussed and approved during the current spring Parliamentary session.

After long discussion and debate since the submission of its initial draft on 26 March 2018, a revised Labor Law (the “Revised Labor Law”) was adopted by the Parliament of Mongolia on 2 July 2021, which will come into force and effect on 1 January 2022.This briefing focuses on some select changes of interest to employers and businesses operating in the private sector.

With vast amounts of proven coal reserve, there is significant potential for development of the methane gas industry in Mongolia. Below we provide general information on certain regulatory matters that may be of interest to those involved or looking at this sector.

Хөгжиж буй улс орнуудын иргэд, ялангуяа хөрөнгө санхүүгийн туршлага, мэдлэг дутмаг иргэд, хуулийн этгээдүүдийг онилж, хууран мэхлэх, залилах гэсэн үйлдэл байнга гардаг гэдгийг та бид бүгд мэднэ. Харин бизнес эрхлэгчид, хөрөнгө оруулалт хайсан компаниудыг онилсон хуурамч хөрөнгө оруулагч нарыг хэрхэн таньж мэдэх бэ? Эдгээр залилан хийх гэж буй этгээдүүдийг таньж мэдэхэд туслах боломжтой зарим нэг зөвлөгөө, анхаарах асуудлуудыг товч дурдъя. https://bit.ly/3bAxC14

In cooperation with Thomson Reuters, M&E’s article “Country Update-Mongolia: Insurance” has been published by Practical Law. This article highlights some of the key legal regulations commonly associated with the insurance market in Mongolia. PLEASE CLICK THE LINK: http://shorturl.at/duHJZ